Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

the session date to July 1 5 , 2 0 2 4 . Enter the following transactions: Cash Receipt # 2 9 8 Dated July

the session date to July 15,2024. Enter the following transactions:
Cash Receipt #298 Dated July 9,2024
From Noya Welding, cheque # 431 for $996.66 in payment of account, including 2% discount for
prompt payment. Reference invoice #121.
Cheque Purchase Invoice #CP-2990 Dated July 10,2024
From Crystal Products, Inc. (use Quick Add for new supplier), $900 plus $117 HST for one welding
tank to replace the destroyed tank. Invoice total $1017 paid by cheque #202.
Purchase Invoice #WU-5331 Dated July 11,2024
From Welds r Us, $600 plus $78 HST, for one arc welding torch kit. Invoice total $678. Terms net 30.
Cash Receipt #299 Dated July 11,2024
From Wacky Welding, certified cheque #WW-44239 for $1600 to replace NSF cheque. Reference
invoice #109 and Bank Memo # PB-77225.
Sales Invoice #124 Dated July 13,2024
To Wacky Welding, $900 for steel welding and consultations, plus $117 HST. Invoice total $1017.
Change the customers terms to net 15 for this invoice and in the customer ledger.
Sales Invoice #125 Dated July 13,2024
Recall stored entry for Flamers Steel, $400 plus $52 HST for 5 hours of arc welding. Invoice total
$452. Terms 2/5, net 15.(Accept message concerning the recalled entry)
Credit Card Sales Invoice #126 To
One-time customers,
Dated July 13,2024
150 minutes @ $1.00 each 150.00 total
HST Charged 19.50
Total amount paid by Chargit $169.50
Cash Sales Invoice #127 Dated July 14,2024
Sales Summary: To One-time walk-in clients, $380 for various types of welding jobs, plus $49.40
HST. Invoice total $429.40. Paid by Cash.
Memo #5 Dated July 14,2024
Welding supplies used in the past week amounted to $24. Adjust welding supplies account and charge
to welding supplies used expense account. Recall stored entry.
Bank Memo # PB-82771 Dated July 15,2024
From Paylo Bank, $1500 for regular monthly mortgage payment. This amount includes interest of
$1200 and $300 in principal.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Finance Core Principles and Applications

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford

3rd edition

978-0077971304, 77971302, 978-0073530680, 73530689, 978-0071221160, 71221166, 978-0077905200

Students also viewed these Accounting questions