These transactions occurred during the second half of January. Continue the General Journal where you left off in the previous chapter. Be sure to account for HST as indicated. 20- Jan. 16 Bought advertising space in the local community newspaper, $125 plus 13% HST. Issued Cheque #7. 16 Paid shipping costs on the merchandise bought on the 5th, $85 plus HST. Issued Cheque #8. 17 Paid transportation cost for new paint mixer and colour dispenser bought on the 9th and delivered from Toronto. Issued Cheque #9 for $84.75 (includes $9.75 HST). 20 Cash sales: paint and supplies, $2,500; wallpaper, $2,000; plus HST 21 Paid delivery costs for paint and supplies delivered to our cus- tomer, $60 plus HST. Cheque #10. 26 Bought paint and supplies, $8,500 plus HST. Cheque #11. 26 Paid the shipping on paint and supplies bought today, $45 plus HST. Cheque #12. 30 Cash sales: paint and supplies, $3,000; wallpaper, $1,000; plus HST.

These transactions occurred during the second half of January. Continue the General Journal where you left off in the previous chapter. Be sure to account for HST as indicated. 20- Jan. 16 Bought advertising space in the local community newspaper, $125 plus 13% HST. Issued Cheque #7. 16 Paid shipping costs on the merchandise bought on the 5th, $85 plus HST. Issued Cheque #8. 17 Paid transportation cost for new paint mixer and colour dispenser bought on the 9th and delivered from Toronto. Issued Cheque #9 for $84.75 (includes $9.75 HST). 20 Cash sales: paint and supplies, $2,500; wallpaper, $2,000; plus HST 21 Paid delivery costs for paint and supplies delivered to our cus- tomer, $60 plus HST. Cheque #10. 26 Bought paint and supplies, $8,500 plus HST. Cheque #11. 26 Paid the shipping on paint and supplies bought today, $45 plus HST. Cheque #12. 30 Cash sales: paint and supplies, $3,000; wallpaper, $1,000; plus HST.

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter10: Cash Receipts And Cash Payments

Section: Chapter Questions

Problem 5PB

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