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11:01 ONS 82% View Zoom Al Pas non Table...

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Accounting

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11:01 ONS 82% View Zoom Al Pas non Table Chan Shape Media Comment Colla III PART CAPPLICATION (10 marks) 1. Fabs Products offers a variety of credit terms to customers. Record the following transactions for February on page 16 of a General Journal. All sales are subject to 13% HST. (1 mark per transaction) Feb. 2 Sold merchandise to M. Attanslo for $700 plus taxes, Invoice 1253 4 Issued Cheque 566 to pay $90.40 ($80.00 plus $10.40 HST) delivery charges for the merchandise shipped to R. Dumont Co. 7 The weekly cash register tape showed cash sales $5500.00, HST $715, total cash $6215 9 Sold merchandise to K. Tomoss) for $580,00 plus taxes, Invoice 123. 10 Refunded $55.40 cash to a customer who made a cash purchase on Feb 7. ($6.37 HST, $49.03 merchandise). 11 Received Cheque 228 from ). Diana for $195.00 in full payment of his account. Refunded cash to a customer for goods returned. The original sale was $93 plus HST $12.09, total $105.09. Received Cheque 827 from M. Attansio in full payment of Invoice 1253. 29 HST was remitted to the federal government by Cheque 565 for the month of February. The HST Payable account balance was $1750.00, and the HST Refundable account balance was $2230.00. 14

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