Initech Inc. is a small computer consulting business. The company is organized as a corporation and provides consulting services, computer system installations, and custom program development. Initech Inc. showed the following alphabetized post-closing trial balance at March 31, 2014. Account Balance Accounts payable... 26.000 Accounts receivable 109,500 Accumulated depreciation, machinery 4,000 Cash 79.500 Machinery 27,000 Retained earnings 64,000 Share capital 122.000 Note: There were 4,000 shares issued and outstanding on March 31, 2014. Depreciation on the machinery is $800 per month Initech Inc.'s salaries expense is a total of $700 per day for each work day (Monday-Friday) in the month (for simplicity, please ignore all statutory holidays). The following source documents are from April Debout lolar 11 Indice GEES Rece Intai Manga Purchase Order 2001 Becalat 7722 Purchase Ord G12 inter- Omst Inice GEGA [doton Hur Ac3320 Receat 7720 The Grasse Group - Mama ke Receitam Avery's Diner Insetica Mana 2 - Mama a) Analyze each of the preceding source documents and prepare joumal entries using this information only. Note that some source documents may not require an entry. Also, all bills are recorded in the journal on the day they are received. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan). General Journal Date Account/Explanation Page Gj1 F Debit Credit General Journal Date Account/Explanation Page GJ2 F Debit Credit General Journal Date Account/Explanation Page GJ3 F Debit Credit General Journal Date Account/Explanation Page GJA F Debit Credit Date: April 30, 2014 Inter-Office Memo 5 From: Mary Graham To: Office Assistant Date: April 30, 2014 Subject: Cash Disbursement From: Mary Graham To: Office Assistant Please prepare a cheque to pay the Edmonton Hydro bill received Subject: Cash Disbursement on April 23 Thanks, Please prepare a cheque to pay dividends of $0.40 per share to Mary Graham shareholders of record on today's date. Thanks, Mary Graham To: Edmonton Hydro The Grayson Group B Edmonton Hydro Customer Name: Initech Inc. 4489 Franklin Crescent The Grayson Group Account No.: Customer Name: Initech Inc. 7800097 Edmonton, Alberta 13538 Franklin Road Account No.: 6552877 TOM 2K3 Service Period: 01/Apr - 23/Apr Edmonton, Alberta Inter-Office Memo 2 Invoice Date: April 23, 2014 F4J 107 Service Period: 01/Apr - 23/Apr Invoice Date: April 23, 2014 Date: April 25, 2014 Previous Charges Previous Charges From: Previous balance forward Mary Graham $700 Previous balance forward $650 Payment on March 31 Office Assistant $-700 Payment on March 31 $-650 Total previous charges SO Subject: Cash Disbursement Total previous charges SO Current Charges Please prepare a cheque for salaries owed to employees for the Current Charges Water and sewage $400 period April 1 to April 25. TV advertising campaign $350 Natural Gas $100 Electricity $150 Radio advertising campaign $300 Thanks, $200 Total current charges Print advertising campaign $800 Mary Graham Total current charges $700 Amount Due: $800 Amount Due: $700 Purchase Order 0812 Receipt 7727 Initech Inc. Date: April 27, 2014 Initech Inc. 6915 Sesame Place Date: April 5, 2014 PO No.: 6812 6915 Sesame Place Edmonton, Alberta Receipt No.: 7727 Inter-Office Memo XIV51697 Edmonton, Alberta V5I6Q7 Date: April 27, 2014 Vendor: Ship To: Customer: Alfaco Initech Inc. Westco From: Mary Graham 1857 40 Avenue 8915 Sesame Place Rep: 9839 47 Street Carrie Ford Office Assistant Edmonton, Alberta Edmonton, Alberta Edmonton, Alberta Invoice No.: Verbal G4L 9H2 V51 607 Q2U 884 Subject: New Hire Item Ordered Description Unit Total Qty Description Unit Price Total Joseph Stiller has accepted our job offer and will begin No. Price 3 Instructional seminar, per hour $65 $195 SR18 112 employment with us on May 1. Please get everything ready for Product training to begin on $83 59.296 May 1, 2014, per hour that date. Thanks, Total: $195 Mary Graham Sub Paid: $195 $9.296 Balance Due $0 Shipping Total: $9.296 To: Total Invoice 6656 HU Initech Inc. Date: