1 General Ledger Un December 1, Rocky Ram, Inc. received $17,000 from Kanga Roo Inc. for partial payment of account. (First entry Journalized and posted for you.) 2 On December 1, Rocky Ram, Inc. received $9,000 in advance for renting office space to Bullwinkle, Inc. for the December 1, 2018 through February 28, 2018 3 On December 6, Rocky Ram, Inc. issued checks to Acne Corporation for $12,000, Bow & Arrow, Inc. for $8,000, and Boa Construction Inc. for $15,000 in payment on accounts. 4 On December 10, the company purchased supplies in the amount of 54,000 on account from Boa Construction Inc. (FOB Shipping Point, termsn/10, 1/30), order shipped in December 5 On December 10, Rocky Ram, Ing. received a check in the amount of $30,000 from Poodle & Co. in payment of account. Cash in Swing Account Du Dabit r es I CANA 6 On December 15, Rocky Ram, Ing, made a sale in the amount of $80,000 to Poodle & Co (terms 2/10, n/30). The cost of the inventory sold was $55,000. 100 Accounts fiscalable 7 On December 17, Board of Directors declared $8,200 in dividends to be paid in January, 8 MERKNAAGAAGAAM XANXNNNNNNNHEIM On December 20, the company paid employees $31,000 for wages earned during the period from December 1 through December 15, 2018 9 On December 25, received full payment from Poodle & Co. for sale made December 15 (16), within the discount period, 10 On December 25, Rocky Ram, ing made a sale in the amount of $140,000 to Bulldog Inc. (terms 2/10,n/301. The cost of the inventory sold was $90,000. 11 On December 28, Bulldog Inc, returned goods purchased on December 25, in the amount of $14,000. The cost of inventory was $9,000 12 On December 28, Rocky Ram, Inc. ordered inventory from Bow & Arrow, Inc. in the amount of $50,000 (FOB Destination, terms 2/10, 1/30), inventory is expected to arrive sometime in January 13 On December 31, the company purchased office equipment costing $60,000. They paid $15,000 down on the equipment and signed a promissory note for the remaining balance The note is due March 31, 2018 14 On December 31, Rocky Ram, Inc. paid utility bills totaling $10,000 for utilities used during the month of December. NovTB GJI GJ2 1 General Ledger Un December 1, Rocky Ram, Inc. received $17,000 from Kanga Roo Inc. for partial payment of account. (First entry Journalized and posted for you.) 2 On December 1, Rocky Ram, Inc. received $9,000 in advance for renting office space to Bullwinkle, Inc. for the December 1, 2018 through February 28, 2018 3 On December 6, Rocky Ram, Inc. issued checks to Acne Corporation for $12,000, Bow & Arrow, Inc. for $8,000, and Boa Construction Inc. for $15,000 in payment on accounts. 4 On December 10, the company purchased supplies in the amount of 54,000 on account from Boa Construction Inc. (FOB Shipping Point, termsn/10, 1/30), order shipped in December 5 On December 10, Rocky Ram, Ing. received a check in the amount of $30,000 from Poodle & Co. in payment of account. Cash in Swing Account Du Dabit r es I CANA 6 On December 15, Rocky Ram, Ing, made a sale in the amount of $80,000 to Poodle & Co (terms 2/10, n/30). The cost of the inventory sold was $55,000. 100 Accounts fiscalable 7 On December 17, Board of Directors declared $8,200 in dividends to be paid in January, 8 MERKNAAGAAGAAM XANXNNNNNNNHEIM On December 20, the company paid employees $31,000 for wages earned during the period from December 1 through December 15, 2018 9 On December 25, received full payment from Poodle & Co. for sale made December 15 (16), within the discount period, 10 On December 25, Rocky Ram, ing made a sale in the amount of $140,000 to Bulldog Inc. (terms 2/10,n/301. The cost of the inventory sold was $90,000. 11 On December 28, Bulldog Inc, returned goods purchased on December 25, in the amount of $14,000. The cost of inventory was $9,000 12 On December 28, Rocky Ram, Inc. ordered inventory from Bow & Arrow, Inc. in the amount of $50,000 (FOB Destination, terms 2/10, 1/30), inventory is expected to arrive sometime in January 13 On December 31, the company purchased office equipment costing $60,000. They paid $15,000 down on the equipment and signed a promissory note for the remaining balance The note is due March 31, 2018 14 On December 31, Rocky Ram, Inc. paid utility bills totaling $10,000 for utilities used during the month of December. NovTB GJI GJ2