These transactions occurred during the second half of January. Continue the General Journal where you left off in the previous chapter. Be sure to account for HST as indicated. 20- Jan. 16 Bought advertising space in the local community newspaper, $125 plus 13% HST. Issued Cheque #7. 16 Paid shipping costs on the merchandise bought on the 5th, $85 plus HST. Issued Cheque #8. 17 Paid transportation cost for new paint mixer and colour dispenser bought on the 9th and delivered from Toronto. Issued Cheque #9 for $84.75 (includes $9.75 HST). 20 Cash sales: paint and supplies, $2,500; wallpaper, $2,000; plus HST 21 Paid delivery costs for paint and supplies delivered to our cus- tomer, $60 plus HST. Cheque #10. 26 Bought paint and supplies, $8,500 plus HST. Cheque #11. 26 Paid the shipping on paint and supplies bought today, $45 plus HST. Cheque #12. 30 Cash sales: paint and supplies, $3,000; wallpaper, $1,000; plus HST.
These transactions occurred during the second half of January. Continue the General Journal where you left off in the previous chapter. Be sure to account for HST as indicated. 20- Jan. 16 Bought advertising space in the local community newspaper, $125 plus 13% HST. Issued Cheque #7. 16 Paid shipping costs on the merchandise bought on the 5th, $85 plus HST. Issued Cheque #8. 17 Paid transportation cost for new paint mixer and colour dispenser bought on the 9th and delivered from Toronto. Issued Cheque #9 for $84.75 (includes $9.75 HST). 20 Cash sales: paint and supplies, $2,500; wallpaper, $2,000; plus HST 21 Paid delivery costs for paint and supplies delivered to our cus- tomer, $60 plus HST. Cheque #10. 26 Bought paint and supplies, $8,500 plus HST. Cheque #11. 26 Paid the shipping on paint and supplies bought today, $45 plus HST. Cheque #12. 30 Cash sales: paint and supplies, $3,000; wallpaper, $1,000; plus HST.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
Case study once decorating co. I need only general journal
Transcribed Image Text:dfges not be debited to the Freight In
the account used to record the cost of delivering merchandise to our
own customers.
4. When is the Duty & Brokerage account used?
5. When merchandise and non-merchandise items are imported from other
countries, when is GST/HST calculated and recorded?
CASE STUDY: KBC DECORATING CO.
JANUARY TRANSACTIONS CONTINUED
These transactions occurred during the second half of January. Continue the
General Journal where you left off in the previous chapter. Be sure to account for
HST as indicated.
20-
Jan.
16 Bought advertising space in the local community newspaper, $125
plus 13% HST. Issued Cheque #7.
16 Paid shipping costs on the merchandise bought on the 5th, $85
plus HST. Issued Cheque #8.
17 Paid transportation cost for new paint mixer and colour dispenser
bought on the 9th and delivered from Toronto. Issued Cheque #9
for $84.75 (includes $9.75 HST).
20 Cash sales: paint and supplies, $2,500; wallpaper, $2,000; plus HST.
21 Paid delivery costs for paint and supplies delivered to our cus-
tomer, $60 plus HST. Cheque #10.
Paid the shipping on paint and supplies bought today, $45 plus
HST. Cheque #12.
26 Bought paint and supplies, $8,500 plus HST. Cheque #11.
26
30 Cash sales: paint and supplies, $3,000; wallpaper, $1,000; plus HST.
AT MONTH-END
uing to the ledger accounts and prepare a trial balance on Jan
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