Journal Entry
Dated April 7/23 13 Visa Sales Invoice #713 Sales Summary To various one-time customers Repairs revenue Service contract revenue GST charged PST charged Total deposited to Visa bank account $3 600 2 800 320 384 $7 104 SESSION DATE - APRIL 14, 2023 Memo #4 Dated April 8/23 14 From Owner: Cheque #5033 for $2 435.60 from Grande Pointe Towers was postdated and the discount period had expired. It was incorrectly entered with the discount on April 2. The cheque was not yet deposited, so you should reverse the receipt. Memo #5 Dated April 8/23 15 From Owner: Change the payment terms for Grande Pointe Towers to net 30. Certified cheques will be requested in the future. Notify the customer of the outstanding charges and the changes in payment terms. Memo #6 Dated April 8/23 From Owner: The work done for Hazel Estates included $1 600 plus $80 GST and $96 PST for replacement of damaged microinverters. The revised and correct invoice total is $3 108. Adjust invoice #712 to add the extra amount. MasterCard Sales Invoice #714 Dated April 9/23 17 To Vinod Residence (use Full Add for the new customer), $600 plus $30 GST and $36 PST for repairs. Invoice total $666 paid in full by MasterCard. Receipt #202 Dated April 10/23 From Selkirk Community Centre, cheque #533 for $7 978.02, including $1 978.02 in full payment of invoice #710 with $19.98 discount for early payment, and $6 000 in partial payment of invoice #711. 16 19 20 Purchase Invoice #GE-2579 Dated April 10/23 From Green Earth Products Inc., $14 000 plus $700 GST for microinverters, Invoice total $14 700. Terms: 1/10, n/30. Store as a bi-weekly recurring entry. Cash Purchase Invoice #W1-6913 Dated April 11/23 From Westrock Insurance (use Quick Add), $185 per month for a one-year car insurance policy with $2 000 000 liability coverage and $4 000 deductible. Terms: first month payable in advance on acceptance of quote followed by monthly instalments at the end of each month. Pay first month's premium of $185 in advance. Issue cheque #103. Store as a recurring monthly transaction. Memo #7 Dated April 11/23 Recall the stored entry for car insurance from Westrock Insurance enter a postdated payment for next month's premium of $185. Issue cheque #104 postdated for May 11. After posting, recall the entry again and make a postdated payment for the premium due June 11 with cheque #105. Payment Cheque #106 Dated April 14/23 To Green Earth Products Inc., $14 560 in payment of account, including $140 discount for early payment. Reference invoice #GE-2579. 21 22 23 Receipt #203 Dated April 14/23 From Selkirk Community Centre, cheque #586 for $13 780.20 in payment of account, including $199.80 discount for early payment. Reference invoice #711. SESSION DATE - APRIL 21, 2023 Bank Debit Memo #35589 Dated April 15/23 From Flatlands Credit Union, cheque #12488 for $19 778 from Regina School Board has been returned because of non-sufficient funds. Enter a negative receipt to record the NSF cheque. Notify the customer of the outstanding charges. Cash Purchase Invoice #SAA-1098 Dated April 15/23 25 From Starbuck Advertising Agency, $1 100 plus $55 GST and $66 PST for flyers on clean energy alternatives. Create new Group expense account: 5230 Promotion Expenses. Invoice total $1 221. Paid by cheque #107. Receipt #204 Dated April 15/23 From Hazel Estates, cheque #230 for $3 076.92 in full payment of account, including $31.08 discount for early payment. Reference adjusted invoice #712. Cash Purchase Invoice #FX-3467 Dated April 16/23 27 From FedEx (use Quick Add for the new supplier), $460 for special delivery of solar panels plus $23 GST. Invoice total $483. Issued cheque #108 in full payment. Create new Group account 5220 Delivery Expenses. Payment Cheque #109 Dated April 16/23 To Wheatfields Hardware, $1 665 in payment of account. Reference invoice #WH-42001. 