upon completion of this assignment, please print out the following documents.

.1.Income statement (up to February 28)

2.Balance sheet (at February 28)

3.All journal entries from February 1, 2021through February 28, 2021.(show corrections)This assignment is due before your class on the week of November 7, 2022. See Sean about your group code(A colour).Make sure that you write ALL group member names on the assignment.

Simply Accounting Exercise Practice Company Transactions

Feb 1Performed a service for Boli Limited on credit. Issued invoice _ _ _ 2562 for $1,000 plus HST. Terms 2/10, n/30. Remember to include your group code!

Feb 2Performed a service for Johnson & Associates. Issued invoice 2563 for $400 plus HST. Johnson & Associates paid immediately on cheque #56903.

Feb 3Paid Prime Time Landlords for February rent. Issued cheque #1489 in the amount of $500 plus HST. Set up a new vendor.

Feb 4Received the January phone bill from Bell Canadain the amount of $200.00 plus HST. Set up a new vendor for Bell.

Feb 5Issued cheque #1490 to pay Senators Lumber invoice 11235 in full

.Feb 6Received cheque #56987 from Johnson & Associates in the amount of $300.00 in payment of invoice 2402.

Feb 7Received the bank statement and had to record bank charges of $24.00 for last month. Do this in the general module. Set up a new account for bank charges.

Feb 8Performed a service for Black Star Limited on credit. Issued invoice #2564 in the amount of $750.00 plus HST. Terms 2/10, n/30. Set up a new customer.

Feb 9Received cheque #865 from Boli Limited in payment for invoice 2562.

Feb 10Received $500 down payment on cheque #235 from Myers Company for a job to begin next week.

Feb 11Purchased some additional office supplies from Ogden Company on credit. Received invoice #9754 in the amount of $150.00 plus HST. Terms n/30. Set up Ogden Company.

Feb 12Mr. Practice took $600.00 out of the business for personal use. He was issued cheque #1491.

Feb 13Received cheque #891 from Boli Limited in payment of invoice 2451.

Feb 14Completed the job for Myers Company that they originally made the down payment on. Issued invoice #2565 in the amount of $3,000.00 plus HST. Terms n/30.

Feb 15Issued cheque #1492 to pay the January phone bill

Feb 16Issued cheque #1493 to Fly By Night Advertising for flyers which they prepared for us. Their invoice, #25 was for $1,900.00 plus HST. We will probably not use their services again so dont set up a vendor account.

Feb 17Received cheque #268 from Anne Murrayin the amount of $229.00for partial payment of invoice 2469.

Feb 18Performed a service for a local businessman, Mr. Quon. Issued invoice #2566 in the amount of $1,200.00 plus HST. Mr. Quon paid the invoice with his Mastercard. You will have to set up the credit card particulars in Setup, Credit Cards....... The credit card has a2% fee.

Feb 19Performed a service for a new customer I.M.Great. Issued invoice #2567in the amount of $20,000 plus HST. Terms n/30.

Feb 20Realized that invoice #2567 should have been issued for $2,000 plus HST instead of $20,000 plus HST. Reversed the first invoice and reissued invoice #2568 for the correct amount.

Feb 21Purchased advertising in the Morrisburg Leader. Received invoice #98-308 in the amount of $600.00 plus HST. Terms 2/10 n/30.

Feb 22Received cheque #301 from Anne Murrayin the amount of $125.00 in payment of invoice #2480. Questioned Anne Murrayabout the outstanding amount on invoice #2469. Anne Murrayis disputing this amount so we decided to write it off to bad debts. Set up a new account for Bad Debts.

Feb 23The amount in the Prepaid Insurance account ($550) represents prepaid insurance for the period of February 1 through December 31. Record the necessary adjusting entry.

Feb 24Recorded depreciationon the computer equipment for February ($45.00). Do this in the general module.

Feb 25Prepared the HST return for January. Issued cheque #1494 to the Receiver General. Set up a new vendor.

Feb 26Issued cheque #1495 in the amount of $666.00 to the Morrisburg Leader in payment of invoice #98-308.

Feb 27Mr. Practice took $600.00 out of the business for personal use. He was issued cheque #1496.

Feb 28Did a physical count of the supplies on hand and determined that they had a value of $162. Set up a new account for Supplies Expense

MAIN FOUCS ON ENTRY FOR DATE feb 22 and 23