Sage 50 Accounting Chapter 2B House Sitters

Challenge Exercise 02 C2B-3, House Sitters RECEIVABLES, INVENTORY & SERVICES and COMPANY Modules House Sitters is a service business that looks after your house or apartment while you are away. The business waters plants; looks after pets; makes sure the furnace, water heater and air conditioning are working; brings in the mail and newspapers, and so on. House Sitters Company does NOT print Sales invoices or receipts. Note: All invoices are left at the residence or business on the day the client returns. Terms are varied for different customers. HST is 13%. 1 > Refer to Exercise 1-15 to unzip the 02 C2B-3 Sitters.exe file. 2 > For this review assignment open the 02 C2B-3 Sitters file, and enter the following Accounts Receivable transactions for May. May 1 Completed 4-day sitting for Hagos Aulakh at $30.00 plus HST per day. Invoice #177, in the amount of $135.60 with terms of net 5 days. May 3 Received $101.70, cheque #752, as payment from Winston Chun re outstanding invoice #170. May 6 Left invoice #178 in the amount of $101.70, at Mr. & Mrs. Thomas Royes' home for service for three days at $30.00 plus HST per day. Terms net 5 days. May 6 Received $135.60, cheque #829 from Mr. Hagos Aulakh for invoice #177. May 9 Received $101.70. cheque #256 from Mr. & Mrs. Thomas Royes as payment for invoice #178 May 10 Completed 2-day sitting for Mrs. Manpreet Foss at $30.00 plus HST per day. Invoice #179, in the amount of $67.80 with terms of net 3 days, was left in the house. May 12 Mrs. Foss paid invoice #179 in full with $67.80 cash. May 18 A new business client, Your Actual Name Ceramics, requested us to check her store 3 times a day at $30.00 plus HST. per visit. She will be out of town May 19 and 20. Other information: 889 Ancaster Avenue, Stoney Creek, Ontario AOA 3C3, phone and fax numbers may be left blank. Terms are 2% 10 days, net 30. (Special terms arranged for business clients.) Credit limit $300.00 May 20 Issued invoice #180, for $203.40, for Your Actual Name Ceramics. May 28 Received Your Actual Name Ceramics cheque #158, in the amount of $199.80, as payment in full for invoice #180 with a discount taken of $3.60. May 31 Completed 2-day sitting for Hagos Aulakh at $30.00 plus HST per day. Invoice #181 issued for $67 80 with terms net 5 days