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ACCT-1098 SAGE 50 PROJECT The company is called Bottles 4 A11. It plans to sell, to sports stores across Canada, plastic drink bottles for running, cycling and other recreational activities. Company information : Bottles 4 All began business on August 1, 2023, and has selected a July 31, 2024, fiscal year-end Bottles 4 All has negotiated with 2 suppliers of drink bottles and will start by selling 3 types of bottles to customers. All the modules are ready to use and the following have been entered: All G/L accounts 2 vendor accounts (Royal Plastics and PVC Plastics) 3 inventory items (running, cycling and recreational) Customers and Vendors will need to be set up when required Record the following transactions for the month of August 2023 (1 mark each transaction, except for Bank Rec 3 marks) 25 Total Marks: Change company name to included your Last Name. (2 marks) Aug 1 The owner (Jasmine Ganpat) had the bank transfer (by bank memo) $10,000.00 from a personal savings account to the business bank account to start the business. Create a new account 3150 - Additional Capital, Ganpat Aug 2 Negotiated a 5-year bank loan of $50,000.00 at an annual interest rate of 9.50% with the Loyal Bank. The money was deposited in the bank account today. Aug 2 Received invoice 402 for $1,200.00 plus HST (8%) from Captain Insurance, 4 King Street West, Hamilton, Ontario L8Y 7T3, phone number 905-540-3582, for a 1-year business insurance policy commencing Aug 1, 2018. Aug 3 Purchased office furniture and fixtures for $3,500.00 plus HST and computer equipment for $2,500.00 plus HST from The Business Place, 285 Morse Street, Thunder Bay, Ontario P7A 3Y7. Invoice 6488 was for $6,000.00 plus HST and was paid with cheque #1002. 1 Page ACCT-1098 SAGE 50 PROJECT Aug 4 Purchased 1,000 cycling drink bottles at $3.00 each plus HST and 1,000 running drink bottles at $3.50 each plus HST from PVC Plastics. Invoice 5196 was for $6,500.00 plus HST, terms 20 days. Aug 7 Sold 300 cycling drink bottles to Cycle Path, 1800 Avenue Road, Toronto, Ontario M4N 2H5, on invoice 1001 for $4.50 each. The credit limit is $1,900.00 The total invoice was for $1,350.00 plus HST. Terms: 2%/10, net 30 days. Aug 9 Cycle Path returned 30 defective bottles from the Aug 7 sale. Credit memo #625 was issued for $135.00 plus HST. Aug 10 Purchased 2,000 recreational drink bottles from Royal Plastics on invoice 7103 for $2.50 each plus HST, terms 20 days

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