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Jorunal Entry required for these transaction December 3 December 3 LE MUR DU SON LTD. DECEMBER 20X4 TRANSACTIONS Received an invoice for merchandise purchased from

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December 3 December 3 LE MUR DU SON LTD. DECEMBER 20X4 TRANSACTIONS Received an invoice for merchandise purchased from H.P.S. Ltd.. Terms: 2/10,n30. Date: November 30, 20X4. Total: $0 975.00 plus the appropriate taxes. Le Mur du Son Ltd. wishes to increase its percentage of common shares of Sones Inc. to 10 %. The company purchases 3 000 new shares at a price of $10.50 per share. The transaction will be recorded upon receipt of the invoice from the broker A short term bank loan of $20 000 was taken at the National Bank. The annual interest rate is 15 %. Starting December 31, this loan will be repaid in monthly installments. Cheque no. 400 was issued to Techno-Logie Inc. to settle our account. A 2% discount was taken. Signed a contract with Hebdo-Son Inc. for advertisements that will appear in their magazine in December, January and February. Cheque no. 401 for $6 000.00 plus the appropriate taxes was issued. Received a cheque from Alco Inc. as payment for the November 27 invoice (20. 1001). A 2% discount December 3 December + December 4 December was taken December 4 December 5 Brocol Ltd. returned merchandise which they had received by mistake. Issued credit note no. 14 in the amount of $5 000.00 plus the appropriate taxes. I Purchased merchandise from Microson Ltd., a new vendor. Cheque no. 402 for $4 220.00 was issued since Microson requested immediate payment for our first purchase. Merchandise received from Photolum Ltd. on November 26 was defective. They were returned along with debit memo no. 12 for $1 790.00 plus the appropriate taxes. In retum, the vendor sent us a credit memo. Cheque no. 403 was issued to Son et Lumire Inc. in settlement of our account. A 1 % discount was December 5 December 5 taken. December 5 Sold merchandise on credit to Aux Frontires du Possible Inc. Issued invoice no. 1010 for$21 000.00 plus the appropriate taxes. Terms: 2/10,n30. Received a cheque from Doremi Ltd. to settle the November 26 invoice (n0.999). A 2% discount was December 5 taken. December 5 Received an invoice from Sanscartier, Sansregret et Associes, Avocats, for $1 250.00 plus the appropriate taxes to cover legal fees relative to a case which was heard in October. A judgement has not been

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