Hopewells Accounting Services
Journalize the following transactions in the following journal page (below),
Explanations and posting references (P.R.) for the transactions are not necessary.
Leave a space between each transaction.
The HST rate is 13%
March:
March of the current year:
1 - Sold accounting services to Cof Industries for $1 000 plus HST on account.
5 - Purchased equipment from BMI Electronics on account for $2 000 plus HST.
6 - Purchased supplies for cash for $300 plus HST.
10 - Sold accounting services to Nestl Corp. for $1 500 cash plus HST.
15 - Filed HST return to the government for the month of February. Enclosed a cheque with the remittance.
Here are the account balances:
HST Payable
1500.00
HST Recoverable
650.00
HST Owing/ (Recoverable)
$850.00
17 - Sold $3 000 of accounting services to Nestl Corp. on account plus HST.
22 - Sold $1 400 of accounting services for cash plus HST.
Date
Particulars
P.R.
Debit
Chart of accounts
Bank
A/R - Coffee Industries
A/R - Nestle Corp.
Supplies
Equipment
A/P BM Electronices
HST Payable
HST Recoverable
Capital
Drawings
Revenues
Expenses
Credit