Journalizing HST – General Journal:
Ex. 5 p. 201 (t), p. 103 (w)
Journalize these transactions in a twocolumn general journal, using the accounts
shown below. The rate for HST is 13%. The
next page number in the journal is 7.
Transactions
4 Sales Invoice
No. 571, to R. Chevrier for photo services,
$275.00 plus HST of $35.75, total $310.75
What accounts are affected?
• A/R- R. Chevrier will be debit (asset increase)
• Fees Earned will be credit (Revenue increase)
• HST Payable will be credit (collected from
customer)
Page 7
2012
Date Account Title & Explanation
Nov
4 A/R- R. Chevrier
Fees Earned
P
R
Debit
3 1 0 75
Credit
2 7 5-
HST Payable
To record sale on account
3 5 75
Debit accounts
Listed First
6 Purchase Invoice
No. 7943, from Black’s Photo for photo supplies,
$265.00 plus HST of 34.45, total $299.45
What accounts will be affected?
• Photo Supplies will be debited (assets increase)
• HST Recoverable will be debited (paid HST on asset)
• A/P- Black’s Photo will be credited (purchased on
account)
Page 7
2012
Date Account Title & Explanation
Nov
4 A/R- R. Chevrier
Fees Earned
P
R
Debit
3 1 0 75
2 7 5-
HST Payable
To record sale on account
6 Photo Supplies
HST Recoverable
A/P- Black's Photo
To record purchase of supplies on account
Credit
3 5 75
2653 4 45
2 9 9 45
9 Purchase Invoice
No. 2332, from Jack’s Auto for regular maintenance of
the company car, $175.00 plus HST of $22.75, total
197.75
What accounts will be affected?
• Car Expense will be debited (expense increases)
• HST recoverable will be debited (recover tax for
business)
• A/P- Jack’s Auto will be credited (paid on account)
Page 7
2012
Date Account Title & Explanation
Nov
4 A/R- R. Chevrier
Fees Earned
P
R
Debit
3 1 0 75
Credit
2 7 5-
HST Payable
To record sale on account
3 5 75
6 Photo Supplies
HST Recoverable
A/P- Black's Photo
To record purchase of supplies on account
2653 4 45
9 Car Expense
HST Recoverable
A/P- Jack's Auto
To record car expense on account
1752 2 75
2 9 9 45
1 9 7 75
10 Cheque Copy
No. 652, issued to the owner for his own use,
$925.00
What accounts will be affected?
• W. Seibert, drawings will be debited (owner’s
equity decreases)
• Bank will be credited (assets decreases)
Page 7
2012
Date Account Title & Explanation
10 W. Siebert, Drawings
Bank
To record owner withdrawal
P
R
Debit
9 2 5-
Credit
9 2 5-
12 Cash Sales Slip
No. 214, for photo work performed, $145.00, plus
HST of $18.85, total $163.85
What accounts will be affected?
• Bank will be debit (asset increases)
• Fees earned will be credited (Revenue increases)
• HST Payable will be credited (Collected from
customer)
Page 7
2012
Date Account Title & Explanation
10 W. Siebert, Drawings
Bank
P
R
Debit
9 2 5-
Credit
9 2 5-
To record owner withdrawal
12 Bank
Fees Earned
HST Payable
To record sale for cash
1 6 3 85
1 4 51 8 85
15 Bank Debit Memo
From Commercial Bank for bank service charges,
$35.50, which are HST exempt
What accounts will be affected?
• Bank Charges Expense (expense increases)
• Bank will be credited (asset decreases)
Page 7
2012
Date Account Title & Explanation
10 W. Siebert, Drawings
Bank
P
R
Debit
9 2 5-
Credit
9 2 5-
To record owner withdrawal
12 Bank
Fees Earned
HST Payable
To record sale for cash
15 Bank Charges Expense
Bank
To record bank service charges
1 6 3 85
1 4 51 8 85
3 5 50
3 5 50
22 Cash Receipt
Remittance Slip No. 312, showing the receipt of
$412.00 from H Walker on account.
What accounts will be affected?
• Bank will be debited (asset increases)
• A/R- H. Walker will be credit (asset decreases)
Page 8
2012
Date Account Title & Explanation
Nov 22 Bank
A/R- H. Walker
P
R
To record payment received from H. Walker
Debit
4 1 2-
Credit
4 1 2-
23 Memorandum
From the owner stating that he had taken $75.00 of
photo supplies for his personal work at home
What accounts will be affected?
• W. Siebert, Drawings will be debited (Drawings
increases)
• Photo Supplies will be credited (assets decrease)
Page 8
2012
Date Account Title & Explanation
Nov 22 Bank
A/R- H. Walker
P
R
Debit
4 1 2-
Credit
4 1 2-
To record payment received from H. Walker
23 W. Siebert, Drawings
Photo supplies
To record photo supplies taken by owner
757 5-
25 Cheque Copy
No. 653, paying for the supplies purchased
above on November 6.
What accounts will be affected?
• A/P- Black’s Photo will be debited (liabilities
decreases)
• Bank will be credited (assets decrease)
Page 8
2012
Date Account Title & Explanation
Nov 22 Bank
A/R- H. Walker
P
R
Debit
4 1 2-
Credit
4 1 2-
To record payment received from H. Walker
23 W. Siebert, Drawings
Photo supplies
To record photo supplies taken by owner
75-
25 A/P- Black's Photo
Bank
To record payment to A/P- Black's Photo
2 9 9 45
7 5-
2 9 9 45
28 Purchase Invoice
No. 55521, received from Oakley Motors for body
repairs on the business automobile, $750.00 plus
HST of $97.50, total $847.50
What accounts will be affected?
• Car expense will be debited (expenses increase)
• HST Recoverable will be debited (pay HST)
• A/P- Oakley Motors will be credited (liabilities
increase)
Page 8
2012
Date Account Title & Explanation
Nov 22 Bank
A/R- H. Walker
P
R
Debit
4 1 2-
Credit
4 1 2-
To record payment received from H. Walker
23 W. Siebert, Drawings
Photo supplies
To record photo supplies taken by owner
75-
25 A/P- Black's Photo
Bank
To record payment to A/P- Black's Photo
2 9 9 45
28 Car Expense
HST Recoverable
A/P- Oakley Motors
7509 7 50
7 5-
2 9 9 45
8 4 7 50