Summary BAF3MU - Lesson 11 Assignment 2

U3A7 Instructions

1. Record the journal entries. HST = 13%

2. Do an equality check to ensure that debits equal credits in the journal.

3. Set up the ledger using the Chart of Accounts.

4. Record the opening balances from the Trial Balance in the ledger.

5. Post the journal entries to the ledger and use formulas to create running totals.

6. Do an equality check to ensure that the debits equal credits in the ledger.




General Journal Page: 33


Date
Particulars P.R. Debit Credit
2015
Oct 4 Bank
HST Payable $ 135.60
Revenue $ 15.60
Sale Paid Cash $ 120.00

7 Wages Expense $ 475.00
Bank $ 475.00
Paid Wages For Previous Week

7 A/P Gravel Co. $ 1,500.00
Bank $ 1,500.00
Payment On Account

10 Bank $ 370.00
A/R - P. Brown $ 370.00
Received Full Payment Of Account

15 Supplies $ 500.00
HST Recoverable $ 65.00
A/R - Gravel Co. $ 565.00
Purchesed Supplies On Account

21 A/R - P.Brown $ 141.25
HST Payable $ 16.25
Revenue $ 125.00
Sale On Account

25 C. Fitzgereld, Drawing $ 350.00
Bank $ 350.00
Owner Withdrew Cash For Personal Use
These are pencil
footings - just a check to e
that debits equal credits.

, These are pencil
footings - just a check to e
that debits equal credits.
$ 3,536.85 $ 3,536.85