Please help with the following

Part 1 [70 points) El Consulting Inc is a small computer consulting business. The company in organized as a corporation and provides consulting services computer system instalations and custom program development. Este Consulting in showed the following alphabetized pool closing treat February 28, 2014 Accounts payable Accounts receivable Amed depresion building Building Cash Recained earnings Share capa 24,500 102.000 4,000 50 107 500 T1000 119.500 Note There were 4.000 sharessed and outstanding on February 28, 2014 Depreciation on the bulding is 5600 per month . El Consulting in taries expenses a total of 5700 per day for each work day (Monday-Friday the month formality, please ready to day The following source documents from March Depo Marth) Clice COM 12 CIP46 Home he RX COM Com Gw XV20 a) Analyze each of the preceding source documents and prepare journal entre using this information only. Note that some so domes may notrannby. Also, we recorded in tre journal on the day they are received Enter an appropriate description when entering the actions in the journal Dates must be entered in the formaty would be scan Ganario Page 1 Generalne Hege Deposit slip (March 1) IR XYZCo 5741 Exchange Avenue Ottawa, Ontario G5S 509 Elite Consulting Inc. 1016 Falton Avenue Ottawa, Ontario FOR 507 Date: March 1, 2014 Account No.: 9440 Cash Cheques (re: 1,000 shares issued today) $30,000 Total Deposits $30,000 urce documents may not require an entry. Also, all bills are recorded in must be entered in the format ddimmm(ie January 15 would be 15/Jan), Inter-Office Memo 1 Date: March 1, 2014 From: Adam Uppe To: Office Assistant Subject: Cash Disbursement Please write a cheque to EastCo in the amount of $2,400. This iting will pay for insurance for the next 12 months. Thanks Adam Uppe Simpl source documents may not require an entry. Also, all bills are recorded in os must be entered in the format dd/mmm (0. January 15 would be 15/Jan), delete- Reading List Purchase Order 5948 Elite Consulting Inc. 1016 Falton Avenue Ottawa, Ontario F9R 507 Date: March 2, 2014 PO No: 5948 Vendor: Judith's Computers itin 2452 21 Street Ottawa, Ontario L7X 417 Ship To: Elite Consulting Inc. 1016 Falton Avenue Ottawa, Ontario F9R 507 Item No. Ordered Description Unit Total Price COM357 1 $22,800 $22,800 Computers Estimated useful life 10 years Estimated residual value: $2,520 simpl Sub Total $22,800 CL source documents may not require an entry. Also, all bills are recorded in es must be entered in the format ddimommie January 15 would be 15 Jan) 0 Receipt 3631 Elite Consulting Inc. 1016 Falton Avenue Ottawa, Ontario F9R 507 Date: March 3, 2014 Receipt No.: 3631 Customer: Trexco ulting 1656 Sesame Trail Ottawa, Ontario P9Q 4F4 Rep: Dallas Glynn Unit Price Total Qty Description 10 Ongoing consulting regarding security, per month. To begin immediately and end December 31, 2014 $1,300 $13,000 simpl Total: $13,000 Pald: $13,000 Balance Duo SO ne source documents may not require an entry. Also, all bills are recorded in ates must be entered in the format dd/mmm (ieJanuary 15 would be 15 Jan) 12 P Invoice 911 Judith's Computers 2452 21 Street Ottawa, Ontario L7X 4T7 Date: March 4, 2014 Invoice No.: 911 Customer: Elite Consulting Inc ulting 1016 Falton Avenue Ottawa, Ontario F9R 507 Rep: Adam Uppe PO No.: 5948 Qty Description Unit Total Price $22,800 $22,800 1 Computers as ordered on March 2 2014. Estimated useful life - 10 years Estimated residual value $2,520. simpl Sub- Total: $22,800 Freight 0 ne source documents may not require an entry. Also, all bills are recorded in ates must be entered in the format dd/ mm (ie: January 15 would be 15/Jan) uy 3. 