April 7, 2014 6915 Sesame Place Invoice No.: 6656 Avery's Diner Initech Inc. Cate: April 15, 2014 Edmonton, Alberta 6915 Sesame Place 7845 Exchange Street Receipt No.: 7729 Edmonton, Alberta V51 607 Edmonton, Alberta 522-1403 VS1607 Customer: Check #: 480460 ABC Co Rop: Linda Champion ABC CO Customer 13805 Elm Trail Server: Susan Date: April 19, 2014 Edmonton, Alberta PO No.: Verbal 13605 Elm Trail Rep: Linda Champion Table: 32 Time: 12:57 C5L 3T3 Edmonton, Alberta CSL 3T3 Qty Description Unit 1 Draft, Import 7.00 Total Qty Description Price Unit Price Total 1 Fettucini alfredo 120 Training on new computer software, per $83 $9,960 Balance forward 50 3 Steak sandwich 33.00 hour 1 Involce 16656 (on April 7, 2014) $9,900 $9,960 Total: $50.00 Cash Received: $50.00 Thank you for dining with us! Sub- Total: $9,960 Paid: 59,960 Freight: 0 Balance Due: $0 Total: $9,960 10.00 Totat $9.960 Receipt 7727 Date: April 5, 2014 Receipt No.: 7727 Date: April 21, 2014 Initech Inc. Receipt No.: 6644 6915 Sesame Place Edmonton, Alberta V51 607 Date: April 23, 2014 Receipt No.: 7728 Initech Inc. 6915 Sesame Place Edmonton, Alberta V51 607 Customer Westco 9839 47 Street Edmonton, Alberta Q2U 854 Stan's Fix-It 10920 Falton Road Edmonton, Alberta Q2J 101 Customer Initech Inc. 6915 Sesame Place Edmonton, Alberta V51 607 Rep: Carrie Ford Invoice No.: Verbal Rep: Carter Stark Invoice No.: Verbal Customer Decker Co Rep: Mary Graham 1858 Falton Trail Edmonton, Alberta A9B 5C6 Unit Price Total Qty Description $100 $100 2 Troubleshooting, per hour Qty Description 3 Instructional seminar, per hour Unit Price Total $65 $195 Qty Description 1 Repairs to machinery Unit Price Total $65 $130 Total: $195 Paid: $195 Balance Due: $0 Total: $100 Paid: $100 Balance Due: SO Total: $130 Paid: $130 Balance Due: $O Date: April 1, 2014 Account No.: 9889 Deposit slip ) Purchase Order 9931 Initech Inc. Date: April 1, 2014 customer satement of STUD BeamerCo 6915 Sesame Place 9237 39 Avenue Edmonton, Alberta PO No.: 9931 Initech Inc. Edmonton, Alberta V51 607 6915 Sesame Place Date: April 30, 2014 BOR SK1 Edmonton, Alberta Vendor: Ship To: V51 607 Susan's Furniture Initech Inc. 13577 82 Avenue 6915 Sesame Place Customer Initech Inc. Edmonton, Alberta Edmonton, Alberta EastCo 1915 Sesame Place NOL WJ4 V51 607 5889 Elm Crescent Edmonton, Alberta Edmonton, Alberta V51 607 Item Ordered Description Unit Total B38 987 No. Price Cash FUR108 1 Furniture $16,800 $16,800 Date Description Amount Balance Estimated useful life! 10 years April 1 Balance forward $0 Cheques Estimated residual April 4 Invoice #6655 $4,160 $4,160 (re: 4,000 shares issued today) value: $3,600 Total Deposits Amount Due: $4,160 Sub- Total: $16,800 $25.000 $25,000 Invoice 6655 April 4, 2014 Invoice No.: 3894 Initech Inc. 6915 Sesame Place Edmonton, Alberta VS1 607 Customer EastCo 5889 Elm Crescent Edmonton, Alberta B3B 987 Date: April 4, 2014 Initech Inc. Invoice No.: 6655 6915 Sesame Place Edmonton, Alberta V$ 607 Customer Rop: Hector Mendez Westco PO No.: Verbal 1388 42 Street Edmonton, Alberta F28 64 Invoice Date: April 2. 2014 Susan's Furniture Receipt No.: 7726 13577 82 Avenue Edmonton, Alberta N9L9J4 Customer: Initech Inc. Rep: John Jarell 6915 Sesame Place Edmonton, Alberta V51 607 Unit Price Total Description Rep: Mary Graham PO No.: 9931 Qty Description Unit Price Total Qty Unit Total Price 64 Training on new computer software, per hour $65 $4.160 Qty Description 9 Ongoing consulting regarding security, per month. To begin immediately and end December 31, 2014 $2,000 $18,000 $16,800 $16,800 1 Furniture as ordered on April 1, 2014 Estimated useful life: 10 years. Estimated residual value: $3,600. Total: $18,000 Paid: $18,000 Balance Due: $0 Sub Total: $16,800 Freight: 0 Total Sim Sub- Total: $4,160 Freight: 0 Total: $4.160 Inter-Office Memo 1 Date: April 1, 2014 From: Mary Graham To: Office Assistant Subject: Cash Disbursement Please write a cheque to ABC Co in the amount of $7,200. This will pay for rent for the next 12 months. Thanks, Mary Graham Initech Inc. is a small computer consulting business. The company is organized as a corporation and provides consulting services, computer system installations, and custom program development. Initech Inc. showed the following alphabetized post-closing trial balance at March 31, 2014. Account Balance Accounts payable... 