Source:__________                                                 Date:__________ 

Account Debit Credit 

Accounts:

1080 Chequing Account

1200 A/R-Ontime Contracting

1220 A/R-Piper Crook Mail

1240 A/R-Redbird Brothers

1320 Prepaid Insurance

1340 Prepaid Rent

1360 Supplies

1520 Computers and Software

1540 Tools

1560 Dumpsters

1580 Trucks

2100 A/P-Badlands Hardware

2120 A/P-Hoodoos Containers

2180 A/P-Red Door Promotions

2650 GST Charged on Services

2670 GST Paid on Purchases

3100 Binh's Bins, Capital

3150 Binh;s Bins, Drawings

4100 Revenue from Dumpster Rentals

4150 Revenue from Subcontracting

4200 Interest Revenue

5020 Advertising and Promotion

5040 Bank Charges

5060 Insurance Expense

5080 Interest Expense

5100 Maintenance and Repairs

5110 Supplies Used

5120 Rental Expenses

5140 Phone/Internet Expense

5150 Truck Expense

5160 Wages Expense

Instructions: Post the 6 transactions using the above format. Be sure to include the Source, the DATE, the accounts affected, and the respective amounts. Use the accounts posted above, unless otherwise stated where it wants us to record the account(s) they want us to use.

1.Purchase Invoice #BH-5621 Dated June 2, 2020

From Badlands Hardware, $155 plus $7.75 GST paid for paint and stencils to add

logos to dumpsters. Purchase invoice total $162.75. Terms: net 20 days.

2.Bank Credit Memo #RDT-C4778 Dated June 3, 2020

From Red Deer Trust, $40 000 bank loan secured for purchase of additional large

dumpster bins. Loan deposited into bank account. Create new Group account

2250 Bank Loan.

3.Purchase Invoice #HC-7655 Dated June 3, 2020

From Hoodoos Containers, $35 550 plus $1 777.50 GST to purchase additional

dumpsters. Purchase invoice total $37 327.50. Terms: net 30 days.

4.Memo #1 Dated June 4, 2020

From Owner: The invoice from Badlands Hardware was entered incorrectly. The

cost of the supplies was $170 plus $8.50 GST paid. The revised purchase invoice

total is $178.50. Adjust the posted invoice to make the correction.

5.Payment Cheque #488 Dated June 5, 2020

To Red Deer Promotions, $2 940 in payment of invoice #RDP-8668.

6.Receipt #120 Dated June 5, 2020

From Redbird Brothers, cheque #98 for $5 880 in payment of invoice #BB-351.