0 Elite Consulting Inc. 1016 Falton Avenue Ottawa, Ontario FOR 507 Invoice $891 Date: March 11, 2014 Invoice No.: 9891 Customer: XYZCo sulting 8951 55 Street Ottawa, Ontario U1D 155 Rep: Shawna Cameron PO No.: Verbal Qty Description Total Unit Price $116 $928 $116 $928 8 Initial consultation to determine new program requirements, per hour 8 Follow-up consultation to confirm proposed program specification, per hour 40 System wide testing on new program per hour 24 Training on new computer software, per hour $116 $4,640 $116 $2,784 for simple some source documents may not require an entry. Also, all bills are recorded in Dates must be entered in the format dd/mmm (e. January 15 would be 15/Jan) J2 0 IP Elite Consulting Inc. 1016 Falton Avenue Ottawa, Ontario F9R 507 Receipt 3632 Date: March 14, 2014 Receipt No.: 3632 Customer Northco ulting 12287 80 Avenue Ottawa, Ontario CBA 6H3 Rep: Linda Champion Invoice No: Verbal Qty Description 3 Troubleshooting, per hour Unit Price Total $116 $348 Total: $348 Paid: $348 Balance Due SO simpl ne source documents may not require an entry. Also, all bills are recorded in Dates must be entered in the format dd/mmm (ie, January 15 would be 15 Jan) 12 E 9 0 P Receipt from Jan's Diner Jan's Diner 2853 28 Street Ottawa, Ontario 495-4584 Check #: 764653 ensulting Server: Avery Date: March 15, 2014 Time: 12:57 Table: 28 3 Coffee 3 Pizza, hawaiian 2 Steak sandwich 6.00 33.00 26.00 Total: $55,00 Cash Received: $65.00 Thank you for dining with us! for simpl some source documents may not require an entry. Also all bills are recorded in al. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan Gu2 U 0 Elite Consulting Inc. 1016 Falton Avenue Ottawa, Ontario FOR 507 Invoice 9892 Date: March 17, 2014 Invoice No. 9892 Customer: Northco nsulting 8522 39 Street Ottawa, Ontario GEC 3GB Rep: Susan Montgomery PO No.: Verbal Qty Description Unit Total Price $72 $6,912 96 Follow-up consultation to confirm proposed program specification, per hour 72 System wide testing on new program, per hour $72 $5,184 (for simpl Sub Total $12,096 some source documents may not require an entry. Also, all bills are recorded in al Dates must be entered in the format ddimmie January 15 would be 15 an) De G12 9 0 D El Headno Inter-Office Memo 2 Date: March 20, 2014 From: Adam Uppe To: Office Assistant Subject: New Hire Hector Mendez has accepted our job offer and will begin consulting employment with us on April 1. Please get everything ready for that date Thanks Adam Uppe th (for simple some source documents may not require an entry. Also all bills are recorded in nal Dates must be entered in the format ddim (ie. January 15 would be 15 Jan) ge G2 9 0 P Reading List Ottawa Power B Ottawa Power Customer Name: Elite Consulting Inc. 12000 77 Avenue Account No.: 3045953 Ottawa, Ontario K9X 4N2 Service Period: 01/Mar - 22/Mar Invoice Date: March 22, 2014 Previous Charges Litind Previous balance forward $500 Payment on February 28 $-500 Total previous charges $0 Current Charges Water and sewage Natural Gas Electricity Total current charges $300 $250 $50 $600 Amount Due: $600 er simpl me source documents may not require an entry. Also, al bills are recorded in Dates must be entered in the format ddimmme January 15 would be 15Jan 0 FX Elite Consulting Inc. 1016 Falton Avenue Ottawa, Ontario FOR 507 Receipt 3634 Date: March 23, 2014 Receipt No.: 3634 Customer: Northco sulting 8522 39 Street Ottawa, Ontario G6C 3G8 Rep: Susan Montgomery Unit Price Total SO Qty Description Balance forward 1 Invoice #9892 (on March 17, 2014) $12,096 $12,096 Total: $12,096 Paid: $12,096 Balance Due SO for simpl some source documents