Answered: Below the General Journal entries from…

Below the General Journal entries from Part B, record the following six transactions. XYZ Co. operates in Saskatchewan (GST 5% & PST 6%).

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter21: Accounting For Accruals, Deferrals, And Reversing Entries

Section21.1: Accruals

Problem 1OYO

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Question

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I need those part general journal

Part B)
Below the General Journal entries from Part A, enter in all the remaining January transactions
for KBC Decorating Co. found on page 77 in your text (transactions start on Jan. 16 and there
are eight transactions in total). NO POSTING IS REQUIRED. Use the same account names that
you used for Assignment #1, plus these accounts: HST Payable, HST-ITC, Freight In & Delivery
Expense
Part C)
Below the General Journal entries from Part B, record the following six transactions. XYZ Co.
operates in Saskatchewan (GST 5% & PST 6%).
Jan
05
Bought merchandise worth $5,780 plus 5% GST. Issued cheque #55.
11
Cash sales for the week, $1,600 plus GST & PST.
13
Paid telephone bill, $80.85, which includes both taxes by cheque #56.
Sold merchandise on account for $775 plus both taxes to R. Deering.
Sales invoice #62, terms n/30.
15
22
Bought warehouse supplies, $177 plus both taxes. Paid cash.
Bought merchandise on account from Super Suppliers Inc., $6,459 (GST
included). Invoice SSI #164, terms n/15.
29

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