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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, <>, consulting, and invest

$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:

1.
2. General Journal entries
3. Post to General Ledger
4. Trial Balance
5. Income statement
6. Owner Equity
7. Balance Sheet

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