may not require an entry. Also, all bills are recorded in Dates must be entered in the format ddimme January 15 would be 15/Jan) ge 2 OS XT Inter-Office Mero 3 Date: March 25, 2014 From: Adam Uppe To: Office Assistant Subject: Cash Disbursement Please prepare a cheque for salaries owed to employees for the ulting period March 1 to March 25. Thanks. Adam Uppe or simpl me source documents may not require an entry. Also, all bills are recorded in Dates must be entered in the format ddimmm( January 15 would be 15.Jan GU 0 Elite Consulting Inc. 1016 Falton Avenue Ottawa, Ontario FOR 507 Receipt 3633 Date: March 29, 2014 Receipt No.: 3633 Customer: Eastco sulting 4899 Exchange Avenue Ottawa, Ontario G8K 708 Rep Travis Goodall Invoice No.: Verbal Qty Description 8 Instructional seminar, per hour Unit Price Total $72 $576 Total: $576 Paid: $576 Balance Due: $0 for simpl some source documents may not require an entry. Also, all bills are recorded in Dates must be entered in the format dd mmm (January 15 would be 15/Jan) GA Reading Customer Statement for XYZCO Elite Consulting Inc. 1016 Falton Avenue Ottawa, Ontario Date: March 31, 2014 F9R 507 Customer: XYZC0 sulting 8951 55 Street Ottawa, Ontario U1D 185 Date Description March 1 Balance forward March 11 Invoice #9891 Amount Balance $0 $9.280 $9,280 Amount Due: $9,280 (for simple some source documents may not require an entry. Also, all bills are recorded in Dates must be entered in the format didimem January 15 would be 15.jan) 32 P Inter-Office Memo 4 Date: March 31, 2014 From: Adam Uppe To: Office Assistant Subject: Cash Disbursement Please prepare a cheque to pay the Ottawa Power bill received sulting on March 22 Thanks, Adam Uppe (for simpl some source documents may not require ancestry. Also, sare corded in Dates must be entered in the format domme. January 15 would be 156) GUZ 0 P: El Reading List Inter-Office Memo 5 Date: March 31, 2014 From: Adam Uppe To: Office Assistant Subject: Cash Disbursement Please prepare a cheque to pay dividends of $0.18 per share to sulting shareholders of record on today's date. Thanks, Adam Uppe for simpl some source documents may not require an entry. Also, 35 bis are recorded in 1. Dates must be entered in the format ddim (e. January 15 would be 15Jan) 0 2 Reading List Receipt 2954 Date: March 31, 2014 Receipt No.: 2954 Joseph's Repair Services 7741 Falton Trail Ottawa, Ontario T2Y 8T3 Customer Elite Consulting Inc. nsulting 1016 Falton Avenue Ottawa, Ontario FOR 507 Rep: Adam Uppe aty Description 1 Repairs to building Unit Price Total 5900 5900 Total 1 $900 Paid: $900 Balance Due SO for simpl some source documents may not require an entry. Also, all bits are recorded in hal Dates must be entered in the format dimmm (January 15 would be 15 Jan 9 J2 o P Erading Inter-Office Muro 6 Date: March 31, 2014 From: Adam Uppe To: Office Assistant Subject: Cash Disbursement Please prepare a cheque to City of Ottawa in the amount of $900. des consulting This will pay for this month's property taxes expense. 4 Thanks, Adam Uppe month for simpl Vous that some source documents may not require an entry. Also allbils are recorded in Shemal Dates must be entered in the form January 15 would be a Page 12 9 0 P K retum Heading List Recent from Harold's Diner Harold's Diner 2611 Franklin Place Ottawa, Ontario 208-1547 Check #464934 sulting Server: Kimberly Table: 42 Date: March 31, 2014 Time: 12:57 3 Pop 2 Club sandwich 3 Hamburger 9.00 18.00 21.00 Total: $48.00 Cash Received: $48.00 Thank you for dining with us! for simple some source documents may not require an entry. Also a bills are corded in 2 Dates must be entered in the format ddim January 15 would