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Please record all the transactions listed below using the ACCOUNTS...

Please record all the transactions listed below using the ACCOUNTS section using this format below. Finish transactions 2 to 18 (including the transactions in the TWO images). Here is an example of the first transaction. Include the SOURCE, the DATE, the name of ACCOUNTS affected, and the AMOUNTS associated with their names.



1.Purchase Invoice #BH-5621 Dated June 2, 2020

From Badlands Hardware, $155 plus $7.75 GST paid for paint and stencils to add

logos to dumpsters. Purchase invoice total $162.75. Terms: net 20 days.



Source:BH-5621                                                                                                Date:June 2,2020




Account                         Debit        Credit
1360 Supplies                   155.00
2670 GST Paid on Purchases        7.75
2100 A/P-Badlands Hardware                   162.75

Listed are the accounts that will need to be used. Keep in mind that some NEW accounts will need to be added depending if the question asks for a different account.


ACCOUNTS Section

1080 Chequing Account

1200 A/R-Ontime Contracting

1220 A/R-Piper Crook Mail

1240 A/R-Redbird Brothers

1320 Prepaid Insurance

1340 Prepaid Rent

1360 Supplies

1520 Computers and Software

1540 Tools

1560 Dumpsters

1580 Trucks

2100 A/P-Badlands Hardware

2120 A/P-Hoodoos Containers

2180 A/P-Red Door Promotions

2650 GST Charged on Services

2670 GST Paid on Purchases

3100 Binh's Bins, Capital

3150 Binh's Bins, Drawings

4100 Revenue from Dumpster Rentals

4150 Revenue from Subcontracting

4200 Interest Revenue

5020 Advertising and Promotion

5040 Bank Charges

5060 Insurance Expense

5080 Interest Expense

5100 Maintenance and Repairs

5110 Supplies Used

5120 Rental Expenses

5140 Phone/Internet Expense

5150 Truck Expense

5160 Wages Expense


2.Bank Credit Memo #RDT-C4778 Dated June 3, 2020

From Red Deer Trust, $40 000 bank loan secured for purchase of additional large

dumpster bins. Loan deposited into bank account. Create new Group account

2250 Bank Loan.


3.Purchase Invoice #HC-7655 Dated June 3, 2020

From Hoodoos Containers, $35 550 plus $1 777.50 GST to purchase additional

dumpsters. Purchase invoice total $37 327.50. Terms: net 30 days.


4.Memo #1 Dated June 4, 2020

From Owner: The invoice from Badlands Hardware was entered incorrectly. The

cost of the supplies was $170 plus $8.50 GST paid. The revised purchase invoice

total is $178.50. Adjust the posted invoice to make the correction.


5.Payment Cheque #488 Dated June 5, 2020

To Red Deer Promotions, $2 940 in payment of invoice #RDP-8668.


6.Receipt #120 Dated June 5, 2020

From Redbird Brothers, cheque #98 for $5 880 in payment of invoice #BB-351.


7.Sales Invoice #BB-363 Dated June 6, 2020

To Watershed Insurance (new customer), $6 400 plus $320 GST charged for

dumpster rentals for flood damage cleanup. Sales invoice total $6 720. Terms:

net 20 days. Create new Group account 1260 A/R - Watershed Insurance.


8.Purchase Invoice #SM-6111 Dated June 6, 2020

From Sylvan Motors, $960 plus $48 GST paid for lube, oil and filter changes for

three trucks. Purchase invoice total $1 008. Terms: net 30 days. Create new

Group account 2200 A/P - Sylvan Motors.


9.Bank Debit Memo #RDT-D3691 Dated June 8, 2020

From Red Deer Trust, $129 for bank service charges.


10.Purchase Invoice #WD-4499 Dated June 10, 2020

From Western Data , $840 plus $42 GST paid for new dispatch and scheduling

software. Purchase invoice total $882. Terms: net 10 days. Create new Group

account 2220 A/P - Western Data.


11.Cheque #489 and Memo #2 Dated June 11, 2020

Binh paid his business telephone bill from his personal chequing account. He

wrote cheque #489 for $361.20 to reimburse himself for this expense. The

telephone bill was $344 plus $17.20 GST.


12.Payment Cheque #490 Dated June 11, 2020

To Hoodoos Containers, $37 327.50 in full payment of account. Reference invoice

#HC-7655.


13.Receipt #121 Dated June 12, 2020

From Ontime Contracting, cheque #58821 for $2 730 in full payment of invoice

#BB-338.


14.Sales Invoice #BB-364 Dated June 14, 2020

To Piper Creek Mall, $3 800 plus $190 GST charged for dumpster rentals during

renovations. Sales invoice total $3 990. Terms: net 30 days.


Image transcription text

SESSION DATE - JUNE 21, 2020 To: Binh's Bias 672 Alleyway Prive Sylvan Motors Red Deer, AB 179 Towing Blvd.. Red Deer, AB TAP 152 Date: June 15, 2020 Tel: 403-775-6116 No SM-7941 Description of Rem Truck Repairs 1.900.00 Termin net 30 days 1. 940. 00 Signature Binh Than OST 45.00 51. 995.00

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Image transcription text

16 Binh's Bins RED DEERTRUST 672 Alleyway Drive 194 Money Drive Fled Deer AD TAR 2T4 PD Red Deer, AB T45 3P1 No: 491 Date 20 20 0 6 18 Pay One Hundred Seventy Eight dollars and 50 cents 178.50 Binh's Bins TO THE Badlands Hardware ORDER 449 Gadgets Way Binh Than Red Deer AB TAY 5GO L me- 0361 -: 0413 Re: Pay (corrected) invoice BH-5621 No: 491 $178.50 June 18, 2020

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