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June 2 - 1 0 large frame backcountry packs were sold to East Robson Inc. for $ 1 0 , 0 0 0 + GST
June large frame backcountry packs were sold to East Robson Inc. for $ GST PST; on credit; Invoice No
June Bought and received glacier ice picks to be resold in store, from Everest Company; invoice cost of $ GST; sold on credit terms; Purchase Order No; No PST charged since the manager provided the provincial vendor number to the supplier this exempts GOT from collecting and remitting PST from merchandising items bought and then reworked and sold to another business
June Sold food items for backcountry camping to West Rupert Co for $ GST PST; on credit terms; Invoice No
June Received gear from Katmandu Ltd at an invoice cost of $ GST on credit; Purchase Order No
June Sold skiing equipment for cash to Tabor Equipment for $ GST PST
June Received merchandise from Colton Manufacturing Company at a cost of $ GST; paid cash. discount received to GOT when shipment is received.
June Purchased a capital asset store equipment at a cost of $ GST PST; gave a day, percent, interestbearing note payable for the purchase price; assume date was June for interest and depreciation calculations at adjustments stage
June Sold a tract of land for $ GST which previously was used by the company; collected cash.
June Collected the account receivable from West Rupert Co; Invoice No discount received.
June Paid $ for a oneyear insurance policy on property, plant and equipment starting June
June Obtained a $ bank loan; signed a oneyear, percent, interestbearing bank loan agreement. Assume date was June for interest calculation in adjustments stage.
June Paid the account payable to Katmandu Ltd within the discount period. Purchase Order No; received a discount when paid.
June Paid monthly rent to landlord of $ GST
June Sold merchandise for cash, $ GST PST
June Purchased keychain merchandise from Logan Ltd for cash, $ GST; INV
June Paid May st source deductions to the Canada Revenue Agency CRA for employee CPP EI Tax withheld. Payable to the Receiver General in May FS note.
June Sold snowboards on credit to Purdon Co for $ GST PST; Invoice No
June Received clothing merchandise on credit from Mountain CoOp at an invoice cost of $ GST; Purchase Order No
June Collected the account receivable from East Robson Inc. Invoice No
June Paid the account payable to Everest Company. Purchase Order No
June Returned merchandise purchased on account from Logan Ltd; amount $ GST invoice
June Received dividend revenue of $ from the heldfortrading, Google share investments bought.
June Paid May st PST payable to the Minister of Finance.
June Purchased heldfortrading shares of Ocean Electronics Inc. at $ per share.
June Paid May st GST payable to the Receiver General of Canada.
June Paid monthly salaries: gross earnings $ less; CPP $; EI $; Income taxes $ Remember to include employer portions of CPP and EI and $ for Worksafe BC premiums as well.
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