BAT4M Unit 1 Activity 2 Practice Question The following is the trial balance as at March 1, 2015 for Benoit Landscaping. Debit 6 500 4 900 25 464 37 914
Bank Supplies Equipment Trucks Bank Loan M. Benoit, Capital The Chart of Accounts is as follows: 1001 Bank 1100 Accounts Receivable (all) 1120 Supplies 1300 Equipment 1400 Trucks 2100 Accounts Payable (all) 2210 HST Payable 2220 HST Recoverable
______ 74 778 2300 3001 3002 4002 5010 5020 5030
Credit
40 000 34 778 74 778
Bank Loan M. Benoit, Capital M. Benoit, Drawings Landscaping Revenue Truck Maintenance Expense Bank Charges Rent Expense
1) Record the following transactions in the General Journal. HST is calculated at 13%. 2) Post the transactions in the General Journal to the T-account General Ledger. Transactions March 1. Cheque # 3067, paid monthly rent of $1 500 plus HST 2. Purchase Invoice # 1007 landscaping supplies on account from Landscape Design Supplies for $640 plus HST 3. Sales Invoice #601, M.P. Properties, $750 plus HST 4. Cash Sales Slip #2005, landscaping services, $1 250 plus HST 5. Sales Invoice #602, L. Holdings, $1 200 plus HST 6. Bank Debit Memo from the bank for service charges of $125 7. Cheque #3068, paid Landscape Design Supplies $300 on account 8. Cash Receipt # 2055, received $500 on account from M.P. Properties 9. $3000 monthly automatic payment on the bank loan is transferred from the bank account 10. Cash Receipt # 2056, received $1 000 on account from L. Holdings 11. Cheque #3069 to the owner for her personal use, $400 12. Purchase Invoice # 1008 from Fix-It Garage for truck repairs $220 plus HST
3 Cheque #31, paid Samson Beauty Supplies $100 on account. 4 Cash Receipt #20, received $50 on account from F. Manzo. 4 $400 monthly automatic payment on the bank loan is transferred from the bank account. 4 Cash sales slips for the day, $380 plus HS
Nov 26, 2007 - explains the recent economic recovery. â ... order conditions to fit the actual macroeconomic data, this method can be interpreted as a.
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Nov 26, 2007 - business cycle accounting to the Japanese economy in a deterministic way ... must be in data constructions, data sources and log-linearization.
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