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UUD LUUYU Rew) 1) Reter to Exercise 1-1b to unzip the 01 C1-1 Driving.exe file (Data Files - Challenge Exercises) 2) Open the 01 C1-1
UUD LUUYU Rew) 1) Reter to Exercise 1-1b to unzip the 01 C1-1 Driving.exe file (Data Files - Challenge Exercises) 2) Open the 01 C1-1 Driving file The Driving School is a sole proprietorship business owned by Tanya Gauci. You should record the following transactions in the General Journal (double-entry accounting). You will learn how to record some of these entries more efficiently in the RECEIVABLES and PAYABLES modules in Chapters 2A, 28, 3A and 38. The fiscal year is Jan 1 to Dec 31 Note: This assignment does not involve HST similar to Photos Company 3) Record and Post the following transactions in the General Journal for the month of January 2024 using the Double-Entry method Set up new accounts if necessary (1 mark for each transaction - 9 transactions in total) Jan 2 Purchased $150,00 worth of office supplies from Kanwal Supplies and issued cheque #652. Note tha se supplies are assumed to be used up by the end of the month Jan 3 sund $100.00 invoice #324 to YOUR name your name in the comment line) for 2 hours of driving lessons before your driving test. Cheque #113 received Jan 4 Issued 5750.00 cheque #653 to Uptown Mall for rent of a store in the mall Jan 5 The owner. Tanya Gauci invested an additional $5,000 in the business Jan 6 issued $280,00 cheque #654 to Capitano Advertising for advertisements being delivered to homes in the area today Jan 8 A new client, Naomi Regale, took a 3-hour driving lesson. Received her $120.00 cheque #522 for invoice #326 Jan 9 Issued $200,00 cheque #655 to Morton Medina (driving teacher) for wages Jan 12 Record the $300.00 Bank Debit momo #21 for a payment on the bank loan. This amount includes interest of $30.00 Jan 15 Paid bank service charges of $35.00, Bank debit note #22 4) Save the following as an Excel or PDF file: a) All Journal Entries for the period, Jan 02 to Jan 12 with and without corrections Total assignment 9 marks - worth 3% 8
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