please complete the ledger accounts

Question Chee Yong Chaw began his business on 1 July 2016. The business balances its books at month-end and uses special journals and the periodic invent Transactions for July 2016 were as follows July 1 Chae Yong Chaw invested 541,040 cash and $23,940 office equipment into the business July 2 Purchased inventory from L Cao on account for $10,200 plus GST. terms 2/15, n/20. Pald July rental of $4.100 plus GST: by interbank transfe Properties Lid July 3 Purchased Inventory from Difabio Ltd on account for $8,320 plus GST terme 30 Julyo Sold Inwentory to Ellis on account for $2,280 plus GST. terms 2/15, 9/30 July 7 Received July rental of $1,080 plus GST for space sublet to Porth Services July 8 Purchased stationery supplies for $2.280 plus GST: cheque no. 124. July Purchased inventory for cash $2,260 Plus GST. 10 July Soldirwentory to Gilda Ltd on account for $5,130 plus GST: terms 2/10,nyo. 13 July Purchased inventory from O Hee on account for S6,840 plus GST: terms 2/10, 7730 14 July Paid L Cao for 2 July purchase with an interbank transfer 15 July Received $2,458 from Ells in payment of her account Sold inventory to Kaddish on account for $5 240 plus GST, 2/10,n/30. July Received $5.520 from Giola Lad in payment of its account 21 Sold inwentory to Modra Lid on account for $4,100 plus GST terms 2/10, 1/30 July Paldo Hee for 14 July purchase, cheque no 125. 22 July Purchased Inventory from Cao on account for $6,270 plus GST terms 2/15/30 23 July Sold inventory for cash, 83,310 plus GST. 20 July Rutumed defective inventory that com $1,970 to L Cao 28 July Sold merchandise to Nii on account for $9,350 plus GST terms 2/10, 1/30 29 July Purchased merchandise from A Romeo on account for $2,050 plus GST, Derma 1/10, 1/30 30 Paid month's salary of office assistant, $3,050 by Interbank transfer 19 Peal cu ZYour answer has been saved and sent for grading See Gradebook for score details Prepare journal entries for July 2016, using appropriate joumais. (Credit account titles are automatically indented when the amount is entered. Do not i manually. Round answers to decimal places, ... 5.275.] Cash receipts journal Debits Credits Date Account rel. Cash at bank Diac. alla GST collect OST collect Aen lcable 2016 July 1 Capital 41040 July 7 Rentre July 19 Elit 2458 2505 July 21 Gioia Ltd 5530 3643 July 26 Sales 3641 3310 331 1133 103 10 53802 3310 331 8151 Cash payments journal ch e. Account Post ret Other Accis payable Purchases GST reale Cash at bank Direc'd - Pay 4100 410 4510 2280 228 250B Date 2016 July 2 Pantap July 8 Stationery exp 124 July 10 purchases July 15L.CO July 22 Hoe July 30 Salary exo 220 2406 Pay 71220 10996 204 125 V 7374 137 THE 3650 3050 10090 18744 864 31524 340 General journal has been saved and sent for grading See Gradebook for score details tries for July 2016, using appropriate joumais. (Credit account titles are automatically indented when the amount is entered. Do not indent nswers to decimal places, ... 5,275) Cash receipts journal Debits Credits Acount Post ref. Cashot bank Disc. alla GST collect GST collect Ales recable Chara Capital 41040 41040 Rent 1133 1030 Jels 25 06 5 2500 Giolas Ltd 5520 103 10 Sales 3641 3310 331 53802 15 3310 331 8151 42070 Cash payments journal chat Account . rel Other Ao/s payable Purchases GST recable Cash at bank Discrecid GST receivable - Pay 4100 4510 Stationery exp 124 2280 229 2500 Purchases 2200 220 2486 LCao Pay 11220 10996 204 20 O Hee 125 7524 7374 137 14 Salary exp 3650 10090 18744 2260 364 91524 340 34 General journal Particulars Debit Credit Office equipment 239.00 23940 C Y Cho capital Equipment contributed by owner) Accounts payable - Cao 1507 Purchases retums 1370 137 GST receivable Return of defective good Purchases journal Terms Account Petrel. Purchases GST Receivable Accounts Payable 1 Lu t 2/15/30 10200 1020 11220 Diablo Lid 8320 832 9152 Hee 2/10, 1/30 V 6540 634 LCao 2/15 n/30 6270 627 6897 A Romeo 1/10, 1/30 2050 