Record and Post the following transactions in the General Journal for the Month of April using the double-entry method Apr 1 Sold and delivered an Office Leather Chair, code OFC-01, at $302.00 plus HST. Invoice #6581 issued to Ms. Betty Hill. Cheque # 131 received in full. Create a subledger for Ms. Betty Hill. Apr 1 Issued Sales Order #100 to Tiger Furniture World for 2 Office Ergonomic Chairs, code OE- 01, at $682.00 each plus HST. The shipping date will be April 5, terms 2/10, net 30 days. (Note special price for long-term customer.) Cheque #4561 was received for $200.00 deposit, which will be applied when the full amount is paid. Deposit reference #123. Apr 3 Bank advised that Ms. Hill's cheque #131 was returned NSF. Sent registered letter to Ms. Hill advising her of the returned cheque with a handling fee of $15.00. The mailing address was 587 Ontario Street, Grimsby, Ontario L9Z 2B8. Apr 5 Tiger Furniture World picked up the chairs order on April 1 today. Issue the next invoice to bill the customer. Apr 6 Sold a used leather office chair (OFC-Usd) to the local senior citizens group (863 Fairhill Avenue, Hamilton, Ontario, L6A 4X4) for $120.00, less a 9% discount, plus HST. The group has been given 10 days to pay for the chair. Credit limit $300.00. (Note: No additional senior's discount allowed, as the chairs was reduced in price.) Apr 9 As a new customer, Your Actual Last (Family) Name Chairs (add any address) ordered and received 6 Office Mesh Chairs, code OMC-02, at $170.00 each, and 4 Operators Chairs, code OPC-01, at $120.00 each. All items plus HST. Credit limit $8,000 and terms 2/10, net 30. Apr 9 Received cheque# 1792, for a $527.00 payment from a customer, Mert's Coffee Shop, for invoice# 4641. Apr 10 Retail sale to new customer, Your Name (first and last) (903 Centre Street North, St. Catharines, Ontario, L5G 2A6), of two (2) wooden footstools (WFS-01) at $28.50 each, plus HST. Cheque #896 received. The manager is sure that we will sell to them again and approved a $1,000.00 credit limit. No cash discounts for this customer. Apr 11 Your Actual Last (Family) Name Chairs returned 2 Office Mesh Chairs (code OMC-02) purchased on April 9. Apr 12 Issue $352.56 invoice #6586 to Mr. Harry Ford for 12 Stacking Chairs, code SC-02, at $26.00 each plus HST. Mr. Ford picked up the chairs today and paid for the purchase with his credit card. Create Mr. Harry Ford as a one-time customer. Apr 12 Received cheque #2485, for a $1314.04 payment from Tiger Furniture World for the invoice issued on April 5. Apr 16 Received cheque #685, for a $1287.6 payment from Your Actual Last (Family) Name Chairs for the balance owing. Apr 22 Owner Adam Smith invested an additional $5,000 in the business. Received a bank transfer receipt showing the money was put into the bank account today. Apr 29 Received a bank debit memo for bank service charge for the month of $26.65. a. What is the total debit amount on the "Sales Journal Entries" report for the period, Apr 01 to Apr 29 without corrections? $ b. How much is the net income (loss) for the period, Apr 01 to Apr 29? $ c. What early payment terms are shown on the document for Apr 11 transaction? % Days, Net Days. d. What's the outstanding balance of Mert's Coffee Shops at at Apr 29? $
