Prepare the Journal Entries, General Ledger, balance sheet, income statement and other statements for aircare Services company.

SESSION DATE - APRIL 14, 2024 Dated April 8/24 Memo #4 14 From Owner: Cheque #5033 for $2435.60 from Grande Pointe Towers was postdated and the discount period had expired. It was incorrectly entered with the discount on April 2. The cheque was not yet deposited, so you should reverse the receipt. Memo #5 Dated April 8/24 From Owner: Change the payment terms for Grande Pointe Towers to net 30. Notify the customer of the outstanding charges and the changes in payment terms. Memo #6 Dated April 8/24 From Owner: The work done for Hazel Estates included $1600 plus $80 GST and $96 PST for replacement of damaged microinverters. The revised and correct invoice total is $3108. Adjust invoice #712 to add the extra amount. Dated April 9/24 MasterCard Sales Invoice #714 To Vinod Residence (use Full Add for the new customer), $600 plus $36 PST for repairs. Invoice total $666 paid in full by MasterCard. Dated April 10/24 Receipt #202 From Selkirk Community Centre, cheque #533 for $7978.02, including $1978.02 in full payment of invoice #710 with $19.98 discount for early payment, and $6000 in partial payment of invoice #711. Purchase Invoice #GE-2579 Dated Aprill 10/24 From Green Earth Products Inc., $14000 plus $700 GST for microinverters. Invoice total $14700. Terms: 1/10,n/30. Store as a bi-weekly recurring entry. Cash Purchase Invoice #W/-6913 Dated Aprill11/24. From Westrock Insurance (use Quick Add), \$185 per month for a one-year car insurance policy with $2000000 liability coverage and $4000 deductible. Terms: first month payable in advance on acceptance of quote followed by monthly instalments at the end of each month. Pay first month's premium of $185 in advance. Issue cheque #103. Store as a recurring monthly transaction. Memo #7 Dated Aprl I1/24 Recall the stored entry for car insurance from Westrock Insurance to enter a postdated payment for next month's premium of $185. Issue cheque # 104 postdated for May 11. After posting, recall the entry again and make a postdated payment for the premium due June 11 with cheque #105. Payment cheque #106 Dated Aprill 14/24 To Green Earth Products Inc., \$14560 in payment of account, including \$140 discount for early payment. Reference invoice #GE-2579. Receipt #203 From Selkirk Community Centre, cheque #586 for $13780.20 in payment of account, including $199.80 discount for early payment. Reference invoice #711. \begin{tabular}{l} SESSION DATE - APRIL 21, 2024 \\ \hline 24 Bank Debit Memo #35589 \\ From Flatlands Credit Union, cheque #12488 for $19778 from Regina School \end{tabular} Board has been returned because of non-sufficient funds. Enter a negative receipt to record the NSF cheque. Notify the customer of the outstanding charges. Cash Purchase Invoice #SAA-1098 Dated April 15/24 From Starbuck Advertising Agency, $1100 plus $55 GST and $66 PST for flyers on clean energy alternatives. Create new Group expense account: 5230 Promotion Expenses. Invoice total \$1 221. Paid by cheque #107. Receipt #204 Dated April 15/24 From Hazel Estates, cheque #230 for $3076.92 in full payment of account, including $31.08 discount for early payment. Reference adjusted invoice #712. Cash Purchase Invoice #FX-3467 Dated April 16/24 From FedEx (use Quick Add for the new supplier), $460 for special delivery of solar panels plus $23 GST. Invoice total $483. Issued cheque #108 in full payment. Create new Group account 5220 Delivery Expenses. Payment Cheque #109 Dated April 16/24 To Wheatfields Hardware, \$1 665 in payment of account. Reference invoice #WH-42001. Cash Purchase Invoice #SEC-4437I Dated April 19/24 From Saskatchewan Energy Corp., $200 plus $10 GST for two months of hydro service. Invoice total \$210. Paid by cheque #110. Cash Purchase Invoice #SKT-36128 Dated April 19/24 From Saskatel, $330 plus $16.50 GST and $19.80 PST for telephone, cellular and Internet service. Invoice total $366.30. Paid by cheque #111. SESSION DATE - APRIL 30, 2024 Purchase Invoice #W-3468 Dated April 22/24 From Willow Garage, $120 including taxes (use tax code IN) for gasoline for van. Terms: net 30. Recall stored entry and edit the