Pass journal entries for the above transactions: Purchased a truck for cash Issued share capital for cash Incurred a bank loan as payment for equipment Made a deposit for electricity service to be provided tot he company inthe future Paid rent expense Signed a new union contract that provides for increased wages in the future Wrote a letter of complaint to the prime minister; paid the messenger Billed customers for services performed Made a cash payment to satisfy an outstanding obligation Received a payment of cash in satisacton of an amount owed by a customer Collected cash from a customer for services rendered Paid cash for truck operation expenses Made a motnhly payment on the bank loan; this inculded a payment on part of the loan and also an amount ofinterest expense ( Hint: This transaction affects more than two parts of the accounting equation) Issued shares inthe company to pay off a loan

AUDIT TASK Make sure that the cash balance per bank shown on the bank reconciliation is verified by the bank Analyze the gross profit percentage with respect to previous period(s) and industry data Verify that the client has deeds or other proof of ownership for land and other plant assets Compare checks written in the weeks following the end of the fiscal period to amounts in accounts payable at period-end Consider payroll cost and expenses (in total and as a percentage of sales) for this period compared to prior period(s) Test the sales journal to establish that sales transactions actually took place and are reported in the proper period Compare the number of days' sales in accounts receivable (average collection period) from this period to prior period(s) Obtain an aged schedule of accounts receivable from period-end and verify the aging of the balances RELEVANT ASSERTION(S) Existence / Occurrence Completeness Cutoff Valuation & Allocation Rights & Obligation AUDIT EVIDENCE Physical…

Current Attempt in Progress Identify whether each of the following items would be (a) added to the book balance, or (b) deducted from the book balance in a bank reconciliation. 1. 2 3. 4. 5. EFT transfer to a supplier. Bank service charge. Check printing charge. Error recording check # 214 which was written for $260 but recorded for $620. Collection of note and interest by the bank on the company's behalf.

Assume that the employees are paid from the company's regular bank account check numbers 981 and 982 prepare the entry to record and pay the payroll in general journal from September 30th if required round amounts to the nearest cent if an amount does not require an entry leave it blank. College accounting 13th edition

please answer complete and correct this time with all working answer in text