205 2255 as been saved and sent for grading See Gradebook for score details tries for July 2016, using appropriate journals. (Credir account titles are automatically indented when the amount is entered. Do not indent wars to decimal placas, ag. 5,275) Cash receipts journal Debit Credits Account Post ref. Cash at bank Discald GST collect Sales GST collect A/es.reale Othera/es. Capital 41040 41040 Pentro 1199 1030 JE 2458 40 2500 Giola Lid 5530 103 10 5643 Sales 3641 3310 331 53802 149 3310 331 8151 42070 Cash payments journal chat Account noret Other Accis payable Purchases GST recable Cash at bank Discreed GST receivable Rent + BPay 4100 410 4510 Stationery exp. 124 2280 22B 2500 Purchase 2250 226 2486 LC30 BPay 11220 10996 204 o Hee 125 7524 7374 137 14 Salary esp TI 3550 3650 10000 18744 864 31524 340 34 General journal Particulars Debit Credit Office equipment 23940 23940 CY Chaw, capital (Equipment contributed by owner Accounts payable - Cao 1507 Purchases returns 1370 137 GST receivable (Rebum of defective goods) Purchases journal Terms Account Postrel. Purchases GST Receivable Accounts Payable LCO 2/15,90 10200 1020 11220 Difabio Lid 1/30 8320 832 9152 Ovee 2/10.10 1940 7524 LCBO 2/15.30 6270 627 6897 A Romeo 1/10.30 2050 205 CALCULATOR PRINTER VERSION BACK KETE 2/15/30 6270 627 6897 July 23 LCao July 30 a Romeo 1/10.n/30 2050 205 2265 33680 3358 37048 Sales journal Terms Account Post ret Sales GST payable Accounts receivable 2/15.1/30 2290 228 2508 Date 2016 July 6 Elis July 13 Giola Ltd July 19 Kaddish July 21 Modra Ltd July 29 Nike 2/10.n/30 5120 513 5643 2/10,n/30 5240 524 5764 2/10.n/30 4100 410 4510 2/10.n/30 9350 935 10285 26100 2610 28710 SHOW ANSWER Attempts: 1 of 1 used B. Prepare the following ledger accounts (T format) for July 2016 (Post entries in the order of journal entries presented in the previous part. Round an decimal places, eg. $.278.) Accounts receivable control 2016 2016 Accounts payable control 2016 2016 Cash at bank 2016 2016 Purchases 2016 2016 Question Chee Yong Chaw began his business on 1 July 2016. The business balances its books at month-end and uses special journals and the periodic invent Transactions for July 2016 were as follows July 1 Chae Yong Chaw invested 541,040 cash and $23,940 office equipment into the business July 2 Purchased inventory from L Cao on account for $10,200 plus GST. terms 2/15, n/20. Pald July rental of $4.100 plus GST: by interbank transfe Properties Lid July 3 Purchased Inventory from Difabio Ltd on account for $8,320 plus GST terme 30 Julyo Sold Inwentory to Ellis on account for $2,280 plus GST. terms 2/15, 9/30 July 7 Received July rental of $1,080 plus GST for space sublet to Porth Services July 8 Purchased stationery supplies for $2.280 plus GST: cheque no. 124. July Purchased inventory for cash $2,260 Plus GST. 10 July Soldirwentory to Gilda Ltd on account for $5,130 plus GST: terms 2/10,nyo. 13 July Purchased inventory from O Hee on account for S6,840 plus GST: terms 2/10, 7730 14 July Paid L Cao for 2 July purchase with an interbank transfer 15 July Received $2,458 from Ells in payment of her account Sold inventory to Kaddish on account for $5 240 plus GST, 2/10,n/30. July Received $5.520 from Giola Lad in payment of its account 21 Sold inwentory to Modra Lid on account for $4,100 plus GST terms 2/10, 1/30 July Paldo Hee for 14 July purchase, cheque no 125. 22 July Purchased Inventory from Cao on account for $6,270 plus GST terms 2/15/30 23 July Sold inventory for cash, 83,310 plus GST. 20 July Rutumed defective inventory that com $1,970 to L Cao 28 July Sold merchandise to Nii on account for $9,350 plus GST terms 2/10, 1/30 29 July Purchased merchandise from A Romeo on account for $2,050 plus GST, Derma 1/10, 1/30 30 Paid month's salary of office assistant, $3,050 by Interbank transfer 19 Peal cu ZYour answer has been saved and sent for grading See Gradebook for score details Prepare journal entries for July 2016, using appropriate joumais. (Credit account titles are automatically indented when the amount is entered. Do not i manually. Round answers to decimal places, ... 