date. Purchase Invoice #GE-4906 Dated April 24/24 From Green Earth Products Inc., $14000 plus $700 GST for microinverters. Invoice total \$14 700. Terms: 1/10,n/30. Recall stored entry. Purchase Involice #KE-1679 Dated April 25/24 From Killarney Solar Equipment, $30000 plus \$1 $00 GST for solar panels. Invoice total $31500. Terms: 1/5,n/30. Sales Invoice #717 Dated April 25/24 To Grande Pointe Towers, $24000 for new subcontracting job, plus $1200 CST and \$1 440 PST. Invoice total \$26 640. Terms: net 1. Grande Pointe Towers has provided a certified cheque in full payment of their account. AIR CARE SERVICES - RECEIVABLES \& PAYABLES SETUP Bank Debit Memo #56159 Dated April 30/24 From Flatlands Credit Union, pre-authorized withdrawals for service charges, I SESSION DATE - MAY 1,2024 Memo #9 Dated May 1/24 From Owner: Received monthly statements showing missing historical information. The statement from Wheatfields Hardware included an overdue amount of \$1 100 from invoice #WH-20001 dated March 24, 2024. The statement from Starbuck Advertising Agency included an overdue amount of $2200 from invoice #SAA-987 dated March 14, 2024. Add the historical invoices for these two transactions in the Supplier Ledger records as historical transactions. You can open the Payables module window or use the View Suppliers shortcut to access the records for these suppliers. Pay these two invoices in the Payments Journal as current transactions dated May 1 using cheques #112 and #113. Memo #10 Dated May 1/24 Check the data integrity (Maintenance menu) after entering the historical Check the data integrity (Maintenance menu) after entering the historical invoices. Make a backup copy of the data files and finish entery menu in the Home window and click Finish Entering History. Memo #is School Board is overdue. Complete sales invoice #718 for Regina School Board for $29.39, the interest charges on the overdue amount. Terms: net 15 days. Use the No Tax code for the interest charges and choose Interest Revenue as the account Remember to remove the early payment discount. R E V I EW Appendix D on MyLab Accounting includes Review Questions and Supplementary Cases for this chapter. SESSION DATE - APRIL 14, 2024 Dated April 8/24 Memo #4 14 From Owner: Cheque #5033 for $2435.60 from Grande Pointe Towers was postdated and the discount period had expired. It was incorrectly entered with the discount on April 2. The cheque was not yet deposited, so you should reverse the receipt. Memo #5 Dated April 8/24 From Owner: Change the payment terms for Grande Pointe Towers to net 30. Notify the customer of the outstanding charges and the changes in payment terms. Memo #6 Dated April 8/24 From Owner: The work done for Hazel Estates included $1600 plus $80 GST and $96 PST for replacement of damaged microinverters. The revised and correct invoice total is $3108. Adjust invoice #712 to add the extra amount. Dated April 9/24 MasterCard Sales Invoice #714 To Vinod Residence (use Full Add for the new customer), $600 plus $36 PST for repairs. Invoice total $666 paid in full by MasterCard. Dated April 10/24 Receipt #202 From Selkirk Community Centre, cheque #533 for $7978.02, including $1978.02 in full payment of invoice #710 with $19.98 discount for early payment, and $6000 in partial payment of invoice #711. Purchase Invoice #GE-2579 Dated Aprill 10/24 From Green Earth Products Inc., $14000 plus $700 GST for microinverters. Invoice total $14700. Terms: 1/10,n/30. Store as a bi-weekly recurring entry. Cash Purchase Invoice #W/-6913 Dated Aprill11/24. From Westrock Insurance (use Quick Add), \$185 per month for a one-year car insurance policy with $2000000 liability coverage and $4000 deductible. Terms: first month payable in advance on acceptance of quote followed by monthly instalments at the end of each month. Pay first month's premium of $185 in advance. Issue cheque #103. Store as a recurring monthly transaction. Memo #7 Dated Aprl I1/24 Recall the stored entry for car insurance from Westrock Insurance to enter a postdated payment for next month's premium of $185. Issue cheque # 104 postdated for May 11. After posting, recall the entry again and make a postdated payment for the premium due June 11 with cheque #105. Payment