Operation with taxes

Instruction

You are doing the accounting for a nautical business, specialize in boat rental

1.Journalize each transaction

2.Post to the ledger accounts

3.trial balance

Accounts chart

Cash1001Accounts payable2001

Accounts receivable1002TPS to pay2002

Equipment1003TVQ to pay2003

Insurance prepaid1004Revenue4001

Supply1005Reparation expense5001

TPS to receive1006

TVQ to receive1007

DATE

TRANSACTIONS

01-04-2020

Issued check 102 for 3500$ as payment on account

05-04-2020

Purchased nautical equipment for 1250$ + taxes, invoice 3365, payable in 30 days

07-04-2020

Purchased supplies for 695$ + taxes, invoice 589, paid by check 101

10-04-2020

Issued check 103 for 500$ + taxes for the reparation of a boat, invoice 4456

14-04-2020

Issued invoice 87 for a boat rental; 850$ + taxes on account

21-04-2020

Issued invoice 88 for a boat rental; 350$ + taxes, paid cash

22-04-2020

Returned supplies from invoice 589, for an amount of 95$ + taxes

23-04-2020

Issued check 104 for the payment of the invoice 3365

31-08-2020

Issued invoice 89 for a boat rental; 1200$ + taxes on account