Please helps me answer this question. The question is Using the information below record the journal entries for the July transactions and post the entries to the General Ledger. Use the Google Doc templates provided. Drake has been provided with the trial balance as at June 30, 2019.
Yorkland Theatre Trial Balance June 30, 2019 No. Accounts Debits Credits 101 Bank $31,840.00 112 AR . Movie Snax 125 Prepaid Insurance 1 500.00 128 Theatre Supplies 1.200.00 145 Computer Equipment 15.500.DO 146 Ace. Dep. . Computer Equipment 147 Projection Equipment 36,000.00 148 Acc. Dep. . Projection Equipment 201 AP - Ontario Hydro 3689 00 220 HST Payable 225 HST Recoverable 230 Bank Loan 72.000.00 301 T. Broadway, Capital 34,000.00 302 T. Broadway, Drawings 12,420.00 105 Ticket Revenue 176,660.00 408 Concession Revenue 13,200.00 610 Advertising Expense 1,079.00 512 Interest Expense 520 Depreciation Expense . Computer Equipment 522 Depreciation Expense . Projection Equipment 526 Wages Expense 41,800.00 529 Rent Expense 24.200 00 532 Film Rental Expense 119.200.00 524 Unites Expense 6.830.00 552 Office Supplies Expense 1,530.00 572 Theatre Supplies Expense 3.650.00 $296.549.00 $286 549 00 July 2019 Transactions (Note: HST is 13%) July 2 "Paid rent $2200 plus HST to Reel Esteight, Cheque #55. July 3 Acquired "Pirate Johnny" from Maxmira to be shown during the first three weeks of July The film rental was $9000 plus HST. Of that amount. $3000 was paid by Cheque #56. July 4 Ordered the upcoming film "Autos"to be shown in August. The film rental fee will be $7000 plus HST July 7 Paid $1200 in wages for the week. Cheques #57-60 used July 7 Received $6500 cash plus HST from ticket sales for the first week of July, Cash receipt #110. July 10 Paid balance due on the "Pirate Johnny rental using Cheque #61, July 12 Advertising expense of $800 plus HST paid by Cheque #62 to the Richmond Hill Liberal. July 14 Paid $1100 in wages for the week. Cheques #83-67 used July 14 Received $7200 cash plus HST from ticket sales. Cash receipt # 1 11 July 16 Obtained the popular thriller Jigsaw and paid the rental fee of $3000 plus HST to Daramount using Cheque #68 July 18 Purchase invoice received from In Your Ear for new projection equipment $2000 plus HST. July 21 Paid $1250 in wages for the week. Cheques #80-72 used. July 21 Received $8400 cash plus HST from ticket sales. Cash receipt #1 12. July 25 Purchase invoice from Office Outlet for office supplies, $300 plus HST. The office supplies were used up immediately. July 26 Paid outstanding Accounts Payable - Ontario Hydro invoice for June, $689, Cheque #73. July 28 Paid $1025 in wages for the week, Cheques #74-77 used July 28 Received $6600 cash plus HST from ticket sales. Cash receipt #113. July 29 Cheque #78 issued to Mr. Broadway for $2300 for personal use July 31 Per Bank Debit Memo, annual bank loan payment of $14,000 and interest of $8640 was taken from the business' bank account. July 31 Received statement from Movie Snax showing gross receipts from concessions of $8000. Movie Snax paid one-half of the balance due and will remit the remainder on August 5. (Hint: see information from case study to calculate amounts) July 31 Paid the Receiver General of Canada the HST balance owing for July using Cheque # 79
