Accounting Assignment - Transaction

AFV Golf Links is owned by Azmina Fazal. She operates the par-three golf courseand driving range. The trial balance of the business on September 30, 20 -- is shown on the following page. F.V. Golf Links charges 13% HST on all sales, rental, and food items. A.​ Journalize and post the transactions below for the month of October. Start on page 28 of the general journal. Be mindful that when you are posting you have forwarded balances from the end of September. B.​ Remit HST for October and post. C.​ Balance the ledger by means of a trial balance. D.​ Prepare an income statement for the month ended October Transactions per day of the month: Date Transaction 2 Cheque Copy No.552 - cash purchase of miscellaneous expense item $230.17 plus HST. 4 Purchase Invoice from Main Supply - for fertilizer, $1383.34 plus HST 5 Bank Debit Memo - Charges and Loan interest for September, $774.60. 7 Cheque No.553 - for wages for the week, $930.01. (For simplicity, normal payroll deductions are not considered) 8 Cash Receipts - For previous week, golf $3020.41, food $755.71, plus HST of $490.90, total $4267.02 9 Cheque Copy no.554 - to Main Supply, payment of debt owing, $1870.70 10 Purchase Invoice - From Blair’s Automotive for truck repairs, $306.79, plus HST. 11 Purchase Invoice - From Pro Equipment for golf supplies, $262.22, plus HST 13 Cheque No.555 - To the owner, for personal use, $1298.62 14 Cheque No.556 - for wages for the week, $1152.92 15 Cash Receipts - for previous week, gold $724.25, food $743.82, plus HST of $190.85, total $1658.92 15 Electronic Funds Transfer - Through the online banking site, paid $5000.00 to reduce the principal amount of the bank loan, confirmation number 634008A. 17 Purchase Invoice - From Pro Equipment for repairs to lawn mowers, $598.38, plus HST. 18 Cheque Copy - No.557, to Roger’s Automotive for repair to the business vehicle, $814.34 plus HST. 20 Cheque Copy - No.558, to Greco Investments for mortgage payment: mortgage interest (hint: there is an account for the interest) $778.61, mortgage reduction $1000.00, total payment of $1778.61. 21 Cheque Copy - No.559, for wages for the week, $1224.31 22 Cash Receipts - For previous week, golf $3332.25, food $789.20, plus HST of $535.79, total $4657.24. 23 Cheque Copy - No.560, to Pro Equipment, for partial payment of debt owning, $2000.00. 24 Purchase Invoice - From Main Supply, for office supplies, $136.76, plus HST 25 Purchase Invoice - From Blair’s Automotive for auto equipment repair, $429.33 plust HST 26 Cheque Copy - No.561, for the wages for the week, $1195.10. 28 Cheque Copy - No.562, for the cash purchase of miscellaneous expense item, $126.69 (+ hst???, did not mention) 29 Cash Receipts - for the previous week, golf $3015.09, food $884.65, plus HST of $506.97, total $4406.71 30 Cheque Copy - No.563, payment for heat and electricity for the month, $899.14 plus HST. 31 Cheque Copy - No.564, payment for cell phone service for the month, $211.72 plus HST 31 Cheque Copy - No.565, to the owner, for personal use, $1400.00 31 Cheque Copy - No.566, to remit taxes (you must calculate this if applicable) AFV Golf Links TRIAL BALANCE September 30, 20PR 101 Accounts Debits Bank 8750.20 Supplies - Golf Course 10236.00 Supplies - Office 3265.25 Property 225 112.65 Buildings 128 040.00 Automotive Equipment 30 956.00 Maintenance Equipment 22 650.60 Credits Bank Loan 120 000.00 A/P - Blair’s Automotive 250.50 A/P - Main Supply 1890.65 A/P - Pro Equipment 3582.10 HST Payable 1065.00 HST Recoverable 277.50 Mortgage Payable 170 000.00 A.Fazal, Capital 165 027.46 A.Fazal, Drawings 27 000.00 Revenue - Golf 89 982.50 Revenue - Food 875.75 Automotive Expenses 8944.52 Bank Charges Expenses 7842.25 Maintenance Expense 15846.28 Miscellaneous Expense 1882.61 Mortgage Interest Expense 6375.00 Telephone Expense 1028.33 Utilities Expense 9275.68 Wages Expense 45547.95