5.275.] Cash receipts journal Debits Credits Date Account rel. Cash at bank Diac. alla GST collect OST collect Aen lcable 2016 July 1 Capital 41040 July 7 Rentre July 19 Elit 2458 2505 July 21 Gioia Ltd 5530 3643 July 26 Sales 3641 3310 331 1133 103 10 53802 3310 331 8151 Cash payments journal ch e. Account Post ret Other Accis payable Purchases GST reale Cash at bank Direc'd - Pay 4100 410 4510 2280 228 250B Date 2016 July 2 Pantap July 8 Stationery exp 124 July 10 purchases July 15L.CO July 22 Hoe July 30 Salary exo 220 2406 Pay 71220 10996 204 125 V 7374 137 THE 3650 3050 10090 18744 864 31524 340 General journal has been saved and sent for grading See Gradebook for score details tries for July 2016, using appropriate joumais. (Credit account titles are automatically indented when the amount is entered. Do not indent nswers to decimal places, ... 5,275) Cash receipts journal Debits Credits Acount Post ref. Cashot bank Disc. alla GST collect GST collect Ales recable Chara Capital 41040 41040 Rent 1133 1030 Jels 25 06 5 2500 Giolas Ltd 5520 103 10 Sales 3641 3310 331 53802 15 3310 331 8151 42070 Cash payments journal chat Account . rel Other Ao/s payable Purchases GST recable Cash at bank Discrecid GST receivable - Pay 4100 4510 Stationery exp 124 2280 229 2500 Purchases 2200 220 2486 LCao Pay 11220 10996 204 20 O Hee 125 7524 7374 137 14 Salary exp 3650 10090 18744 2260 364 91524 340 34 General journal Particulars Debit Credit Office equipment 239.00 23940 C Y Cho capital Equipment contributed by owner) Accounts payable - Cao 1507 Purchases retums 1370 137 GST receivable Return of defective good Purchases journal Terms Account Petrel. Purchases GST Receivable Accounts Payable 1 Lu t 2/15/30 10200 1020 11220 Diablo Lid 8320 832 9152 Hee 2/10, 1/30 V 6540 634 LCao 2/15 n/30 6270 627 6897 A Romeo 1/10, 1/30 2050 205 2255 as been saved and sent for grading See Gradebook for score details tries for July 2016, using appropriate journals. (Credir account titles are automatically indented when the amount is entered. Do not indent wars to decimal placas, ag. 5,275) Cash receipts journal Debit Credits Account Post ref. Cash at bank Discald GST collect Sales GST collect A/es.reale Othera/es. Capital 41040 41040 Pentro 1199 1030 JE 2458 40 2500 Giola Lid 5530 103 10 5643 Sales 3641 3310 331 53802 149 3310 331 8151 42070 Cash payments journal chat Account noret Other Accis payable Purchases GST recable Cash at bank Discreed GST receivable Rent + BPay 4100 410 4510 Stationery exp. 124 2280 22B 2500 Purchase 2250 226 2486 LC30 BPay 11220 10996 204 o Hee 125 7524 7374 137 14 Salary esp TI 3550 3650 10000 18744 864 31524 340 34 General journal Particulars Debit Credit Office equipment 23940 23940 CY Chaw, capital (Equipment contributed by owner Accounts payable - Cao 1507 Purchases returns 1370 137 GST receivable (Rebum of defective goods) Purchases journal Terms Account Postrel. Purchases GST Receivable Accounts Payable LCO 2/15,90 10200 1020 11220 Difabio Lid 1/30 8320 832 9152 Ovee 2/10.10 1940 7524 LCBO 2/15.30 6270 627 6897 A Romeo 1/10.30 2050 205 CALCULATOR PRINTER VERSION BACK KETE 2/15/30 6270 627 6897 July 23 LCao July 30 a Romeo 1/10.n/30 2050 205 2265 33680 3358 37048 Sales journal Terms Account Post ret Sales GST payable Accounts receivable 2/15.1/30 2290 228 2508 Date 2016 July 6 Elis July 13 Giola Ltd July 19 Kaddish July 21 Modra Ltd July 29 Nike 2/10.n/30 5120 513 5643 2/10,n/30 5240 524 5764 2/10.n/30 4100 410 4510 2/10.n/30 9350 935 10285 26100 2610 28710 SHOW ANSWER Attempts: 1 of 1 used B. Prepare the following ledger accounts (T format) for July 2016 (Post entries in the order of journal entries presented in the previous part. Round an decimal places, eg. $.278.) Accounts receivable control 2016 2016 Accounts payable control 2016 2016 Cash at bank 2016 2016 Purchases 2016 2016