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
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
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter12: Special Journals
Section: Chapter Questions
Problem 4CE: Enter the following transactions in a cash payments journal like the one illustrated in the chapter:...
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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
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