be 15 2 0 o P K Part 1 [70 points) El Consulting Inc is a small computer consulting business. The company in organized as a corporation and provides consulting services computer system instalations and custom program development. Este Consulting in showed the following alphabetized pool closing treat February 28, 2014 Accounts payable Accounts receivable Amed depresion building Building Cash Recained earnings Share capa 24,500 102.000 4,000 50 107 500 T1000 119.500 Note There were 4.000 sharessed and outstanding on February 28, 2014 Depreciation on the bulding is 5600 per month . El Consulting in taries expenses a total of 5700 per day for each work day (Monday-Friday the month formality, please ready to day The following source documents from March Depo Marth) Clice COM 12 CIP46 Home he RX COM Com Gw XV20 a) Analyze each of the preceding source documents and prepare journal entre using this information only. Note that some so domes may notrannby. Also, we recorded in tre journal on the day they are received Enter an appropriate description when entering the actions in the journal Dates must be entered in the formaty would be scan Ganario Page 1 Generalne Hege Deposit slip (March 1) IR XYZCo 5741 Exchange Avenue Ottawa, Ontario G5S 509 Elite Consulting Inc. 1016 Falton Avenue Ottawa, Ontario FOR 507 Date: March 1, 2014 Account No.: 9440 Cash Cheques (re: 1,000 shares issued today) $30,000 Total Deposits $30,000 urce documents may not require an entry. Also, all bills are recorded in must be entered in the format ddimmm(ie January 15 would be 15/Jan), Inter-Office Memo 1 Date: March 1, 2014 From: Adam Uppe To: Office Assistant Subject: Cash Disbursement Please write a cheque to EastCo in the amount of $2,400. This iting will pay for insurance for the next 12 months. Thanks Adam Uppe Simpl source documents may not require an entry. Also, all bills are recorded in os must be entered in the format dd/mmm (0. January 15 would be 15/Jan), delete- Reading List Purchase Order 5948 Elite Consulting Inc. 1016 Falton Avenue Ottawa, Ontario F9R 507 Date: March 2, 2014 PO No: 5948 Vendor: Judith's Computers itin 2452 21 Street Ottawa, Ontario L7X 417 Ship To: Elite Consulting Inc. 1016 Falton Avenue Ottawa, Ontario F9R 507 Item No. Ordered Description Unit Total Price COM357 1 $22,800 $22,800 Computers Estimated useful life 10 years Estimated residual value: $2,520 simpl Sub Total $22,800 CL source documents may not require an entry. Also, all bills are recorded in es must be entered in the format ddimommie January 15 would be 15 Jan) 0 Receipt 3631 Elite Consulting Inc. 1016 Falton Avenue Ottawa, Ontario F9R 507 Date: March 3, 2014 Receipt No.: 3631 Customer: Trexco ulting 1656 Sesame Trail Ottawa, Ontario P9Q 4F4 Rep: Dallas Glynn Unit Price Total Qty Description 10 Ongoing consulting regarding security, per month. To begin immediately and end December 31, 2014 $1,300 $13,000 simpl Total: $13,000 Pald: $13,000 Balance Duo SO ne source documents may not require an entry. Also, all bills are recorded in ates must be entered in the format dd/mmm (ieJanuary 15 would be 15 Jan) 12 P Invoice 911 Judith's Computers 2452 21 Street Ottawa, Ontario L7X 4T7 Date: March 4, 2014 Invoice No.: 911 Customer: Elite Consulting Inc ulting 1016 Falton Avenue Ottawa, Ontario F9R 507 Rep: Adam Uppe PO No.: 5948 Qty Description Unit Total Price $22,800 $22,800 1 Computers as ordered on March 2 2014. Estimated useful life - 10 years Estimated residual value $2,520. simpl Sub- Total: $22,800 Freight 0 ne source documents may not require an entry. Also, all bills are recorded in ates must be entered in the format dd/ mm (ie: January 15 would be 15/Jan) uy 3. 