Question
Year Month Day *unless otherwise stated, all transactions are for cash 1 2018 May 2 You open a business ca lled, < >, consulting, and
| Year | Month | Day | *unless otherwise stated, all transactions are for cash |
|
1 | 2018 | May | 2 | You open a business called, < | $60,500.00 |
2 | 2018 | May | 3 | You pay cash for computer equipment + GST +QST | $16,552.00 |
3 | 2018 | May | 4 | You pay cash for office equipment + GST +QST | $15,217.00 |
4 | 2018 | May | 6 | You buy computer equipment for $10,251.00 and office equipment for $13,619.00 from XYZ inc. on account (credit) + GST +QST | $23,870.00 |
5 | 2018 | May | 7 | You provide professional services to a client and are paid in cash + GST +QST | $8,518.00 |
6 | 2018 | May | 8 | You pay the rent in cash | $1,500.00 |
7 | 2018 | May | 10 | You withdraw cash for personal use | $2,155.00 |
8 | 2018 | May | 10 | You pay cash for advertising + GST +QST | $9,000.00 |
9 | 2018 | May | 12 | You pay your secretarys salary | $810.00 |
10 | 2018 | May | 13 | You provide professional services to ABZ Enterprise on account (credit) + GST +QST | $18,783.00 |
11 | 2018 | May | 14 | You make a partial payment towards the purchase dated March 6th | $15,000.00 |
12 | 2018 | May | 18 | You provide professional services on account for Herzing Company (credit) + GST +QST | $12,367.00 |
13 | 2018 | May | 20 | You withdraw cash for personal use | $10,150.00 |
14 | 2018 | May | 21 | You receive partial payment for services rendered on May 13th. | $6,213.00 |
15 | 2018 | May | 26 | You pay a salary to your secretary | $900.00 |
16 | 2018 | May | 27 | You receive partial payment for services rendered on May 13th. | $6,767.00 |
17 | 2018 | May | 27 | You provide professional services to Herzing Company and are paid in cash + GST +QST
| $20,485.00 |
18 | 2018 | May | 28 | You receive payment from Herzing Company for professional services rendered on May 18th. | $5,070.00 |
19 | 2018 | May | 29 | You make a payment on your purchase made March 6th | $6,000.00 |
Prepare the following documents:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started