1. Journalizing HST – General Journal: Ex. 5 p. 201 (t), p. 103 (w)
Journalize these transactions in a two-column general journal, using the accounts shown below. The rate for HST is 13%. The next page number in the journal is 7.
New textbook page 217 ex.#5

2. Transactions 4 Sales Invoice
No. 571, to R. Chevrier for photo services, $ plus HST of $35.75, total $310.75
What accounts are affected?
A/R- R. Chevrier will be debit (asset increase)
Fees Earned will be credit (Revenue increase)
HST Payable will be credit (collected from customer)

3. Page 7
2012
Debit accounts Listed First

4. 6 Purchase Invoice
No. 7943, from Black’s Photo for photo supplies, $ plus HST of 34.45, total $299.45
What accounts will be affected?
Photo Supplies will be debited (assets increase)
HST Recoverable will be debited (paid HST on asset)
A/P- Black’s Photo will be credited (purchased on account)

5. Page 7
2012

6. 9 Purchase Invoice
No. 2332, from Jack’s Auto for regular maintenance of the company car, $ plus HST of $22.75, total
What accounts will be affected?
Car Expense will be debited (expense increases)
HST recoverable will be debited (recover tax for business)
A/P- Jack’s Auto will be credited (paid on account)

7. Page 7
2012

8. 10 Cheque Copy
No. 652, issued to the owner for his own use, $925.00
What accounts will be affected?
W. Seibert, drawings will be debited (owner’s equity decreases)
Bank will be credited (assets decreases)

9. Page 7
2012

10. 12 Cash Sales Slip
No. 214, for photo work performed, $145.00, plus HST of $18.85, total $163.85
What accounts will be affected?
Bank will be debit (asset increases)
Fees earned will be credited (Revenue increases)
HST Payable will be credited (Collected from customer)

11. Page 7
2012

12. 15 Bank Debit Memo
From Commercial Bank for bank service charges, $35.50, which are HST exempt
What accounts will be affected?
Bank Charges Expense (expense increases)
Bank will be credited (asset decreases)

13. Page 7
2012

14. 22 Cash Receipt
Remittance Slip No. 312, showing the receipt of $ from H Walker on account.
What accounts will be affected?
Bank will be debited (asset increases)
A/R- H. Walker will be credit (asset decreases)

15. Page 8
2012

16. 23 Memorandum
From the owner stating that he had taken $75.00 of photo supplies for his personal work at home
What accounts will be affected?
W. Siebert, Drawings will be debited (Drawings increases)
Photo Supplies will be credited (assets decrease)

17. Page 8
2012

18. 25 Cheque Copy
No. 653, paying for the supplies purchased above on November 6.
What accounts will be affected?
A/P- Black’s Photo will be debited (liabilities decreases)
Bank will be credited (assets decrease)

19. Page 8
2012

20. 28 Purchase Invoice
No , received from Oakley Motors for body repairs on the business automobile, $ plus HST of $97.50, total $847.50
What accounts will be affected?
Car expense will be debited (expenses increase)
HST Recoverable will be debited (pay HST)
A/P- Oakley Motors will be credited (liabilities increase)

21. Page 8
2012