please solve 1. general journals 2. post entries to general ledger book 3. trail balance 4. income. statement 5. owners equity 6. balance sheet
GST=5%, QST=9.975%
Year Month Day Dec 1 Dec | 2 Dec 3 Note Dec Dec Dec Dec Dec Dec 5 6 7 8 Note 5 You invest to open a business called, >, consultant. You pay the rent You buy cash Computer Equipment for +GSTOST You provide Professional services on account for a customer *GST + QST You paid the insurance You buy publicity cash +GST + QST You provide professional services for a client and he pays cash +GST + QST You pay the accountant +GST + OST You provide Professional services for customer on account +GST + QST You buy on account Office Equipment for +GST + QST You sign a contract starting today with a customer You buy cash Office supplies +GST + OST You receive partial payment from customer for services done last month. You paid the telephone bill cash +GST + QST You withdraw for personal use You pay salaries expenses (secretary) 2 weeks (dec 3 to dec 14) $45,000.00 $1,500.00 $7,450.00 $3,450.00 $3,600.00 $1,275.00 $7.280.00 $1,500.00 $4,257.00 $6,500.00 $5.600.00 $2,548.00 $2,300.00 $142.00 $2,500.00 $1,200.00 10 Note 2 13 2018 Dec Dec Dec Dec Dec 12 13 14 15 20 16 2018 Salaries are for 2 weeks, paid the week after on Thursday. Week 1 Week 2 Week 3 paiement for weeks 1 and 2 Prepare the following documents 1 2 3 4 5 General Journal Entries Post entries to General Ledger book Trial Balance Income statement Statement of Owner's Equity 6 Balance Sheet Note $1,490.00 1 2 3 $0.00 Computer Equipment linear depreciation on 36 months, residual value Office Equipment linear depreciation on 24 months, residual value = You sign a contract for 6 months The Insurance is a contract for 24 months The Accountant is a contract for 12 months The Office Supplies used for the month is $856 5 6 $856.00 Year Month Day Dec 1 Dec | 2 Dec 3 Note Dec Dec Dec Dec Dec Dec 5 6 7 8 Note 5 You invest to open a business called, >, consultant. You pay the rent You buy cash Computer Equipment for +GSTOST You provide Professional services on account for a customer *GST + QST You paid the insurance You buy publicity cash +GST + QST You provide professional services for a client and he pays cash +GST + QST You pay the accountant +GST + OST You provide Professional services for customer on account +GST + QST You buy on account Office Equipment for +GST + QST You sign a contract starting today with a customer You buy cash Office supplies +GST + OST You receive partial payment from customer for services done last month. You paid the telephone bill cash +GST + QST You withdraw for personal use You pay salaries expenses (secretary) 2 weeks (dec 3 to dec 14) $45,000.00 $1,500.00 $7,450.00 $3,450.00 $3,600.00 $1,275.00 $7.280.00 $1,500.00 $4,257.00 $6,500.00 $5.600.00 $2,548.00 $2,300.00 $142.00 $2,500.00 $1,200.00 10 Note 2 13 2018 Dec Dec Dec Dec Dec 12 13 14 15 20 16 2018 Salaries are for 2 weeks, paid the week after on Thursday. Week 1 Week 2 Week 3 paiement for weeks 1 and 2 Prepare the following documents 1 2 3 4 5 General Journal Entries Post entries to General Ledger book Trial Balance Income statement Statement of Owner's Equity 6 Balance Sheet Note $1,490.00 1 2 3 $0.00 Computer Equipment linear depreciation on 36 months, residual value Office Equipment linear depreciation on 24 months, residual value = You sign a contract for 6 months The Insurance is a contract for 24 months The Accountant is a contract for 12 months The Office Supplies used for the month is $856 5 6 $856.00
