Record all the necessary transactions for January.

GST 5%, PST 7%

1-Jan Issued cheque no. 682, for January office rent paid to Cressey Ltd. (invoice no. 780) $2,000 plus GST (debit Rent Expense).

2-Jan Issued invoice no. 501 for sale on account to MEC. Sold 50 units of Inventory # A001 for a total sales value of $3,750 plus GST (5%)& PST (7%). The cost of the merchandise was $1,250.

3-Jan Purchased 200 units of inventory item #A002 at $15 each on credit terms of 1/15, n/60 from Suncrest Supply (invoice no. 655) totaling $3,000 plus GST (5%).

4-Jan Received net amount of cash on account from Rain Gear $5,782, (cheque no. 60) within discount period. (hint: invoice total provided above in subledger information)

4-Jan Issued cheque no. 683 to pay salaries of $1,580 to Jean Paul.

5-Jan Issued invoice no. 502 for a cash sale to Tom Shu Ltd. for 50 units of inventory item #A003 for $1,950 plus GST (5%) and $42.00 freight including GST(5%). The cost of the merchandise was $625.

5-Jan Credit sales return memo # CN102 was issued to Nordstrom for 40 units of Inventory item #A002 for $2,360 plus GST (5%) & PST (7%) (COGS $625.00).

5-Jan Issued cheque no. 684, for invoice no.770, a purchase of office supplies from one time vendor Milter Ltd, for $480 plus GST(5%) & PST(7%).

6-Jan Collected $175 interest revenue from Vancity Credit Union, deposit code no. 95.

7-Jan Issued invoice no. 504 for sale on account to The Bay of 275 units of inventory code #A003 with a total retail value $10,725 plus GST(5%) & PST(7%) (COGS $3,437.50).

8-Jan Issued cheque no. 685 to pay Solly Supply $2,600 of the amount owed at Dec 31st. This payment occurred after the end of the discount period.

11-Jan Issued cheque no. 686 in payment of account for Suncrest Supply. (hint: discount on invoice total = $30 - do not consider taxes.)

12-Jan Received a cheque from MEC (cheque no. 650) in full payment of their accounts receivable from January 2nd.

18-Jan Issued cheque no. 687 to pay salary expense to Jean Paul of $2,100.

19-Jan Purchased 50 units of A004 from Suncrest Supply for $2,500 plus GST on account. (purchase invoice no. 656).

22-Jan Purchased furniture on credit terms of 3/15 n/60 from Beaver Corp. $1,500 plus GST (5%) & PST (7%), invoice no. 175.

23-Jan Sold 1,200 units of Inv #A003 to Rain Gear. Issued invoice no. 505 for a total retail sale of $46,800 plus GST (COGS $15,000). PST in this case is exempted as Rain Gear resells these items. The terms are 2/10, net 30.

24-Jan Received 25% the account receivable due from invoice #500 from The Bay which totaled $10,770 (cheque no 62).

25-Jan Issued cheque no. 689 to pay utilities bill to B.C. Hydro invoice number 78, $374 plus GST and PST.

25-Jan Purchased 50 units of A001 for $1,250 plus GST and paid by issuing cheque no. 688 to Marlow Ltd. (purchase invoice no. 25).

26-Jan Purchased cleaning supplies on credit terms 2/10 n/30, invoice no. 96 from Solly Supply $180 plus GST and PST. (Debit to cleaning supplies expense account).

30-Jan Returned 25 units of damaged inventory of item A001 to Marlow Ltd. This was from the purchase made on Jan 25th. PR 25 credit memo was issued by the vendor along with the $625 plus GST cash.

30-Jan Sold 275 units of Inv #A004 to the Bay. Issued invoice no. 506 for a total retail sale of $23,375 plus GST (COGS $13,750). PST in this case is exempted as The Bay resells these items. The terms are 2/10, net 30.

31-Jan Issued cheque no. 690 in payment of legal fees of $500 plus GST(5%) & PST (7%) and advertising of $350 plus GST to Barstone and Lister LLP (invoice no. 773).

31-Jan Paid interest and principle owing on the bank loan with cheque no. 691 to Vancity Credit Union. Total payment was $6,000 January interest due was $875, all interest payable was paid and the balance went to repay the principle on the bank loan. (hint: look to interest payable balance from January 1, 2020: $1,250.00)