26.000 Accounts receivable 109,500 Accumulated depreciation, machinery 4,000 Cash 79.500 Machinery 27,000 Retained earnings 64,000 Share capital 122.000 Note: There were 4,000 shares issued and outstanding on March 31, 2014. Depreciation on the machinery is $800 per month Initech Inc.'s salaries expense is a total of $700 per day for each work day (Monday-Friday) in the month (for simplicity, please ignore all statutory holidays). The following source documents are from April Debout lolar 11 Indice GEES Rece Intai Manga Purchase Order 2001 Becalat 7722 Purchase Ord G12 inter- Omst Inice GEGA [doton Hur Ac3320 Receat 7720 The Grasse Group - Mama ke Receitam Avery's Diner Insetica Mana 2 - Mama a) Analyze each of the preceding source documents and prepare joumal entries using this information only. Note that some source documents may not require an entry. Also, all bills are recorded in the journal on the day they are received. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan). General Journal Date Account/Explanation Page Gj1 F Debit Credit General Journal Date Account/Explanation Page GJ2 F Debit Credit General Journal Date Account/Explanation Page GJ3 F Debit Credit General Journal Date Account/Explanation Page GJA F Debit Credit Date: April 30, 2014 Inter-Office Memo 5 From: Mary Graham To: Office Assistant Date: April 30, 2014 Subject: Cash Disbursement From: Mary Graham To: Office Assistant Please prepare a cheque to pay the Edmonton Hydro bill received Subject: Cash Disbursement on April 23 Thanks, Please prepare a cheque to pay dividends of $0.40 per share to Mary Graham shareholders of record on today's date. Thanks, Mary Graham To: Edmonton Hydro The Grayson Group B Edmonton Hydro Customer Name: Initech Inc. 4489 Franklin Crescent The Grayson Group Account No.: Customer Name: Initech Inc. 7800097 Edmonton, Alberta 13538 Franklin Road Account No.: 6552877 TOM 2K3 Service Period: 01/Apr - 23/Apr Edmonton, Alberta Inter-Office Memo 2 Invoice Date: April 23, 2014 F4J 107 Service Period: 01/Apr - 23/Apr Invoice Date: April 23, 2014 Date: April 25, 2014 Previous Charges Previous Charges From: Previous balance forward Mary Graham $700 Previous balance forward $650 Payment on March 31 Office Assistant $-700 Payment on March 31 $-650 Total previous charges SO Subject: Cash Disbursement Total previous charges SO Current Charges Please prepare a cheque for salaries owed to employees for the Current Charges Water and sewage $400 period April 1 to April 25. TV advertising campaign $350 Natural Gas $100 Electricity $150 Radio advertising campaign $300 Thanks, $200 Total current charges Print advertising campaign $800 Mary Graham Total current charges $700 Amount Due: $800 Amount Due: $700 Purchase Order 0812 Receipt 7727 Initech Inc. Date: April 27, 2014 Initech Inc. 6915 Sesame Place Date: April 5, 2014 PO No.: 6812 6915 Sesame Place Edmonton, Alberta Receipt No.: 7727 Inter-Office Memo XIV51697 Edmonton, Alberta V5I6Q7 Date: April 27, 2014 Vendor: Ship To: Customer: Alfaco Initech Inc. Westco From: Mary Graham 1857 40 Avenue 8915 Sesame Place Rep: 9839 47 Street Carrie Ford Office Assistant Edmonton, Alberta Edmonton, Alberta Edmonton, Alberta Invoice No.: Verbal G4L 9H2 V51 607 Q2U 884 Subject: New Hire Item Ordered Description Unit Total Qty Description Unit Price Total Joseph Stiller has accepted our job offer and will begin No. Price 3 Instructional seminar, per hour $65 $195 SR18 112 employment with us on May 1. Please get everything ready for Product training to begin on $83 59.296 May 1, 2014, per hour that date. Thanks, Total: $195 Mary Graham Sub Paid: $195 $9.296 Balance Due $0 Shipping Total: $9.296 To: Total Invoice 6656 HU Initech Inc. Date: