Winter 2020 JANUARY TIO Inc. 11 January 3 J2 January 3 Darling Insurance 13 January 3 Examiner January 4 Staples J5 January 5 Petty Cash J6 January 7 Wendy Byrde J7 January 8 Incite Design Bell Canada Paid 1" and last months rent @$1250.00 per month by cheque #1 (no tax) Paid property Insurance for the month of January at $120.00, no tax, by cheque #2 422 Purchased advertising for grand opening at a cost of $3,250 plus HST, to be paid later 36 12:59 Purchased office supplies at a cost of $700.00 plus HST to be paid later 01 Wrote cheque #3 to establish petty cash account of $200.00 Wendy hires the firm to represent her in a criminal matter. Wendy pays a retainer fee of $5,000.00 Hire Incite Design to design logo, image and website for the partnership at a cost of $900.00 plus HST to be paid later 1012 Bell is installed in the office and you must pay them by cheque #4 before they will leave at a 59 cost of $250.00 plus HST 287 Pertaining to the Byrde case, you receive an invoice from the courts for $500.00 (no tax). To be paid later Roy hires the firm to represent him in a family law matter. Roy pays a $4,000.00 retainer You get paid for one months wages (don't worry about deductions) $1,500.00. By Cheque #5 You reconcile the Petty cash and find $50.05 in cash and the following vouchers inside: Postage: $20 plus HST 226 26 Office Supplies: $45 plus HST 50.89 Courier: $50 plus HST 56,5 6* Taxi to/from Court: $20 HST included 226 320 Cheque #6 J9 January 10 Court Fees J10 January 17 Roy Petty J11 January 31 J12 January 31 Petty Cash Winter 2020 J13 January 31 Wendy Byrde Accounting in the Legal Environmen Invoice Wendy for January fees and expenses as follows; Fees: 22 hours @ $275.00/hour=$6,050.00, plus HST Disbursements: $500.00, no tax 6,836.5 J14 January 31 Roy Petty Invoice Roy for January fees as follows; Fees: 10 hours @ $275.00/hour=$2,750 3101 Plus HST Complete bank reconciliation for the general account as found below and post entries as required. J15 Bank Reconciliation Maycock Specter Litt Bank Account-General January 1-31, 2020 Date Deposit January 1 Withdrawal 120.00 2500.00 200.00 January 5 January 31 January 31 January 31 January 31 Activity Cheque 2 Cheque 1 Cheque 3 Transfer Transfer Bank Charges Interest 5,000.00 3,107.50 Balance -120.00 -2,620.00 -2,820.00 2,180.00 5,287.50 5,257.50 5,252.25 30.00 5.25 Winter 2020 JANUARY TIO Inc. 11 January 3 J2 January 3 Darling Insurance 13 January 3 Examiner January 4 Staples J5 January 5 Petty Cash J6 January 7 Wendy Byrde J7 January 8 Incite Design Bell Canada Paid 1" and last months rent @$1250.00 per month by cheque #1 (no tax) Paid property Insurance for the month of January at $120.00, no tax, by cheque #2 422 Purchased advertising for grand opening at a cost of $3,250 plus HST, to be paid later 36 12:59 Purchased office supplies at a cost of $700.00 plus HST to be paid later 01 Wrote cheque #3 to establish petty cash account of $200.00 Wendy hires the firm to represent her in a criminal matter. Wendy pays a retainer fee of $5,000.00 Hire Incite Design to design logo, image and website for the partnership at a cost of $900.00 plus HST to be paid later 1012 Bell is installed in the office and you must pay them by cheque #4 before they will leave at a 59 cost of $250.00 plus HST 287 Pertaining to the Byrde case, you receive an invoice from the courts for $500.00 (no tax). To be paid later Roy hires the firm to represent him in a family law matter. Roy pays a $4,000.00 retainer You get paid for one months wages (don't worry about deductions) $1,500.00. By Cheque #5 You reconcile the Petty cash and find $50.05 in cash and the following vouchers inside: Postage: $20 plus HST 226 26 Office Supplies: $45 plus HST 50.89 Courier: $50 plus HST 56,5 6* Taxi to/from Court: $20 HST included 226 320 Cheque #6 J9 January 10 Court Fees J10 January 17 Roy Petty J11 January 31 J12 January 31 Petty Cash Winter 2020 J13 January 31 Wendy Byrde Accounting in the Legal Environmen Invoice Wendy for January fees and expenses as follows; Fees: 22 hours @ $275.00/hour=$6,050.00, plus HST Disbursements: $500.00, no tax 6,836.5 J14 January 31 Roy Petty Invoice Roy for January fees as follows; Fees: 10 hours @ $275.00/hour=$2,750 3101 Plus HST Complete bank reconciliation for the general account as found below and post entries as required. J15 Bank Reconciliation Maycock Specter Litt Bank Account-General January 1-31, 2020 Date Deposit January 1 Withdrawal 120.00 2500.00 200.00 January 5 January 31 January 31 January 31 January 31 Activity Cheque 2 Cheque 1 Cheque 3 Transfer Transfer Bank Charges Interest 5,000.00 3,107.50 Balance -120.00 -2,620.00 -2,820.00 2,180.00 5,287.50 5,257.50 5,252.25 30.00 5.25