0 Elite Consulting Inc. 1016 Falton Avenue Ottawa, Ontario FOR 507 Invoice $891 Date: March 11, 2014 Invoice No.: 9891 Customer: XYZCo sulting 8951 55 Street Ottawa, Ontario U1D 155 Rep: Shawna Cameron PO No.: Verbal Qty Description Total Unit Price $116 $928 $116 $928 8 Initial consultation to determine new program requirements, per hour 8 Follow-up consultation to confirm proposed program specification, per hour 40 System wide testing on new program per hour 24 Training on new computer software, per hour $116 $4,640 $116 $2,784 for simple some source documents may not require an entry. Also, all bills are recorded in Dates must be entered in the format dd/mmm (e. January 15 would be 15/Jan) J2 0 IP Elite Consulting Inc. 1016 Falton Avenue Ottawa, Ontario F9R 507 Receipt 3632 Date: March 14, 2014 Receipt No.: 3632 Customer Northco ulting 12287 80 Avenue Ottawa, Ontario CBA 6H3 Rep: Linda Champion Invoice No: Verbal Qty Description 3 Troubleshooting, per hour Unit Price Total $116 $348 Total: $348 Paid: $348 Balance Due SO simpl ne source documents may not require an entry. Also, all bills are recorded in Dates must be entered in the format dd/mmm (ie, January 15 would be 15 Jan) 12 E 9 0 P Receipt from Jan's Diner Jan's Diner 2853 28 Street Ottawa, Ontario 495-4584 Check #: 764653 ensulting Server: Avery Date: March 15, 2014 Time: 12:57 Table: 28 3 Coffee 3 Pizza, hawaiian 2 Steak sandwich 6.00 33.00 26.00 Total: $55,00 Cash Received: $65.00 Thank you for dining with us! for simpl some source documents may not require an entry. Also all bills are recorded in al. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan Gu2 U 0 Elite Consulting Inc. 1016 Falton Avenue Ottawa, Ontario FOR 507 Invoice 9892 Date: March 17, 2014 Invoice No. 9892 Customer: Northco nsulting 8522 39 Street Ottawa, Ontario GEC 3GB Rep: Susan Montgomery PO No.: Verbal Qty Description Unit Total Price $72 $6,912 96 Follow-up consultation to confirm proposed program specification, per hour 72 System wide testing on new program, per hour $72 $5,184 (for simpl Sub Total $12,096 some source documents may not require an entry. Also, all bills are recorded in al Dates must be entered in the format ddimmie January 15 would be 15 an) De G12 9 0 D El Headno Inter-Office Memo 2 Date: March 20, 2014 From: Adam Uppe To: Office Assistant Subject: New Hire Hector Mendez has accepted our job offer and will begin consulting employment with us on April 1. Please get everything ready for that date Thanks Adam Uppe th (for simple some source documents may not require an entry. Also all bills are recorded in nal Dates must be entered in the format ddim (ie. January 15 would be 15 Jan) ge G2 9 0 P Reading List Ottawa Power B Ottawa Power Customer Name: Elite Consulting Inc. 12000 77 Avenue Account No.: 3045953 Ottawa, Ontario K9X 4N2 Service Period: 01/Mar - 22/Mar Invoice Date: March 22, 2014 Previous Charges Litind Previous balance forward $500 Payment on February 28 $-500 Total previous charges $0 Current Charges Water and sewage Natural Gas Electricity Total current charges $300 $250 $50 $600 Amount Due: $600 er simpl me source documents may not require an entry. Also, al bills are recorded in Dates must be entered in the format ddimmme January 15 would be 15Jan 0 FX Elite Consulting Inc. 1016 Falton Avenue Ottawa, Ontario FOR 507 Receipt 3634 Date: March 23, 2014 Receipt No.: 3634 Customer: Northco sulting 8522 39 Street Ottawa, Ontario G6C 3G8 Rep: Susan Montgomery Unit Price Total SO Qty Description Balance forward 1 Invoice #9892 (on March 17, 2014) $12,096 $12,096 Total: $12,096 Paid: $12,096 Balance Due SO for simpl some source documents may not require