SESSION DATE $$ SEPTEMBER $15,2024$

Cheque Purchase Invoice #PFU$-9328$ Dated September $1/24$

From Places For Us$,$ $$1800$ plus $$234$ HST for monthly rent. Invoice total $$2034$

paid by cheque #$3426.$ Terms: payable on first day of each month.

$16$

Total Signature:

Description

SALES SUMMARY FORM:

Date:

Comment:

Amount

FR$-24-09$

Sales of donated items

Sales of purchased clothing & books

Sales of other purchased items

GST on books and clothing sold

HST on sales of other purchased items

$$4200\mathrm{.}00$

$4300\mathrm{.}00$

$8680\mathrm{.}00$

$215\mathrm{.}00$

$1128\mathrm{.}40$

$$18523\mathrm{.}40$

Summary of cash receipts

sales in August $2024$

Received in cash by August $31,2024$

August $31,2024$

$4-$A Charity Blvd$.$

Toronto, ON

M$4$G $2$T$2$

$18$

$19$

$20$

$14$

$15$

SOURCE DOCUMENTS FOR CHAPTER $44-3$

NOTES

Sage $50$ displays an advisor

message about preparing for year

end when you change the date to

August $31.$

NOTES

No taxes are charged on

sales of donated goods. Children$$s

clothing and books are subject to

$5\%$ GST while HST at $13\%$ is

charged on sales of other

purchased items.

NOTES

The warning about the date

being more than one week past

the previous session date will be

displayed.

NOTES

The year$-$end advisor may

appear again when you advance

the date to September $29.$

The warning about the date

being more than one week past

the previous session date will be

displayed.

Purchase Invoice #BC$-18588$ Dated September $2/24$

From Bell Canada, $$145$ plus $$18\mathrm{.}85$ HST for monthly telephone and Internet

service. Invoice total $$163\mathrm{.}85.$ Terms: net $15.$

Payment Cheque #$3427$ Dated September $2/24$

To Kids In Motion, $$2503$ in full payment of invoices #KIM$-10990$ and #KIM$-8697.$

Payment Cheque #$3428$ Dated September $12/24$

To Bell Canada, $$163\mathrm{.}85$ in full payment of invoice #BC$-18588.$

Funds Raised Form #FR$-24-10$ Dated September $13/24$

Received $$4000$ plus $$520$ HST for advertising on the charity$$s website. Total

revenue received $$4520$ deposited to Bank. Create new account: $4180$ Revenue:

Advertising.

SESSION DATE $$ SEPTEMBER $29,2024$

Memo #$3$ Dated September $19/24$

From Fischer: Presented Sunni Husein with $$200$ gift certificate for Volunteer

Extraordinaire Award. Create new Group account $5430$ Employee Gifts. Paid for

gift certificate from Cash on Hand.

Bank Debit Memo #HB$-8310$ Dated September $20/24$

From Heartfelt Bank, $$240$ plus $$31\mathrm{.}20$ HST for payroll services for one year. Total

withdrawal from chequing account was $$271\mathrm{.}20.$ Create new expense account

$5380$ Payroll Services.

Bank Debit Memo #HB$-9778$ Dated September $28/24$

From Heartfelt Bank, $$4200$ for payroll including all payroll expenses to pay store

manager Jeremy Fischer wages for one month.

Funds Received Form #FR$-24-11$ Dated September $29/24$

Received $$800$ in donations. Amount deposited to Bank: Love It Again account.

Cash Purchase Invoice #CP$-2$ Dated September $29/24$

From Canada Post, $$200$ plus $$26$ HST for postage to mail donation receipts.

Invoice total $$226.$ Paid from Cash on Hand.

Sales Summary Form #FR$-24-12$ Dated September $29/24$

Summary of sales receipts during the month.

Revenue from donated items $$2500$

Revenue from purchased clothing & books $7200$

Revenue from other purchased items $8000$

GST @ $5\%360$

HST @ $13\%1040$

Total $$19100$ deposited to Cash on Hand.

Memo #$4$ Dated September $29/24$

From Fischer: Deposited $$18500$ from Cash on Hand $($receipts from sales$)$ to

Bank: Love It Again.

Bank Debit Memo #HB$-10921$ Dated September $29/24$

From Heartfelt Bank, withdraw $$14200$ from chequing account to repay loan for

$$14000$ plus $$200$ interest. Create new Group account $5100$ Interest Expense.

$25$

$26$

$27$

$28$

$29$

$24$

$30$

$31$

$22$

$23$

$21$

$32$

SOURCE DOCUMENTS FOR CHAPTER $44-4$

Bank Debit Memo #HB$-10998$ Dated September $29/24$

From Heartfelt Bank, $$45\mathrm{.}50$ in bank charges for cheques and statement

preparation.

SESSION DATE $$ SEPTEMBER $30,2024$

B

$34$

B

$35$

$33$

MEMO #$5$

Date: September $30,2024$

From: Jeremy Fischer

Re: Adjustments required for year$-$end $($cost of goods sold,

supplies used and prepaid expenses expired$)$

Cost of books sold $$1990$

Cost of clothing sold $4155$

Cost of other purchased items sold $8200$

Office supplies used $120$

Other supplies used $680$

Prepaid utilities $290$

Authorization:

$4-$A Charity Blvd$.$

Toronto, ON

M$4$G $2$T$2$

MEMO #$6$

Date: September $30,2024$

From: Jeremy Fischer

Re: Final account adjustments required to clear outdated

inventory of supplies and other goods

$($all items donated to family shelters$)$

Cost of purchased books donated $ $570$

Cost of purchased clothing donated $1280$

Cost of other purchases donated $1990$

Authorization:

$4-$A Charity Blvd$.$

Toronto, ON

M$4$G $2$T$2$

SOURCE DOCUMENTS FOR CHAPTER $44-5$

NOTES

Donated items are not

included in these costs $$ no

purchase cost is associated with

them.

Memo #$7$ Dated September $30/24$

All accounts for the year are settled, so the books can be closed. Make a backup

of the data files. Start a new fiscal period to close the books.

SESSION DATE $$ September trial balance