Question

Complete the following table of assets and expenses purchased during the month of April. Record General Journal entries for expense accounts.   

Item	Value	5% GST	8% PST	Total
Office Supplies	$87.00
Equipment	630.00
Tools	888.00
Merchandise	895.00
Utilities	225.00

Answer 1

Item	Value	5% GST	8%PST	Total
Office Supplies	$            87.00	$               4.35	$               6.96	$              98.31
Equipment	$          630.00	$            31.50	$            50.40	$            711.90
Tools	$          888.00	$            44.40	$            71.04	$         1,003.44
Merchandise	$          895.00	$            44.75	$            71.60	$         1,011.35
Utilities	$          225.00	$            11.25	$            18.00	$            254.25

Journal entries for expenses:

Date	General Journals	Debit	Credit
	Utility Expenses	254.25
	Cash		254.25