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Supplementary Exercise 74 a. Complete the cash payments journal: a. All invoice amounts (Accounts Payable) include 15% HST b. All invoices are eligible for discounts.
Supplementary Exercise 74 a. Complete the cash payments journal: a. All invoice amounts (Accounts Payable) include 15% HST b. All invoices are eligible for discounts. Discounts are based on the pre-tax value of each invoice (discount rates are shown in the memo column) c. Pre-tax amount is calculated as: Invoice Total x100115 b. Calculate the Bank Cr amount for each amount received from these customers c. Assign a cheque number to each payment d. Total each column. CASH PAYMENTS JOURNAL Page: CP6
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