Practice Transactions

Oct
Item Description
20~

4 Source Document: Purchase Invoice

For the following: An advertisement placed in the local paper.
Amount: $ 1,020.00 plus HST
Payment: Cash Tendered

5 Source Document: Purchase Invoice

For the following: Advance payment for a year's rental of the company's store retroactive to the 1st.
Amount: $ 800.00 plus HST
Payment: Cash Tendered

6 Source Document: Sales Return Slip

For the following: Damaged merchandise was received from the customer.
Amount: $ 820.00 plus HST
Payment: Credit Transaction

7 Source Document: Cheque Copy

For the following: Payment on account to Hong Kong Toy Suppliers Inc.
Amount: $ 130.00
Payment: Cash Paid Out
Terms we took: 2 /10, n/30

8 Source Document: Memo from owner, J. Boulton

For the following: Owner withdrew pencils and erasers from the business to write her first novel.
Amount: $ 260.00 plus HST
Payment: N/A

9 Source Document: Sales Invoice

For the following: Goods purchased by Sarita Guardado.
Amount: $ 7,300.00 plus HST
Payment: Cash Tendered
Terms we offered: 2 /10, n/30

10 Source Document: Vendor's Credit Memo

For the following: Inventory damaged upon arrival from the vendor was returned.
Amount: $ 295.00 plus HST
Payment: Credit Transaction
 General Journal

Date
Description Particulars

1 4
er. 2
3
4
5
6
7 5
he company's store retroactive to the 1st. 8
9
10
11
12
13 6
m the customer. 14
15
NOTE: goods have already been paid for. 16
17
18
19 7
Suppliers Inc. 20
21
22
23
24
25 8
m the business to write her first novel. 26
27
28
29
30
31 9
32
33
34
35
36
37 10
e vendor was returned. 38
39
NOTE: goods have not yet been paid for. 40
41
42
l Journal

P.R. Debit Credit

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42