GST -5% QST- 9.975%Prepare Journal entries,Post to General Ledger,Trial Balance,, Income statement, Owner Equity and Balance Sheet. YearMonth Day *unless otherwise stated, all transactions are for cash2 You open a business called, <>, consulting, and invest$60,500.0012018Мay$16,552.003You pay cash for computer equipment+ GST +QST2018May$15,217.004You pay cash for office equipment+ GST +QST2018MayYou buy computer equipment for $10,251.00 and6.$23,870.0042018Mayoffice equipment for $13,619.00 from XYZ inc, on account (credit) + GST +QST7 You provide professional services to a client and are paid in cash + GST +QST$8,518.002018May$1,500.008You pay the rent in cash62018May10 You withdraw cash for personal use$2,155.0072018May$9,000.008.10 You pay cash for advertising+ GST +QST2018May12 You pay your secretary's salary$810.002018May1013 You provide professional services to ABZ Enterprise on account (credit)$18,783.002018May+ GST +QST$15,000.001114 You make a partial payment towards the purchase dated March 6th2018May18 You provide professional services on account for Herzing Company (credit)+ GST +QST12$12,367.002018May1320 You withdraw cash for personal use$10,150.002018May21 You receive partial payment for services rendered on May 13thMay$6,213.001420181526 You pay a salary to your secretary$900.002018May27 You receive partial payment for services rendered on May 13th.May$6,767.00162018$20,485.001727 You provide professional services to Herzing Company and are paid in cash+ GST +QST2018May$5,070.001828 You receive payment from Herzing Company for professional servicesrendered on May 18th29 You make a payment on your purchase made March 6th2018May$6,000.00192018May2.3.9.

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Answered: GST -5% QST- 9.975% Prepare Journal…

GST -5% QST- 9.975% Prepare Journal entries,Post to General Ledger,Trial Balance,, Income statement, Owner Equity and Balance Sheet.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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