lovedeep.sangha@abmcollege.com. No later than Friday September 23rd at 11pm. Etienne Martin, the...

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lovedeep.sangha@abmcollege.com. No later than Friday September 23rd at 11pm.				Etienne Martin, the owner of the Family Shoe Store, has hired you as the bookkeeper.				(a)Set up ledger accounts in the order stated below. The Bank account will require two ledger sheets; all others will require only one each. Assign an appropriate account number to each account using the account classification guide shown in the Chart of Accounts section of this chapter.				Bank; A/R W.A. Crow; A/R R.G. Dragovic; A/R W.F. Lobato; Delivery Truck; Store Fixtures; A/P Canada Auto Sales; A/P Dominion Shoe Co.; A/P Royal Stationery; Capital, E. Martin; Sales; Purchases; General Expense; Rent Expense; and Supplies Expense.				(b)Record the following transactions in the General Journal. All payments are to be made by cheque, beginning with Cheque #1. Record the cheque number issued in the explanation portion of the entry.																																																																																																																																																																																																																																																																																																																																																																																											20—May						1						Martin invested $35,000 cash in his business.																						2						Signed rental agreement today with Pelletier Properties for the use of store space for $1,600 per month. (No entry will be made until the rent is paid because no values have yet been exchanged.) The first rent cheque will be issued on May 7.																						3						Bought store fixtures from O'Connor & Day for $16,500. Paid by cheque.																						3						Bought wrapping materials from Business Warehouse, $145. Paid by cheque.																						4						Bought office supplies for $186.70 from Royal Stationery, Sales Invoice #223; terms net 30 days.																						4						Bought used delivery truck for $12,000 from Canada Auto Sales. Purchase Invoice #773; terms net 30 days.																																			5						Bought merchandise from Dominion Shoe Co., $2,450. Purchase Invoice #523; terms net 10 days.																						6						Cash sales, $624.75.																						7						Issued cheque to pay rent for May.																						9						Sold shoes on account to W.A. Crow, $69.95. Sales Invoice #1; terms net 15 days.																						10						Cash sales, $924.75.																						11						Shoe sales on credit: W.A. Crow, $47.65; R.G. Dragovic, $63.50; W.F. Lobato, $40. Sales Invoice #2, 3, and 4; terms net 15 days. (Record this as a compound entry.)																						13						Bought additional merchandise on account from Dominion Shoe Co., $1,500. Purchase Invoice #587; terms net 30 days.																						15						Issued cheque for $2,450 to Dominion Shoe Co. in payment of Invoice #523.																						16						Cash sales, $1,027.50.																						17						Shoe sales on credit: W.F. Lobato, $53.50; R.G. Dragovic, $42.40; W.A. Crow, $39.98. Sales Invoices #5, 6, and 7; terms net 15 days.																						18						Received cheque from W.F. Lobato in partial payment of his account, $35.																						19						Issued cheque as partial payment to Canada Auto Sales, $6,000.																						20						Cash sales, $946.98.																						23						Paid Dominion Shoe Co. $850 on account.																						23						Received cheques on account from W.F. Lobato, $35; W.A. Crow, $69.95; and R.G. Dragovic, $63.50.																						25						Sales on credit: R.G. Dragovic, $72.98; and W.F. Lobato, $44.65. Sales Invoices #8 and 9; terms net 15 days.																						31						Received cheque from W.A. Crow on account, $20.																					(c)Post all transactions to the ledger accounts.				(d)Prepare a trial balance in proper form." inline="" style="display: inline; overflow-wrap: break-word; overflow: auto hidden;">			Etienne Martin, the owner of the Family Shoe Store, has hired you as the bookkeeper.			(a)Set up ledger accounts in the order stated below. The Bank account will require two ledger sheets; all others will require only one each. Assign an appropriate account number to each account using the account classification guide shown in the Chart of Accounts section of this chapter.			Bank; A/R W.A. Crow; A/R R.G. Dragovic; A/R W.F. Lobato; Delivery Truck; Store Fixtures; A/P Canada Auto Sales; A/P Dominion Shoe Co.; A/P Royal Stationery; Capital, E. Martin; Sales; Purchases; General Expense; Rent Expense; and Supplies Expense.			