• G with additional and more detailed entries.Information Pages: This page provides additional instructions to help you complete the practicum.Record the transactions on the dates you are instructed.EAST WEST COLLEGECHART OF ACCOUNTSACCOUNT TITLE NUMBER ACCOUNT TITLELIABILITIESNUMBERAssets Accounts payable Control 2220Cash 1000 Accrued Accounts Payable 2250Term Deposit 1015 GST Payable 2300Accrued Interest Receivable 1016 Income Taxes Payable 2350Accounts Receivable Control 1030 CPP payable 2360Allowance of Doubtful Accounts 1031 EI Payable 2370Inventory 1050 Holiday Pay Payable 2380Deposits 1060 Corporate Taxes Payable 2400Prepaid 1070 Deferred Revenue 2500Land 1130 Mortgage Payable 2700Building 1150 Shareholder loan LASKER 2800A/D-Building 1151 Share holder loan ARIF 2810Furniture & Equipment 1160A/D-Furniture & Equipment 1161 Shareholders’ EquityComputer Equipment 1170 Common Shares 3100A/D-Computer Equipment 1171 Preferred Shares 3200Leasehold Improvements 1180 Retained Earnings 3500A/D Leasehold improvements 1181 Dividends 3800Investments 1190NAME:_______________________________________ 4Account Title Acc. No:-RevenueCustomized Training 4100General Training 4200Costs of Goods SoldCourse Materials –Purchased 5010Inter materials-Printing Cost 5020Subcontract 5100Travel Costs 5150Variable ExpensesAdvertising and promotion 5200Amortization 5230Bad Debts 5260Bank Charges and Interest 5290Donations 5320Insurance 5330Interest on L/T Debt 5340Meals and Entertainment 0% deductible 5360Meals and Entertainment 50% Deductible 5370Meals and Entertainment 100% Deductible 5380Memberships 5450Miscellaneous 5480Occupancy Costs 5540Professional Fees 5580Repairs & Maintenance 5610Wage & Benefits-Salaries 5640Wage & Benefits-CPP Expenses 5650Wage & Benefits-EI Expenses 5660Wage & Benefits-Holiday Pay Expenses 5670Non-Operating Income & ExpensesInterest Income 5900Gain/Loss on Disposal 5920Income Taxes Expenses 5990NAME:_______________________________________ 5ACCOUNTS RECEIVABLE SUBSIDIARY LEDGERAccount NameLimerick CorporationZara Inc.NewGen LimitedAccuTax ConsultantsSleep Well Bedding Corp.Real Amusement LtdACCOUNTS PAYABLE SUBSIDIARY LEDGERAccount NameOncolytics BiotechD2C CorporationHigh Arctic LimitedHR Accountant Ltd.Enbridge Inc.Mercer Inc.NAME:_______________________________________ 6INFORMATION PAGERecord all of the following transactions in the general journal.--------------------------------------------------------------------------------------------------------------------MEMORANDUMTO: Bill Bugnay MEMO #112From: Arif Chowdhury December 1, 20XXPlease issue me cheque to M. Lasker to cover his Spring Break Holidays airfare. The amount of$1680 is broken down as follows airfare is $1680 (5% GST included) (CHQ 2111)Please issue a cheque to Bath and Body Inc. for the new hot tube installed in my backyard onthe weekend. The invoice for $2,835 includes the GST. (CHQ 2112)Thanks Dee----------------------------------------------------------------------------------------------------------------MEMORANDUMTO: Bill Bugnay MEMO#113FROM: M. Lasker December 1, 20XXPlease issue a cheque to Burrio Fiesta for a deposit for our Christmas Party for $4000. Record thisas a Deposit. (CHQ 2113)Thanks Bea______________________________________________________________________________MEMORANDUMTO: Bill Bugnay MEMO#114FROM: M. Lasker December 1, 20XXWe received a cheque from the lawyer for $1000000 that went into a 3% per annum 3 month termdeposit for the sale of our building. Record the amount as a term deposit and as a gain/loss ondisposal. The accountant said they will adjust at year end. The term deposit begins on December1, and matures at the end of February 20XX+1__________________________________________________________________________MEMORANDUMTo: Bill Bugnay MEMO#115FROM: Arif Chowdhury December 1, 20XXPlease deposit the $50000 cheque into our bank account for the sale of our investment recordingit