Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Journalize the attached transactions in the template. Explanations for the transactions are not necessary. Please leave a space between each transaction. Unit 3, Activity 5

Journalize the attached transactions in the template. Explanations for the transactions are not necessary. Please leave a space between each transaction.

image text in transcribed

image text in transcribed

Unit 3, Activity 5 Assignment: Journalize the following transactions in the following journal page (below), Explanations and posting references (P.R.) for the transactions are not necessary. Leave a space between each transaction. The HST rate is 13% March: March of the current year: 1 - Sold accounting services to Coffee Industries for $1 000 plus HST on account. 5 - Purchased equipment from BM Electronics on account for $2 000 plus HST. 6 - Purchased supplies for cash for $300 plus HST. 10 - Sold accounting services to Nestle Corp. for $1 500 cash plus HST. 15 - Filed HST return to the government for the month of February. Enclosed a cheque with the remittance. Here are the account balances: HST Payable 1500.00 HST Recoverable 650.00 HST Owing/ (Recoverable) $850.00 17 - Sold $3 000 of accounting services to Nestle Corp. on account plus HST. 22 - Sold $1 400 of accounting services for cash plus HST. Chart of accounts Bank A/R - Coffee Industries A/R - Nestle Corp. Supplies Equipment A/P BM Electronices HST Payable HST Recoverable Capital Drawings Revenues Expenses

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding The Use Of Financial Accounting Provisions In Private Acquisition Agreements

Authors: Mark L. Stoneman

1st Edition

1627222731, 978-1627222730

More Books

Students also viewed these Accounting questions

Question

*4. Write the structure function corresponding to the following:

Answered: 1 week ago