April 7, 2014 6915 Sesame Place Invoice No.: 6656 Avery's Diner Initech Inc. Cate: April 15, 2014 Edmonton, Alberta 6915 Sesame Place 7845 Exchange Street Receipt No.: 7729 Edmonton, Alberta V51 607 Edmonton, Alberta 522-1403 VS1607 Customer: Check #: 480460 ABC Co Rop: Linda Champion ABC CO Customer 13805 Elm Trail Server: Susan Date: April 19, 2014 Edmonton, Alberta PO No.: Verbal 13605 Elm Trail Rep: Linda Champion Table: 32 Time: 12:57 C5L 3T3 Edmonton, Alberta CSL 3T3 Qty Description Unit 1 Draft, Import 7.00 Total Qty Description Price Unit Price Total 1 Fettucini alfredo 120 Training on new computer software, per $83 $9,960 Balance forward 50 3 Steak sandwich 33.00 hour 1 Involce 16656 (on April 7, 2014) $9,900 $9,960 Total: $50.00 Cash Received: $50.00 Thank you for dining with us! Sub- Total: $9,960 Paid: 59,960 Freight: 0 Balance Due: $0 Total: $9,960 10.00 Totat $9.960 Receipt 7727 Date: April 5, 2014 Receipt No.: 7727 Date: April 21, 2014 Initech Inc. Receipt No.: 6644 6915 Sesame Place Edmonton, Alberta V51 607 Date: April 23, 2014 Receipt No.: 7728 Initech Inc. 6915 Sesame Place Edmonton, Alberta V51 607 Customer Westco 9839 47 Street Edmonton, Alberta Q2U 854 Stan's Fix-It 10920 Falton Road Edmonton, Alberta Q2J 101 Customer Initech Inc. 6915 Sesame Place Edmonton, Alberta V51 607 Rep: Carrie Ford Invoice No.: Verbal Rep: Carter Stark Invoice No.: Verbal Customer Decker Co Rep: Mary Graham 1858 Falton Trail Edmonton, Alberta A9B 5C6 Unit Price Total Qty Description $100 $100 2 Troubleshooting, per hour Qty Description 3 Instructional seminar, per hour Unit Price Total $65 $195 Qty Description 1 Repairs to machinery Unit Price Total $65 $130 Total: $195 Paid: $195 Balance Due: $0 Total: $100 Paid: $100 Balance Due: SO Total: $130 Paid: $130 Balance Due: $O Date: April 1, 2014 Account No.: 9889 Deposit slip ) Purchase Order 9931 Initech Inc. Date: April 1, 2014 customer satement of STUD BeamerCo 6915 Sesame Place 9237 39 Avenue Edmonton, Alberta PO No.: 9931 Initech Inc. Edmonton, Alberta V51 607 6915 Sesame Place Date: April 30, 2014 BOR SK1 Edmonton, Alberta Vendor: Ship To: V51 607 Susan's Furniture Initech Inc. 13577 82 Avenue 6915 Sesame Place Customer Initech Inc. Edmonton, Alberta Edmonton, Alberta EastCo 1915 Sesame Place NOL WJ4 V51 607 5889 Elm Crescent Edmonton, Alberta Edmonton, Alberta V51 607 Item Ordered Description Unit Total B38 987 No. Price Cash FUR108 1 Furniture $16,800 $16,800 Date Description Amount Balance Estimated useful life! 10 years April 1 Balance forward $0 Cheques Estimated residual April 4 Invoice #6655 $4,160 $4,160 (re: 4,000 shares issued today) value: $3,600 Total Deposits Amount Due: $4,160 Sub- Total: $16,800 $25.000 $25,000 Invoice 6655 April 4, 2014 Invoice No.: 3894 Initech Inc. 6915 Sesame Place Edmonton, Alberta VS1 607 Customer EastCo 5889 Elm Crescent Edmonton, Alberta B3B 987 Date: April 4, 2014 Initech Inc. Invoice No.: 6655 6915 Sesame Place Edmonton, Alberta V$ 607 Customer Rop: Hector Mendez Westco PO No.: Verbal 1388 42 Street Edmonton, Alberta F28 64 Invoice Date: April 2. 2014 Susan's Furniture Receipt No.: 7726 13577 82 Avenue Edmonton, Alberta N9L9J4 Customer: Initech Inc. Rep: John Jarell 6915 Sesame Place Edmonton, Alberta V51 607 Unit Price Total Description Rep: Mary Graham PO No.: 9931 Qty Description Unit Price Total Qty Unit Total Price 64 Training on new computer software, per hour $65 $4.160 Qty Description 9 Ongoing consulting regarding security, per month. To begin immediately and end December 31, 2014 $2,000 $18,000 $16,800 $16,800 1 Furniture as ordered on April 1, 2014 Estimated useful life: 10 years. Estimated residual value: $3,600. Total: $18,000 Paid: $18,000 Balance Due: $0 Sub Total: $16,800 Freight: 0 Total Sim Sub- Total: $4,160 Freight: 0 Total: $4.160 Inter-Office Memo 1 Date: April 1, 2014 From: Mary Graham To: Office Assistant Subject: Cash Disbursement Please write a cheque to ABC Co in the amount of $7,200. This will pay for rent for the next 12 months. Thanks, Mary Graham