Question

Binh's Bins 672 Alleyway Drive OT Red Deer AB T4R 2T4 RED DEERTRUST 399 Money Drive Red Deer, AB T4S 3P1 16 No: 491 Date 20200618 Pay One Hundred Seventy Eight dollars 50 cents 178.50 Binh's Bins TO THE Badlands Hardware ORDER 449 Gadgets Way Binh Than OF Red Deer AB T4Y SGO 40361 0491 Re: Pay (corrected) invoice BH-5621 No: 491 $178.50 June 18, 2020 Sales Invoice #BB-365 Dated June 19, 2020 17 To Sunnybrook Estates (new customer), $4 800 plus $240 GST charged for dumpster rentals during estate renovations. Sales invoice total $5 040. Terms: net 30 days. Create new Group account 1280 A/R-Sunnybrook Estates. Payment Cheque #492 To Western Data, s842in payment of account. Reference invoice #WD-4499. Dated June 20, 2020 ial

Please provide the debit and credit entries for numbers 16, 17, and 18. Thank you.

Answer 1

Debit and Credit Entries
	Account tittle	Debit $	Credit $
16	Accounts Receivable	178.50
	Sales Revenue		178.50
	( To record invoice issued for sale of spare parts on account )
17	Accounts Receivable - Sundrybook Estates	5,040.00
	Rental Revenue		4,800.00
	GST Payable		240.00
	( To record rental revenue earned from Sundrybook estate with GST )
18	Accounts Payable	842.00
	Cash		842.00
	( To record payment to the supplies against the invoice # WD-4499 )