B. Give the journal entry to be made in the books of the purchaser, if the account to be debited is J. McCuaig, Drawings. (The owner plans to use the goods for his personal use.) PO. Box 29 RO3 ONO FL Falcon Lake Manitoba Phone 20482-9999 Fax 204424 FALCON LAKE MARINA McCuaig Supply SOLD TO 601 Stafford street Winnipeg, MS RIM 2X7 July 3, 20- DATE TERMS Net 30 days QUANTITY PART NO. DESCRITION PRCE AMOUNT 77-1139 Saturn off-shore $95.00 570.00 299.00 compasses 03-3295 LO2 dual log indicator 598.00 $1 168.00 74 PST 81.76 $1 249,76 SALES INVOICE NO. 3267
B. Give the journal entry to be made in the books of the purchaser, if the account to be debited is J. McCuaig, Drawings. (The owner plans to use the goods for his personal use.) PO. Box 29 RO3 ONO FL Falcon Lake Manitoba Phone 20482-9999 Fax 204424 FALCON LAKE MARINA McCuaig Supply SOLD TO 601 Stafford street Winnipeg, MS RIM 2X7 July 3, 20- DATE TERMS Net 30 days QUANTITY PART NO. DESCRITION PRCE AMOUNT 77-1139 Saturn off-shore $95.00 570.00 299.00 compasses 03-3295 LO2 dual log indicator 598.00 $1 168.00 74 PST 81.76 $1 249,76 SALES INVOICE NO. 3267
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Replace all taxes given in the question with HST of 13%
![2. The invoice on the next page was issued by Falcon Lake Marina. Ignore GST.
A. Give the journal entry to be made in the books of the vendor.
(Ignore the cost of the inventory leaving the store; simply record the
sales aspect of the transaction.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8fe75adb-cf56-4931-9988-1916d68f24a0%2F19ae9ae4-d10e-4e0c-b36d-a76cec1aafe3%2F20tei97_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2. The invoice on the next page was issued by Falcon Lake Marina. Ignore GST.
A. Give the journal entry to be made in the books of the vendor.
(Ignore the cost of the inventory leaving the store; simply record the
sales aspect of the transaction.)
![B. Give the journal entry to be made in the books of the purchaser,
if the account to be debited is J. McCuaig, Drawings. (The owner
plans to use the goods for his personal use.)
Falcon Lake
Manitoba
PO. Box 298
RO3 ONO
Phone 204-842-9999
Fax 204-842-9966
FL
FALCON LAKE MARINA
McCuaig Supply
SOLD TO 601 Stafford Street
DATE
July 3, 20-
Winnipeg, MB
Net 30 days
TERMS
R3M 2X7
QUANTITY
PART NO.
DESCRIPTION
PRICE
AMOUNT
77-1139
Saturn off-shore
$ 95.00 $ 570.00
598.00
compasses
2.
03-3295
LG2 dual log indicator
299.00
$1 168.00
74 PST
a1.76
$1 249, 76
SALES INVOICE
NO. 3267](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8fe75adb-cf56-4931-9988-1916d68f24a0%2F19ae9ae4-d10e-4e0c-b36d-a76cec1aafe3%2F3s3eycs_processed.jpeg&w=3840&q=75)
Transcribed Image Text:B. Give the journal entry to be made in the books of the purchaser,
if the account to be debited is J. McCuaig, Drawings. (The owner
plans to use the goods for his personal use.)
Falcon Lake
Manitoba
PO. Box 298
RO3 ONO
Phone 204-842-9999
Fax 204-842-9966
FL
FALCON LAKE MARINA
McCuaig Supply
SOLD TO 601 Stafford Street
DATE
July 3, 20-
Winnipeg, MB
Net 30 days
TERMS
R3M 2X7
QUANTITY
PART NO.
DESCRIPTION
PRICE
AMOUNT
77-1139
Saturn off-shore
$ 95.00 $ 570.00
598.00
compasses
2.
03-3295
LG2 dual log indicator
299.00
$1 168.00
74 PST
a1.76
$1 249, 76
SALES INVOICE
NO. 3267
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