P13-4C. Alex Yeoman Painting Co.of YellowKnife uses a purchases journal (page21) and a general journal(page 32) to record the following transactions.The GST rate is 5%. (data from page 21)

(data from page 32)

The paint store has decided to keep a separate column for the purchases of upplies in the purchazes journals and also has a separate column for GST.The account balances as of August 1, 2021 are as follows:

Journalizing, recording and posting a purchaces journal with GST, as well as recordinv the issuing of a debit memorandum and preparing a schedule of accounts payable. Check figure total of schedule of accoubts payable $22,053.15 Required: a.Journalize the transactions. b.Post and record as appropriate. c. Prepare a schedule of accounts payabld as of August 31,2021

CATHERINE HALL, Barrister and Solicitor INCOME STATEMENT FOR THE MONTH ENDED SEPTEMBER 30, 2022 Chapter 1 Accou... MP Answer true or false to the following statements: 1. Cash is a liability. 2. Office Equipment is an asset. 3. Accounts Payable is listed under assets 4. Capital is listed under liabilities under the section called equity. 5. A heading of a financial report is required to have a date or period 3 Purchased paint supplies for resale from European Import Paint Co., invoice No. 653 , dated August 2, terms net 15 days, $1,362 plus GST. 7 Purchased merchandise on account from Rob Co., invoice No. 250 , dated August 7 , terms 2/10,n/60,$920, plus GST. 10 Purchased merchandise on account from RJ Co., invoice No. 1124, dated August 7, terms 1/10,n/60,$1,626, plus GST. 13 Purchased store supplies on account from Garret Co., invoice No. 712 , dated August 13,$2,680, plus GST. 14 Issued debit memo No. 8 to Rob Co. for merchandise returned, $160, plus GST, from invoice No. 250. 17 Purchased office equipment on account from Reliant Co., invoice No. 873, dated August 14, \$2,610, plus GST. 24 Purchased additional store supplies on account from Garret Co., invoice No. 816 , dated August 24 , terms 2/10,n/30,$725, plus GST. 28 Purchased paint for resale from European Import Paint Co., invoice No. 713 , dated August 27 , terms net 15 days, $2,740, plus GST. Accounts Payable Subsidiary Ledger NameRobCo.EuropeanImportRJCo.GarretCo.ReliantCo.Balance$8403,2551,5755252,730 Partial General Ledger