Organization Costs S&W Plumbing decided to incorporate and has incurred the following costs of organizing: Incorporation fees $ 400 Attorneys' fees 4,200 Promotion expenses 5,300 Prepare the entry for the payment of these organization costs for cash on January 31. Page: DATE ACCOUNT TITLE DOC. POST. DEBIT CREDIT NO. REF. 20-- Jan. 31 2. 3.

Organization Costs S&W Plumbing decided to incorporate and has incurred the following costs of organizing: Incorporation fees $ 400 Attorneys' fees 4,200 Promotion expenses 5,300 Prepare the entry for the payment of these organization costs for cash on January 31. Page: DATE ACCOUNT TITLE DOC. POST. DEBIT CREDIT NO. REF. 20-- Jan. 31 2. 3.

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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Transactions for you to complete 1) Create A Supplier Account. Supplier: Ink Inspector Address: Oakville, ON Terms: N30 Exp acct: 5250 Licenses Tax Code: HI (HST @ 13%, included) 2) Create A Customer Account. Client: Noya Modeling Agency Terms: 1/15, N30 Address: Hamilton, ON Tax Code: H (HST @13%) Rev acct: 4050 Rev from services Credit Limit: $10,000 Change the Session Date to April 8, 2022 3) Enter the following transactions into Sage. Purchase Invoice #GB-806 Dated April 4 from Germ Busters; $3,750, plus HST for new sterilization equipment (add freight charges of $225 + HST). (Pay attention to the words! This is not sterilized needles; this is for sterilization equipment. You need to change the account number.) Sales Invoice Dated April 4 to Noya Modeling Agency $8,000, plus HST for laser treatments to remove tattoos on new models hired in the agency. Credit Card Sales Invoice Dated April 4 to One-Time walk-in clients. Sales Summary: $1,420, plus HST for laser treatments. Payment…
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