29 Invoice: 715 Date: April 19, 2023 Sold to: Oak Bluff Banquet Hall (Ann Oakley) aircare.com clean energy for a better future 4 Celebration Ave. 100 Belair Ave., Unit 25 Regina, SK S4V 37 Regina, SK S4T 4U2 Phone: (306) 456-1299 Toll free: (888) 455-7194 Fax: (306) 456-3188 AirCare Services Tax Code Amount Description Installation of additional solar panels Adjustments to older solar panels GP GP 20 000.00 2 000.00 Authorization to exceed credit limit: Simion Canterna Payment Terms: 1/10, net 30 Customer Initials Interest at 1.5% charged on accounts over 30 days. GST 1 100.00 PST 1 320.00 TOTAL 24 420.00 GST #533 766 457 AO Dated April 7/23 13 Visa Sales Invoice #713 Sales Summary To various one-time customers Repairs revenue Service contract revenue GST charged PST charged Total deposited to Visa bank account $3 600 2 800 320 384 $7 104 SESSION DATE - APRIL 14, 2023 Memo #4 Dated April 8/23 14 From Owner: Cheque #5033 for $2 435.60 from Grande Pointe Towers was postdated and the discount period had expired. It was incorrectly entered with the discount on April 2. The cheque was not yet deposited, so you should reverse the receipt. Memo #5 Dated April 8/23 15 From Owner: Change the payment terms for Grande Pointe Towers to net 30. Certified cheques will be requested in the future. Notify the customer of the outstanding charges and the changes in payment terms. Memo #6 Dated April 8/23 From Owner: The work done for Hazel Estates included $1 600 plus $80 GST and $96 PST for replacement of damaged microinverters. The revised and correct invoice total is $3 108. Adjust invoice #712 to add the extra amount. MasterCard Sales Invoice #714 Dated April 9/23 17 To Vinod Residence (use Full Add for the new customer), $600 plus $30 GST and $36 PST for repairs. Invoice total $666 paid in full by MasterCard. Receipt #202 Dated April 10/23 From Selkirk Community Centre, cheque #533 for $7 978.02, including $1 978.02 in full payment of invoice #710 with $19.98 discount for early payment, and $6 000 in partial payment of invoice #711. 16 19 20 Purchase Invoice #GE-2579 Dated April 10/23 From Green Earth Products Inc., $14 000 plus $700 GST for microinverters, Invoice total $14 700. Terms: 1/10, n/30. Store as a bi-weekly recurring entry. Cash Purchase Invoice #W1-6913 Dated April 11/23 From Westrock Insurance (use Quick Add), $185 per month for a one-year car insurance policy with $2 000 000 liability coverage and $4 000 deductible. Terms: first month payable in advance on acceptance of quote followed by monthly instalments at the end of each month. Pay first month's premium of $185 in advance. Issue cheque #103. Store as a recurring monthly transaction. Memo #7 Dated April 11/23 Recall the stored entry for car insurance from Westrock Insurance enter a postdated payment for next month's premium of $185. Issue cheque #104 postdated for May 11. After posting, recall the entry again and make a postdated payment for the premium due June 11 with cheque #105. Payment Cheque #106 Dated April 14/23 To Green Earth Products Inc., $14 560 in payment of account, including $140 discount for early payment. Reference invoice #GE-2579. 21 22 23 Receipt #203 Dated April 14/23 From Selkirk Community Centre, cheque #586 for $13 780.20 in payment of account, including $199.80 discount for early payment. Reference invoice #711. SESSION DATE - APRIL 21, 2023 Bank Debit Memo #35589 Dated April 15/23 From Flatlands Credit Union, cheque #12488 for $19 778 from Regina School Board has been returned because of non-sufficient funds. Enter a negative receipt to record the NSF cheque. Notify the customer of the outstanding charges. Cash Purchase Invoice #SAA-1098 Dated April 15/23 25 From Starbuck Advertising Agency, $1 100 plus $55 GST and $66 PST for flyers on clean energy alternatives. Create new Group expense account: 5230 Promotion Expenses. Invoice total $1 221. Paid by cheque #107. Receipt #204 Dated April 15/23 From Hazel Estates, cheque #230 for $3 076.92 in full payment of account, including $31.08 discount for early payment. Reference adjusted invoice #712. Cash Purchase Invoice #FX-3467 Dated April 16/23 27 From FedEx (use Quick Add for the new supplier), $460 for special delivery of solar panels plus $23 GST. Invoice total $483. Issued cheque #108 in full payment. Create new Group account 5220 Delivery Expenses. Payment Cheque #109 Dated April 16/23 To Wheatfields Hardware, $1 665 in payment of account. Reference invoice #WH-42001. 29 Invoice: 715 Date: April 19, 2023 Sold to: Oak Bluff Banquet Hall (Ann Oakley) aircare.com clean energy for a better future 4 Celebration Ave. 100 Belair Ave., Unit 25 Regina, SK S4V 37 Regina, SK S4T 4U2 Phone: (306) 456-1299 Toll free: (888) 455-7194 Fax: (306) 456-3188 AirCare Services Tax Code Amount Description Installation of additional solar panels Adjustments to older solar panels GP GP 20 000.00 2 000.00 Authorization to exceed credit limit: Simion Canterna Payment Terms: 1/10, net 30 Customer Initials Interest at 1.5% charged on accounts over 30 days. GST 1 100.00 PST 1 320.00 TOTAL 24 420.00 GST #533 766 457 AO
