Question
Journalize the following transactions in the following journal page (below), explanations for the transactions are not necessary (please leave a space between each transaction): March:
Journalize the following transactions in the following journal page (below), explanations for the transactions are not necessary (please leave a space between each transaction):
March:
1- Sold accounting services to Coffee Industries for $1 000 plus taxes on account.
5- Purchased equipment on account for $2 000 plus GST of $120.
6- Purchased supplies for cash for $300 plus GST of $18.
10- Sold accounting services to Nestle Corp. for $1 500 cash plus taxes.
15- Remitted $320 of PST to government.
17- Sold $3 000 of accounting services to Nestle Corp. on account plus taxes.
22- Sold $1 400 of accounting services for cash plus taxes.
31- Filed for a GST refund worth $121 to the government for the month of March.
Chart of accounts
Bank
Accounts Receivable
Supplies
Equipment
Accounts Payable
Capital
Drawings
Revenues
Expenses
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started