U3A7 Instructions

1. Record the journal entries. HST = 13%

2. Do an equality check to ensure that debits equal credits in the journal.

3. Set up the ledger using the Chart of Accounts.

4. Record the opening balances from the Trial Balance in the ledger.

5. Post the journal entries to the ledger and use formulas to create running totals.

6. Do an equality check to ensure that the debits equal credits in the ledger.

General Journal Page: 33

Date
Particulars P.R. Debit Credit
2015

Nov 3 Bank 339.00

Revenue 300.00
HST Payable 39.00
Completed a sign for ABC Retailer for cash

5 Wages Expense 300.00

Bank 300.00
Paid wages

9 A/P brushes & Things 800.00

Bank 800.00
Made payment on Brushes & Things A/P

10 Bank 525.30
A/R Canadian Crafters 525.00
Received payment on account from Cdn Craft

15 Supplies 400.00
HST Recoverable 52.00
A/P Business D. 452.00
bought supplies on account from Business D.

21 Drawings 500.00
Bank 500.00
owner withdrew cash
30 HST Payable 380.00
HST Recoverable 65.00
Bank 315.00
Remit HST to government

3,296.30 3,296.00
 D. Metzer, Sign Maker

General Journal

Chart of Accounts
No.
101 Bank Account 101
Date Particulars P.R. Debit Credit Balance 110
2013 b/f 3,155.00 115
Nov 3 339.00 3,494.00 205
5 300.00 3,194.00 250
9 800.00 2,394.00 255
10 525.00 2,919.00 305
21 500.00 2,419.00 310
30 315.00 2,104.00 405
510

110 Accounts Receivable - Canadian Crafters

Date Particulars P.R. Debit Credit Balance
2013 b/f 800.00
Nov 525.00 275.00

115 Supplies
Date Particulars P.R. Debit Credit Balance
2013 b/f 1,675.00
Nov 15 400.00 2,075.00

205 A/P - Business D.

Date Particulars P.R. Debit Credit Balance
2013 b/f 1,290.00
Nov 15 452.00 1,742.00

206 A/P - Brushes & Things

Date Particulars P.R. Debit Credit Balance
2013 b/f 1,300.00
Nov 9 J33 800.00 500.00
 250 HST Payable
Date Particulars P.R. Debit Credit Balance
2013 b/f October 31 380.00
Nov. 3 39.00 419.00
30 380.00 39.00

255 HST Recoverable

Date Particulars P.R. Debit Credit Balance
2013 b/f October 31 65.00
Nov 15 52.00 117.00
30 65.00 52.00

305 D. Metzer, Capital

Date Particulars P.R. Debit Credit Balance
2013 b/f 20,300.00

310 D. Metzer, Drawings

Date Particulars P.R. Debit Credit Balance
2013
Nov. 21 500.00 500.00

405 Sign Revenue

Date Particulars P.R. Debit Credit Balance
2013
Nov. 3 300.00 300.00

510 Wages Expense

Date Particulars P.R. Debit Credit Balance
2013
Nov. 5 300.00 300.00

3,296.00 3,296.00
Chart of Accounts
Account
Bank
AR – C. Crafters
Supplies
A/P – Business D.
HST Payable
HST Recoverable
D. Metzer, Capital
D. Metzer, Drawings
Sign Revenue
Wages Expense
No.
101
110
115
120
205
250
255
305
310
Fitzgerald, Tattoo Artist
Trial Balance
As at September 30, 2015
Account Debit Credit
Bank 2900
AR – P. Brown 370
Supplies 1420
Equipment 9075
A/P – Gravel Co. 2030
HST Payable 245
HST Recoverable 43
C. Fitzgerald, Capital 11533
C. Fitzgerald, Drawings
Totals 13808 13765