I need help woth the journal entry for #16
thank you
Binh's Bins RED DEER TRUST 399 Money Drive Red Deer, AB T4S 3P1 672 Alleyway Drive Red Deer AB T4R 214 No: 491 O Date 20210618 Pay_ One Hundred Seventy Eight dollars and 50 cents S 178.50 Binhs porno TO THE ORDER OF Badlands Hardware 449 Gadgets Way Red Deer AB T4Y 5GO grande terre om Binh Than Binh Thanh -:-- 40361.. 0492 Re: Pay (corrected) invoice BH-5621 $178.50 No: 491 June 18, 2021 Sales Invoice #BB-365 Dated June 19, 2021 To Sunnybrook Estates (new customer), $4 800 plus $240 GST charged for dumpster rentals during estate renovations. Sales invoice total $5 040. Terms: net 30 days. Create new Group account 1280 A/R - Sunnybrook Estates. Payment Cheque #492 Dated June 20, 2021 To Western Data, $842 in payment of account. Reference invoice #WD-4499. 18 Some of these jobs are arranged by the owners, and some by their contractors. Some of his customers have set up accounts with Binh's Bins, and he has accounts with his regular vendors and suppliers. o convert his accounting records to Sage 50 in June, he has used the following: Chart of Accounts Trial Balance Accounting Procedures CHART OF POSTABLE ACCOUNTS BINH'S BINS ASSETS 1580 Trucks 3150 Binh's Bins, Drawings EXPENSE 1080 Chequing Account 3600 Net Income 5020 Advertising & Promotion LIABILITIES 1200 A/R - Ontime Contracting 5040 Bank Charges 2100 A/P - Badlands Hardware REVENUE 5060 Insurance Expense 1220 AVR - Piper Creek Mall 2120 A/P - Hoodoos Containers 4100 Revenue from Dumpster 5080 Interest Expense 1240 A/R - Redbird Brothers 2180 A/P - Red Deer Promotions Rentals 1320 Prepaid Insurance 5100 Maintenance & Repairs 2650 GST Charged on Services 4150 Revenue from 5110 Supplies Used 1340 Prepaid Rent 2670 GST Paid on Purchases Subcontracting 1360 Supplies 5120 Rental Expenses 4200 Interest Revenue 1520 Computers and Software 5140 Phone/Internet Expenses EQUITY 1540 Tools 5150 Truck Expenses 1560 Dumpsters 3100 Binh's Bins, Capital 5160 Wages Expenses NOTES: The Chart of Accounts includes only postable accounts and the Net Income or Current Earnings account. Sage 50 uses the Net Income account for the income Statement to calculate the difference between revenue and expenses before closing the books. TRIAL BALANCE BINH'S BINS Credits June 1, 2021 1080 Chequing Account 1200 A/R - Ontime Contracting Debits $ 64 360 2730 5 Bn Binh's Bins 672 Alleyway Drive Red Deer AB T4R 2T4 RED DEER TRUST 399 Money Drive Red Deer, AB TAS 3P1 No: 491 Date 20210618 Pay_ One Hundred Seventy Eight dollars and 50 cents - 178.50 B1RS Bins TO THE ORDER Bin's - Badlands Hardware 449 Gadgets Way Red Deer AB T4Y 5GO Binh Thanh OF ---- 40361.. 0491 - - - - - - Re: Pay (corrected) invoice BH-5621 $178.50 No: 491 June 18, 2021 Sales Invoice #BB-365 Dated June 19, 2021 To Sunnybrook Estates (new customer), $4 800 plus $240 GST charged for dumpster rentals during estate renovations. Sales invoice total $5 040. Terms: net 30 days. Create new Group account 1280 A/R - Sunnybrook Estates. Payment Cheque #492 Dated June 20, 2021 To Western Data, $842 in payment of account. Reference invoice #WD-4499