as a gain/loss on disposal that the accountant said they will adjust at year end. (D/S#01-12)___________________________________________________________________________NAME:_______________________________________ 7MEMORANDUMTO: Bill Bugnay MEMO#116FROM: Arif Chowdhury December 1, 20XXA cheque was written to Hart Property Management for December totaling $12180 for the monthlyoffice lease including the occupancy costs and the GST. (CHQ 2114)Record the expenses as Occupancy Costs and Separate out the GST.Thanks___________________________________________________________________________East West College3880 29 Street NECALGARY, ALBERTA, T1Y6B6TO: Limerick Corp. INVOICE 12-12 3880 34 St NWEast Brook, Alberta, December 1, 20XXAttention: IIene Curan21 Sessions Scheduled for December $ 42,000.00G.S.T $ 2,100.00Due this invoice $ 44,100.00______________________________________________________________________________EAST WEST COLLEGE3880 29 Street NECALGARY, ALBERTA, T1Y6B6TO: ZARA INC. INVOICE 12-28 North NookRed Deer, Alberta, December 1, 20XX30 Sessions Scheduled for December $ 60,000.00G.S.T. $ 3,000.00Due this invoice $ 63,000.00______________________________________________________________________________EAST WEST COLLEGE3880 29 Street NECALGARY, ALBERTA, T1Y6B6TO: New Gen Limited INVOICE 12-34 Southview StreetAirdrie, Alberta, December 1, 20XXAttention: I. MacFarlane40 Sessions Scheduled for December $ 80,000.00G.S.T $ 4,000.00Due this invoice $ 84,000.00NAME:_______________________________________ 8EAST WEST COLLEGE3880 29 Street NECALGARY, ALBERTA, T1Y6B6TO: ACCUTAX TAX CONSULTANTSINVOICE 12-4100 Eastern ManorCalgary, Alberta, W84 IIT December 1, 20XXAttention: Sara Bonsi10 Sessions Scheduled for December $20,000.00G.S.T. $ 1,000.00Due this Invoice $ 21,000.00____________________________________________________________________________EAST WEST COLLEGE3880 29 Street NECALGARY, ALBERTA, T1Y6B6TO: Sleepwell Bedding Corp INVOICE 12-5100 Western WayCalgary, Alberta, W84 IIT December 1, 20XXAttention: Weston Matt25 Sessions Scheduled for December $ 50,000.00G.S.T. $ 2,500.00Due this Invoice $ 52,500.00______________________________________________________________________________Training of Trainers Alberta TO: East West College101 Beddington Ave 3880 29 Street NECalgary, Alberta, CALGARY, AB T1Y6B6December 5, 20XX INVOICE 788810 Trainers @ $1,500 each $ 15,000.00Company Registration $ 3,000.00$ 18,000.00G.S.T. $ 900.00Due this Invoice $ 18,900.00Membership Year September 1, 2020-August 31, 2021. A cheque has been written (#2115) for thisand should all be recorded as membership fees-Arif C.______________________________________________________________________________NAME:_______________________________________ 9Lumberworld Inc TO: EAST WEST COLLEGE90 Forest Square 3880 29 STREET NECalgary, Alberta, GR8 4TB CALGARY, AB T1Y6B6Attention: Jag ManuDecember 5, 20XX INVOICE 7889Completion of leased Premises as per Contract $ 90,000.00G.S.T $ 4,500.00$ 94,500.00$ 55,000.00Less: Deposit $ 39,500.00Due this InvoiceThank you for your business! Ask about eco renovations & how they can help you save $$$!!!A cheque has been written (#2116) for $ 39,500 and $90,000 should all be recorded as leaseholdImprovements- Arif C.___________________________________________________________________________Enbridge Inc.200 Heidelberg CLCalgary, ALBERTA, 2B0 OKSTO: EAST WEST COLLEGE3880 29 STREET NE December 5, 20XXCALGARY, Alberta, T1Y6B6 INVOICE 3763Course Manual SAGE 50 2000 Manuals $15 each $ 30,000.00GST $ 1,500.00$ 31,500.00___________________________________________________________________________High Arctic Inc.1000 Castleridge ManorCalgary, AlbertaTO: EAST WEST COLLEGE3880 29 STREET NE December 5, 20XXCALGARY, Alberta, T1Y6B6 INVOICE 201Course Manual QuickBooks 1000 Manuals $18 each $18,000.00GST $ 900.00$ 18,900,00______________________________________________________________________________