P13-3C.Kylie Henderson owns and operates Rarity Collectibles Shop in St.John's.(In the Excel templates in Mylab Accounting balances as of January 1 are provided for the accounts receivable and general ledger accounts).In this province ,it is necessary to add HST of 13% to the sales total to arrive at the final invoice amount.The following transactions occured in January:

comprehensive problem:using HST in recording transactions in sales,cash receipts and general journals,recording the accounts receivablesub-ledger and posting to the general ledger;and preparing a scheduke of accounts receivable

Check figure Schedule of accounts Receivable $14 371.34

2 Kylie Henderson invested $42,000 in the business. 3 Sold $2,600 worth of merchandise (plus HST) on account to Starcraft Reproductions, sales invoice No. 344 , terms 2/10,n/30. Cost of inventory was $1,950. 6 Sold $3,200 worth of merchandise (plus HST) on account to Burgess Fancys, sales invoice No. 345 , terms 2/10,n/30. Cost of inventory was $2,400. 8 Sold $3,800 worth of merchandise (plus HST) on account to Hard-To-Find Co., sales invoice No. 346 , terms 2/10,n/30. Cost of inventory was $2,850. 10 Received cash from Starcraft Reproductions in payment of January 3 transaction, sales invoice No. 344, less discount. 14 Sold \$2,480 worth of merchandise (plus HST) on account to 14 Sold $2,480 worth of merchandise (plus HST) on account to Georgina's Collections, sales invoice No. 347 , terms 2/10,n/30. Cost of inventory was $1,860. 16 Received cash payment from Burgess Fancys in payment of January 6 transaction, sales invoice No. 345 . 17 Charged cash sales, $4,125 plus HST. Cost of inventory was $3,093.75. 20 Issued credit memorandum No. 10 to Georgina's Collections for $500 worth of merchandise (plus HST) returned from January 14 sales on account. Inventory was not returned to stock. 21 Received cash from Georgina's Collections in payment of January 14 sales invoice No. 347. (Don't forget about the credit memo, HST, and discount) 24 Charged cash sales, $4,720, plus HST. Cost of inventory was $3,540. 27 Sold merchandise priced at $6,000 (plus HST) on account to Perfect Sales Co, sales invoice No. 348 , terms 2/10,n/30. Cost of inventory was $4,500. sales on account. Inventory was not returned to stock. 21 Received cash from Georgina's Collections in payment of January 14 sales invoice No. 347. (Don't forget about the credit memo, HST, and discount.) 24 Charged cash sales, $4,720, plus HST. Cost of inventory was $3,540. 27 Sold merchandise priced at $6,000 (plus HST) on account to Perfect Sales Co., sales invoice No. 348, terms 2/10,n/30. Cost of inventory was $4,500. 31 Issued credit memorandum No. 11 to Perfect Sales Co. for $1,200 (plus HST) of merchandise returned from January 27 transaction, sales invoice No. 348. Cost of inventory returned was $900. SAI EF C IOIIRNAI CASH RECEIPTS JOURNAL FEAstnat Indindat FEAstnat Indindat FEAstnat Indindat FEAstnat Indindat FEAstnat Indindat FEAstnat Indindat FEAstnat Indindat FEAstnat Indindat FEAstnat Indindat FEAstnat Indindat FEAstnat Indindat FEAstnat Indindat FEAstnat Indindat 4. Date: GENERAL JOURNAL 16 NAME: GEORGINA'S COLLECTIONS 17 ADDRESS: 188 FOREST HILL ROAD, ST. JOHNS, NF A1C 5H1 ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER NAME: BURGESS FANCYS ADDRESS: 177 PORIMOUTH CRFS ST INHNS NF A1C NS1 NAME PERFECT SA.ES CO MAME STARCRAFT REPRODUCTIONS AWDAFSS 17 HIII HIIRST CRFSC ST UOHINS. NF A1C OPA SCHEDULE OF ACCOUNTS RECEIVABLE GENERAL LEDGER INVENTORY AB Ledger Schedule of AR Ledger (1) KYI IF HENDER SAN CADITAI SALES DISCOUNTS ACCOUNT NO. 402