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Assignment Jack Whitcombe and Sons is a consultant engineering firm

Accounting Feb 28, 2021

Assignment Jack Whitcombe and Sons is a consultant engineering firm. The accounts for the firm are as follows. Bank A/R-various Supplies Office Equipment Automobile A/P-various HST Recoverable HST Payable J. Whitcombe, Capital J. Whitcombe, Drawings Fees Earned Bank Charges Car Expense Office Expense Rent Expense Wages Expense Journalize the following transactions, using the general journal page below. The rate for HST is 13%. Calculate and add the HST on all sales and purchase transactions. (round the amounts to the nearest two decimal places) The page number of the journal is 16. Transactions Oct. 2 Cash Sales Slip No. 102 to S. Stewart, $102.50 plus taxes. Sales Invoice No. 617 to Jack Morrison, $250.90 plus taxes. 6 10 12 Cheque Copy No. 910 to Industrial Suppliers, $500 on account. Cash Receipt From Jack Mahoney, $322.50 on account. Purchase Invoice From Grand's Stationers, $60.50 for office supplies plus HST of 7.87, total $68.37. Cheque Copy No. 911 to Jack Whitcombe, $525 for personal use. 18 20 24 Bank Debit Memo $31.90 for bank service charge. 30 Cheque Copy No. 912 to W. Moss, $900 for part-time wages. 31 Cash Sales Slip No. 103 to J. Beck, $450 plus taxes. 31 Cheque Copy The balances in the HST accounts for the previous period were: HST Recoverable $770 and HST Payable $1820. Cheque 913 was written to the Receiver General (CRA) for $1050 to clear the accounts for that period.

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