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Please help! Part A: Journal Entries and HST (22 marks) 1. Mr. E. Terry, an engineer, begins a small consulting business. The accounts for the
Please help!
Part A: Journal Entries and HST (22 marks) 1. Mr. E. Terry, an engineer, begins a small consulting business. The accounts for the firm are as follows. Bank A/R Various Office Supplies Office Furniture Automobile Equipment A/P Various HST Recoverable HST Payable E. Terry, Capital E. Terry, Drawings Fees Eamed Miscellaneous Expense Rent Expense Telephone Expense Journalize the following transactions, using the general journal lage below. Calculate and add the HST on all sales transactions. The rate for HST is 13%. Do not provide explanations. The next page number of the journal is 27. Transactions Using the general joumal page below. Calculate and add the HST OG all sales transactions. The rate for HST is 13%. Do not provide explanations. The next page number of the journal is 27. Transactions Jul. 3 Cheque Copy No. 105, Chambers Bros., payment for monthly rent $450 plus HST of $58.50, total $508.50. 5 Purchase Invoice From Glen Printing. $86.50 for office supplies plus HST of $11.25, total $97.75. 8 Sales Invoice No. 50 to J. Greenley, $250 for services performed, plus taxes. 10 Cash Receipt From R. Grieve, $200 payment on account. 18 Cash Sales Slip No. 100 to E. Webb, $85.50 plus taxes. 20 Cheque Copy No. 106 to E. Terry, $490 for personal use. Bank Debit Memo $25.00 for bank service charge. 29 Cheque Copy No. 107 to Star Blueprinting, $500 on account 29 Cheque Copy No. 108 to Municipal Telephone for payment of telephone bill, S200 plus HST of $26, total 5226. 24 DATE GENERAL JOURNAL PARTICULARS P.R. DEBIT CREDIT Step by Step Solution
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