Q1. Record the following transactions in a general journal for Voyageur Sports Ltd. Nov 7 Cash sales slips totalled $3295 plus $197.70 GST. Cash was deposited Issued Sales Invoice 87-B to A. Michaels, terms 3/15, n/30, amount $2000, not subject to PST, GST $120 Nov 8 Received bank credit memo for $215, interest earned by the company Nov 9 Received bank debit memo for $25, plus $1.50 GST, for the annual charge for a safety deposit box. Total $26.50 Nov 15 Received cheque from A. Michaels, $2056.40 for Invoice 87-B, less $63.60 discount. Cheque was deposited

Q1. Record the following transactions in a general journal for Voyageur Sports Ltd. Nov 7 Cash sales slips totalled $3295 plus $197.70 GST. Cash was deposited Issued Sales Invoice 87-B to A. Michaels, terms 3/15, n/30, amount $2000, not subject to PST, GST $120 Nov 8 Received bank credit memo for $215, interest earned by the company Nov 9 Received bank debit memo for $25, plus $1.50 GST, for the annual charge for a safety deposit box. Total $26.50 Nov 15 Received cheque from A. Michaels, $2056.40 for Invoice 87-B, less $63.60 discount. Cheque was deposited

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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