dfges not be debited to the Freight In the account used to record the cost of delivering merchandise to our own customers. 4. When is the Duty & Brokerage account used? 5. When merchandise and...

Case study once decorating co. I need only general journal


Extracted text: dfges not be debited to the Freight In the account used to record the cost of delivering merchandise to our own customers. 4. When is the Duty & Brokerage account used? 5. When merchandise and non-merchandise items are imported from other countries, when is GST/HST calculated and recorded? CASE STUDY: KBC DECORATING CO. JANUARY TRANSACTIONS CONTINUED These transactions occurred during the second half of January. Continue the General Journal where you left off in the previous chapter. Be sure to account for HST as indicated. 20- Jan. 16 Bought advertising space in the local community newspaper, $125 plus 13% HST. Issued Cheque #7. 16 Paid shipping costs on the merchandise bought on the 5th, $85 plus HST. Issued Cheque #8. 17 Paid transportation cost for new paint mixer and colour dispenser bought on the 9th and delivered from Toronto. Issued Cheque #9 for $84.75 (includes $9.75 HST). 20 Cash sales: paint and supplies, $2,500; wallpaper, $2,000; plus HST. 21 Paid delivery costs for paint and supplies delivered to our cus- tomer, $60 plus HST. Cheque #10. Paid the shipping on paint and supplies bought today, $45 plus HST. Cheque #12. 26 Bought paint and supplies, $8,500 plus HST. Cheque #11. 26 30 Cash sales: paint and supplies, $3,000; wallpaper, $1,000; plus HST. AT MONTH-END uing to the ledger accounts and prepare a trial balance on Jan