BAF 3M 🚨 Ch. 6 Assignment A

Posljednje ažuriranje almost 2 years ago

Napomena autora:

There are several parts to this assessment.

Part 1: Fill in the Blank

Part 2: Taxes

Part 3: Source Documents

Part 4: HST Schedule, Journal Entries, and Taxes in Google Sheets

Instrukcije

There are several parts to this assessment.

Part 1: Fill in the Blank

Part 2: Taxes

Part 3: Source Documents

Part 4: HST Schedule, Journal Entries, and Taxes in Google Sheets

Part 1: Fill in the Blank

Part 2: Taxes

Complete the following. Ignore HST.

Name 3 things:

1. The Source Document

2. The Account Debited

3. The Account Credited

Part 3: Source Documents

BAF 3M 🚨 Ch. 6 Assignment A

Posljednje ažuriranje almost 2 years ago

Napomena autora:

There are several parts to this assessment.

Part 1: Fill in the Blank

Part 2: Taxes

Part 3: Source Documents

Part 4: HST Schedule, Journal Entries, and Taxes in Google Sheets

Instrukcije

There are several parts to this assessment.

Part 1: Fill in the Blank

Part 2: Taxes

Part 3: Source Documents

Part 4: HST Schedule, Journal Entries, and Taxes in Google Sheets

Part 1: Fill in the Blank

Word Bank:

bank credit advice

bank debit advice

book of original entry

cash receipts daily summary

cash sales slip

cheque copy

clearing an account on balance

contra account

compound

credit

debit

Goods and Services Tax (GST)

Harmonized Sales Tax (HST)

journal

journal entry

journalizing

opening entry

point of sale (POS) terminal

Provincial Sales Tax (PST)

purchase invoice

remittance

remittance advice

Retail Sales Tax (RST)

sales invoice

source documents

transaction log

value-added tax

Part 2: Taxes

Complete the following. Ignore HST.

Name 3 things:

1. The Source Document

2. The Account Debited

3. The Account Credited

3. Cathy Wallace paid $804.60, including 13% HST, for some supplies.

A. Calculate the price of the supplies before the sales tax was added.

$712.04

$412.07

$714.02

$721.04

Part 3: Source Documents

What type of source document is this?

Cash Sales Slip

Sales Invoice or Purchase Invoice

Bank Advice

Transaction Log

BAF 3M 🚨 Ch. 6 Assignment A

BAF 3M 🚨 Ch. 6 Assignment A

A. Calculate the price of the supplies before the sales tax was added.

What type of source document is this?

What is the purpose of the source document?

A. Calculate the price of the supplies before the sales tax was added.

B. Calculate the sales tax on the goods.

What type of source document is this?

What is the purpose of the source document?

Who issued it?

B. Calculate the sales tax on the goods.

Who issued it?