Wages and payroll expenses Payroll services fee HST paid on payroll services Total withdrawal $6,000.00 80.00...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6657df60791ad_8486657df6074634.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6657df60b826b_8486657df60b3049.jpg)
Transcribed Image Text:
Wages and payroll expenses Payroll services fee HST paid on payroll services Total withdrawal $6,000.00 80.00 10.40 $6,090.401 Create new Group expense account 5265 Wage and Payroll Expenses Change the session date to July 15, 2024. Enter the following transactions: Cash Receipt #298 Dated July 9, 2024 From Noya Welding, cheque # 431 for 5996.66 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 $1 017 paid by cheque #202. Purchase Invoice #WU-5331 Dated July 11, 2024 From Welds 'r Us, $600 plus $78 HST, for one are welding torch kit. Invoice total $678. Terms net 30. Cash Receipt #299 Dated July 11, 2024 From Wacky Welding, certified cheque #WW-44239 for $1 600 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 S1 017. Change the customer's terms to net 15 for this invoice and in the customer ledger. Sales Invoice #125 Dated July 13, 2024 Recall stored entry for Flamer's 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, 150 minutes @ $1.00 each HST Charged Total amount paid by Chargit Cash Sales Invoice #127 Dated July 13, 2024 150.00 total 19.50 $169.50 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, $1 500 for regular monthly mortgage payment. This amount includes interest of SI 200 and $300 in principal. Computerized Accounting with Sage 50 Level 1 (CAA4) Final Project 1 Page 9 Wages and payroll expenses Payroll services fee HST paid on payroll services Total withdrawal $6,000.00 80.00 10.40 $6,090.401 Create new Group expense account 5265 Wage and Payroll Expenses Change the session date to July 15, 2024. Enter the following transactions: Cash Receipt #298 Dated July 9, 2024 From Noya Welding, cheque # 431 for 5996.66 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 $1 017 paid by cheque #202. Purchase Invoice #WU-5331 Dated July 11, 2024 From Welds 'r Us, $600 plus $78 HST, for one are welding torch kit. Invoice total $678. Terms net 30. Cash Receipt #299 Dated July 11, 2024 From Wacky Welding, certified cheque #WW-44239 for $1 600 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 S1 017. Change the customer's terms to net 15 for this invoice and in the customer ledger. Sales Invoice #125 Dated July 13, 2024 Recall stored entry for Flamer's 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, 150 minutes @ $1.00 each HST Charged Total amount paid by Chargit Cash Sales Invoice #127 Dated July 13, 2024 150.00 total 19.50 $169.50 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, $1 500 for regular monthly mortgage payment. This amount includes interest of SI 200 and $300 in principal. Computerized Accounting with Sage 50 Level 1 (CAA4) Final Project 1 Page 9
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Verify that the hypothetical proton decay scheme in Equation 44-14 does not violate the conservation law of (a) Charge, (b) Energy, and (c) Linear momentum. (d) How about angular momentum?
-
Brent oil. In 2015 one barrel of Brent oil traded for GBP42.5 and South Africa rands (ZAR) 790. What is the exchange rate between the pound and the rand? How would the exchange rate change if the oil...
-
Analyzing changes in retained earnings. Eaton Corporation, a U.S. diversified power management company, reported a balance in Retained Earnings of $2,796 million at the beginning of 2007 and $3,257...
-
Blossom Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,050 shares of $50 par value preferred stock and 102,000 shares of $10 par value common stock. At...
-
In recent times, people have begun to adopt a non-clinical view of psychological conditionsas differences, not disorders. Discuss the costs and benefits of viewing psychological traits, symptoms, and...
-
What happens when the following C++ processes? int pay = 15; if(pay > 15 && pay < 3) { cout < < "Hi"; } Nothing will display The pay rate will be updated A compiler error will occur The word Hi will...
-
Differentiate between a Sensitivity Analysis, Scenario Analysis, and Monte Carlo Simulation. Also, what type of risk do these techniques measure?
-
Will cyber espionage become the primary intelligence collection INT of the future using hybrid HUMINT-SIGINT collection techniques, or be considered a modification of traditional SIGINT collection?
-
Magenta Corporation has 1,000 shares of stock outstanding. Julie owns 400 of these shares, and unrelated individuals own the remaining 600 shares. Magenta redeems 100 of Julie's shares for $200,000....
-
A 20 foot uninsulated steam line crosses through a room. The outer diameter of the steam line is 18 in. and the outer surface temperature is 300 F. The convective heat transfer coefficient for the...
-
The benets hoped for in terms of nancial leverage is that a rms borrowed funds at a stated interest rate can be invested in assets that will generate higher returns than the interest due on the...
-
Under MACRS, all assets are assumed to have been placed into service on January 1, regardless of when they were actually purchased. (True/False)
-
The computer can generate the depreciation adjusting entries from the fixed assets information. (True/False)
-
On what date was the K6 Telephone System acquired?
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App