cheque #106 Dated Aprill 14/24 To Green Earth Products Inc., \$14560 in payment of account, including \$140 discount for early payment. Reference invoice #GE-2579. Receipt #203 From Selkirk Community Centre, cheque #586 for $13780.20 in payment of account, including $199.80 discount for early payment. Reference invoice #711. \begin{tabular}{l} SESSION DATE - APRIL 21, 2024 \\ \hline 24 Bank Debit Memo #35589 \\ From Flatlands Credit Union, cheque #12488 for $19778 from Regina School \end{tabular} Board has been returned because of non-sufficient funds. Enter a negative receipt to record the NSF cheque. Notify the customer of the outstanding charges. Cash Purchase Invoice #SAA-1098 Dated April 15/24 From Starbuck Advertising Agency, $1100 plus $55 GST and $66 PST for flyers on clean energy alternatives. Create new Group expense account: 5230 Promotion Expenses. Invoice total \$1 221. Paid by cheque #107. Receipt #204 Dated April 15/24 From Hazel Estates, cheque #230 for $3076.92 in full payment of account, including $31.08 discount for early payment. Reference adjusted invoice #712. Cash Purchase Invoice #FX-3467 Dated April 16/24 From FedEx (use Quick Add for the new supplier), $460 for special delivery of solar panels plus $23 GST. Invoice total $483. Issued cheque #108 in full payment. Create new Group account 5220 Delivery Expenses. Payment Cheque #109 Dated April 16/24 To Wheatfields Hardware, \$1 665 in payment of account. Reference invoice #WH-42001. Cash Purchase Invoice #SEC-4437I Dated April 19/24 From Saskatchewan Energy Corp., $200 plus $10 GST for two months of hydro service. Invoice total \$210. Paid by cheque #110. Cash Purchase Invoice #SKT-36128 Dated April 19/24 From Saskatel, $330 plus $16.50 GST and $19.80 PST for telephone, cellular and Internet service. Invoice total $366.30. Paid by cheque #111. SESSION DATE - APRIL 30, 2024 Purchase Invoice #W-3468 Dated April 22/24 From Willow Garage, $120 including taxes (use tax code IN) for gasoline for van. Terms: net 30. Recall stored entry and edit the date. Purchase Invoice #GE-4906 Dated April 24/24 From Green Earth Products Inc., $14000 plus $700 GST for microinverters. Invoice total \$14 700. Terms: 1/10,n/30. Recall stored entry. Purchase Involice #KE-1679 Dated April 25/24 From Killarney Solar Equipment, $30000 plus \$1 $00 GST for solar panels. Invoice total $31500. Terms: 1/5,n/30. Sales Invoice #717 Dated April 25/24 To Grande Pointe Towers, $24000 for new subcontracting job, plus $1200 CST and \$1 440 PST. Invoice total \$26 640. Terms: net 1. Grande Pointe Towers has provided a certified cheque in full payment of their account. AIR CARE SERVICES - RECEIVABLES \& PAYABLES SETUP Bank Debit Memo #56159 Dated April 30/24 From Flatlands Credit Union, pre-authorized withdrawals for service charges, I SESSION DATE - MAY 1,2024 Memo #9 Dated May 1/24 From Owner: Received monthly statements showing missing historical information. The statement from Wheatfields Hardware included an overdue amount of \$1 100 from invoice #WH-20001 dated March 24, 2024. The statement from Starbuck Advertising Agency included an overdue amount of $2200 from invoice #SAA-987 dated March 14, 2024. Add the historical invoices for these two transactions in the Supplier Ledger records as historical transactions. You can open the Payables module window or use the View Suppliers shortcut to access the records for these suppliers. Pay these two invoices in the Payments Journal as current transactions dated May 1 using cheques #112 and #113. Memo #10 Dated May 1/24 Check the data integrity (Maintenance menu) after entering the historical Check the data integrity (Maintenance menu) after entering the historical invoices. Make a backup copy of the data files and finish entery menu in the Home window and click Finish Entering History. Memo #is School Board is overdue. Complete sales invoice #718 for Regina School Board for $29.39, the interest charges on the overdue amount. Terms: net 15 days. Use the No Tax code for the interest charges and choose Interest Revenue as the account Remember to remove the early payment discount. R E V I EW Appendix D on MyLab Accounting includes Review Questions and Supplementary Cases for this chapter