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P13-25. John Van Wyk owns Van Wyk's Tractor Shop in Bathurst. (In the Excel templates in MyLab Accounting balances as of April 1 are provided

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P13-25. John Van Wyk owns Van Wyk's Tractor Shop in Bathurst. (In the Excel templates in MyLab Accounting balances as of April 1 are provided for the accounts receivable and general ledger accounts.) In John's province, it is necessary to add HST of 13% to the sales total to arrive at the final invoice amount. The following transactions occurred in April. (Note: cost of inventory is calculated a d at 70% of sales.) 2023 Apr. John Van Wyk invested an additional $14,000 in the business 4 Sold $800 worth of merchandise (plus HST at 13%) on account to Connor Co, sales invoice No 614, terms 2/10,6/30. 4 Sold $1,600 worth of merchandise (plus HST) on account to R. Langley, sales invoice No. 615, terms 2/10, 1/30. 8 Sold $600 worth of merchandise (plus HST) on account to J. Fellowes, sales invoice No 616, terms 2/10, 1/30. 11 Received cash from Connor Co in payment of April 4 transac- tion, sales invoice No. 614, less discount (pre-HST amount). 14 Sold $3,000 worth of merchandise (plus HST) on account to Reanne Co, sales invoice No. 617, terms 2/10, 1/30. 18 Received cash payment from R. Langley in payment of April 4 transaction, sales invoice No. 615. 18 Charged cash sales, $2,500 (plus HST). 21 Issued credit memorandum No 101 to Reanne Co for $900 (plus HST) of merchandise returned from April 14 sales on account. Merchandise was defective, so it was not returned to inventory 21 Received payment from Jaiden Parker of the amount due from the previous month, $904.00 21 Received cash from Reanne Co in payment of April 14 sales invoice No. 617. (Don't forget the credit memo, HST, and discount) 22 Charged cash sales, $3,200 plus HST. 25 Sold merchandise priced at $6,000 (plus HST) on account to Jaiden Parker, sales invoice No. 618, terms 2/10,n/30 29 Issued credit memorandum No. 102 to Jaiden Parker for $1,000 worth of merchandise (plus HST) returned from April 25 transac- tion, sales invoice No 618. Cost of inventory returned was $700

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