an entry. Also, all bills are recorded in Dates must be entered in the format ddimme January 15 would be 15/Jan) ge 2 OS XT Inter-Office Mero 3 Date: March 25, 2014 From: Adam Uppe To: Office Assistant Subject: Cash Disbursement Please prepare a cheque for salaries owed to employees for the ulting period March 1 to March 25. Thanks. Adam Uppe or simpl me source documents may not require an entry. Also, all bills are recorded in Dates must be entered in the format ddimmm( January 15 would be 15.Jan GU 0 Elite Consulting Inc. 1016 Falton Avenue Ottawa, Ontario FOR 507 Receipt 3633 Date: March 29, 2014 Receipt No.: 3633 Customer: Eastco sulting 4899 Exchange Avenue Ottawa, Ontario G8K 708 Rep Travis Goodall Invoice No.: Verbal Qty Description 8 Instructional seminar, per hour Unit Price Total $72 $576 Total: $576 Paid: $576 Balance Due: $0 for simpl some source documents may not require an entry. Also, all bills are recorded in Dates must be entered in the format dd mmm (January 15 would be 15/Jan) GA Reading Customer Statement for XYZCO Elite Consulting Inc. 1016 Falton Avenue Ottawa, Ontario Date: March 31, 2014 F9R 507 Customer: XYZC0 sulting 8951 55 Street Ottawa, Ontario U1D 185 Date Description March 1 Balance forward March 11 Invoice #9891 Amount Balance $0 $9.280 $9,280 Amount Due: $9,280 (for simple some source documents may not require an entry. Also, all bills are recorded in Dates must be entered in the format didimem January 15 would be 15.jan) 32 P Inter-Office Memo 4 Date: March 31, 2014 From: Adam Uppe To: Office Assistant Subject: Cash Disbursement Please prepare a cheque to pay the Ottawa Power bill received sulting on March 22 Thanks, Adam Uppe (for simpl some source documents may not require ancestry. Also, sare corded in Dates must be entered in the format domme. January 15 would be 156) GUZ 0 P: El Reading List Inter-Office Memo 5 Date: March 31, 2014 From: Adam Uppe To: Office Assistant Subject: Cash Disbursement Please prepare a cheque to pay dividends of $0.18 per share to sulting shareholders of record on today's date. Thanks, Adam Uppe for simpl some source documents may not require an entry. Also, 35 bis are recorded in 1. Dates must be entered in the format ddim (e. January 15 would be 15Jan) 0 2 Reading List Receipt 2954 Date: March 31, 2014 Receipt No.: 2954 Joseph's Repair Services 7741 Falton Trail Ottawa, Ontario T2Y 8T3 Customer Elite Consulting Inc. nsulting 1016 Falton Avenue Ottawa, Ontario FOR 507 Rep: Adam Uppe aty Description 1 Repairs to building Unit Price Total 5900 5900 Total 1 $900 Paid: $900 Balance Due SO for simpl some source documents may not require an entry. Also, all bits are recorded in hal Dates must be entered in the format dimmm (January 15 would be 15 Jan 9 J2 o P Erading Inter-Office Muro 6 Date: March 31, 2014 From: Adam Uppe To: Office Assistant Subject: Cash Disbursement Please prepare a cheque to City of Ottawa in the amount of $900. des consulting This will pay for this month's property taxes expense. 4 Thanks, Adam Uppe month for simpl Vous that some source documents may not require an entry. Also allbils are recorded in Shemal Dates must be entered in the form January 15 would be a Page 12 9 0 P K retum Heading List Recent from Harold's Diner Harold's Diner 2611 Franklin Place Ottawa, Ontario 208-1547 Check #464934 sulting Server: Kimberly Table: 42 Date: March 31, 2014 Time: 12:57 3 Pop 2 Club sandwich 3 Hamburger 9.00 18.00 21.00 Total: $48.00 Cash Received: $48.00 Thank you for dining with us! for simple some source documents may not require an entry. Also a bills are corded in 2 Dates must be entered in the format ddim January 15 would be 15 2 0 o P K