Melody’s Super Shoe Store.

 

A.        Enter the Transactions

B.        Post the Transactions

C.        Make a Trial Balance

D.        Make an Income Statement

E.         Make a Balance Sheet

 

Transactions :

September 

1.Melody deposited a cheque of $20,000 in the bank to start her shoe business

3. Bought office supplies on account from Huni, $350 plus HST of $45.50, total $395.50

5. Purchased shoes from Eric on account, $5,000 plus HST of $650, total $5,650. Paid $100 plus HST $13 for freight in, total $113

5. Purchased shoes from Suan on account, $6,000 plus HST $780, Total $6,780. Paid $100 plus HST $13, total $113 for freight in

9. Bought furniture and fixtures for shop from Alan for $1,200. Paid for half through cheque the rest on account

10. Sold shoes on account to Thomas, $1,500 plus HST $195, Total $1,695

11. Melody took $1000 of shoes for personal use

12. Returned to Eric defective shoes worth $300 and to Suan worth $200

15. Benjamin did repair work on office music system on account, $1,400 plus HST $182, total 1,582

16. Bought equipment from Elaine on account for $1,200 plus HST $156, total $1,356

18. Paid Eric by cheque $3,000 on account

18. Paid Melody for incurring out of pocket expenses for office, postage $20 plus HST $2.60, courier $30 plus HST $3.90, gasoline and oil for office purposes $150 plus HST $19.50; total $226

19. Received a memo from bank stating that $125 had been deducted from business bank account to pay for interest charges

19. Paid Owen $800 for part time wages

19. Sold shoes to Becky on account $1,000 plus HST $130 total $1,130

22. Thomas returned shoes for defects worth $200

24. Paid Julia for the phone bill $200 plus HST $26, total $226

25. Received a cheque from Thomas on account

26. Gave a cheque to Melody for personal use $1,250

29. Memo from Melody that she paid $190 plus HST $24.70, total $214.70 for office supplies and that her Drawings account should be  Credited

30. Paid Owen for more part time wages $800

30. Paid Benjamin $800 on account

30. Bought and paid by cheque to Kate for computer and printer $1,800  plus HST $234, total $2,034

 

October

1.  Sold shoes to Lucas for $3,000 plus HST $390, total $3,390. Lucas paid $2,000 in cash the rest on account

3. Paid rent for the month to Joy $2,000 plus HST $269, total $2,260

6. Sold shoes to Yoomin $3,000 plus HST $390. He paid half by cheque  and half on account

10. Paid Suan on account

12. Paid Ivor $250 plus HST $32.50 for utilities

14. Purchased shoes from Suan $2,000 plus HST $269, total $2,260.

      Paid $1,200 by cheque rest on account

15. Sold shoes to Jeff R for $2,500 plus HST $325, total $2,825, Ramage paid half by cheque rest on account