(b)Record the following transactions in the General Journal. All payments are to be made by cheque, beginning with Cheque #1. Record the cheque number issued in the explanation portion of the entry.																									20—May							1							Martin invested $35,000 cash in his business.																										2							Signed rental agreement today with Pelletier Properties for the use of store space for $1,600 per month. (No entry will be made until the rent is paid because no values have yet been exchanged.) The first rent cheque will be issued on May 7.																										3							Bought store fixtures from O'Connor & Day for $16,500. Paid by cheque.																										3							Bought wrapping materials from Business Warehouse, $145. Paid by cheque.																										4							Bought office supplies for $186.70 from Royal Stationery, Sales Invoice #223; terms net 30 days.																										4							Bought used delivery truck for $12,000 from Canada Auto Sales. Purchase Invoice #773; terms net 30 days.																																									5							Bought merchandise from Dominion Shoe Co., $2,450. Purchase Invoice #523; terms net 10 days.																										6							Cash sales, $624.75.																										7							Issued cheque to pay rent for May.																										9							Sold shoes on account to W.A. Crow, $69.95. Sales Invoice #1; terms net 15 days.																										10							Cash sales, $924.75.																										11							Shoe sales on credit: W.A. Crow, $47.65; R.G. Dragovic, $63.50; W.F. Lobato, $40. Sales Invoice #2, 3, and 4; terms net 15 days. (Record this as a compound entry.)																										13							Bought additional merchandise on account from Dominion Shoe Co., $1,500. Purchase Invoice #587; terms net 30 days.																										15							Issued cheque for $2,450 to Dominion Shoe Co. in payment of Invoice #523.																										16							Cash sales, $1,027.50.																										17							Shoe sales on credit: W.F. Lobato, $53.50; R.G. Dragovic, $42.40; W.A. Crow, $39.98. Sales Invoices #5, 6, and 7; terms net 15 days.																										18							Received cheque from W.F. Lobato in partial payment of his account, $35.																										19							Issued cheque as partial payment to Canada Auto Sales, $6,000.																										20							Cash sales, $946.98.																										23							Paid Dominion Shoe Co. $850 on account.																										23							Received cheques on account from W.F. Lobato, $35; W.A. Crow, $69.95; and R.G. Dragovic, $63.50.																										25							Sales on credit: R.G. Dragovic, $72.98; and W.F. Lobato, $44.65. Sales Invoices #8 and 9; terms net 15 days.																										31							Received cheque from W.A. Crow on account, $20.																					(c)Post all transactions to the ledger accounts.			(d)Prepare a trial balance in proper form.		Due DateSep 23, 2022 11:59 PM

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20—May	1	Martin invested $35,000 cash in his business.
	2	Signed rental agreement today with Pelletier Properties for the use of store space for $1,600 per month. (No entry will be made until the rent is paid because no values have yet been exchanged.) The first rent cheque will be issued on May 7.
	3	Bought store fixtures from O'Connor & Day for $16,500. Paid by cheque.
	3	Bought wrapping materials from Business Warehouse, $145. Paid by cheque.
	4	Bought office supplies for $186.70 from Royal Stationery, Sales Invoice #223; terms net 30 days.
	4	Bought used delivery truck for $12,000 from Canada Auto Sales. Purchase Invoice #773; terms net 30 days.
	5	Bought merchandise from Dominion Shoe Co., $2,450. Purchase Invoice #523; terms net 10 days.
	6	Cash sales, $624.75.
	7	Issued cheque to pay rent for May.
	9	Sold shoes on account to W.A. Crow, $69.95. Sales Invoice #1; terms net 15 days.
	10	Cash sales, $924.75.
	11	Shoe sales on credit: W.A. Crow, $47.65; R.G. Dragovic, $63.50; W.F. Lobato, $40. Sales Invoice #2, 3, and 4; terms net 15 days. (Record this as a compound entry.)
	13	Bought additional merchandise on account from Dominion Shoe Co., $1,500. Purchase Invoice #587; terms net 30 days.
	15	Issued cheque for $2,450 to Dominion Shoe Co. in payment of Invoice #523.
	16	Cash sales, $1,027.50.
	17	Shoe sales on credit: W.F. Lobato, $53.50; R.G. Dragovic, $42.40; W.A. Crow, $39.98. Sales Invoices #5, 6, and 7; terms net 15 days.
	18	Received cheque from W.F. Lobato in partial payment of his account, $35.
	19	Issued cheque as partial payment to Canada Auto Sales, $6,000.
	20	Cash sales, $946.98.
	23	Paid Dominion Shoe Co. $850 on account.
	23	Received cheques on account from W.F. Lobato, $35; W.A. Crow, $69.95; and R.G. Dragovic, $63.50.
	25	Sales on credit: R.G. Dragovic, $72.98; and W.F. Lobato, $44.65. Sales Invoices #8 and 9; terms net 15 days.
	31	Received cheque from W.A. Crow on account, $20.