(Solution) - GST at 5 and PST at 7 not cumulative are -(2025 Original AI-Free Solution)

Paper Details

(GST at 5% and PST at 7% [not cumulative] are involved in this problem.) Buzzy Sullivan opened a dry-cleaning store that also sold accessories. The following is the chart of accounts for Buzzy?s Cleaning Company of Dauphin.

Here are the transactions for the month of January:
Required
a. Set up accounts in the general ledger (some accounts may not be used in January).
b. Set up accounts in the accounts payable and accounts receivable ledgers as needed.
c. Journalize the above transactions.
d. Record in the accounts payable and accounts receivable ledgers as appropriate.
e. Post to the general ledger as appropriate.
f. Prove that the sum of the subsidiary ledgers is equal to the controlling account balance.
g. Prove the synoptic journal. The headings of the synoptic journal of Buzzy?s Cleaning Company will be as follows: