1. What are the entries, if any, and in what journal(s) and/or ledgers are the recorded in for each of the following scenarios. (General journal, sales journal, Cash Receipts journal, Purchases journal, cash disbursements journal, payroll journal, accounts payable subsidiary ledger, accounts receivable subsidiary ledger, employee earnings subsidiary ledger, fixed asset subsidiary ledger, cash receipts prelist).

a. December 16 Received customer purchase from Rosemont University, approved their credit and shipped the goods. All goods ordered were shipped, except that only 45 shoulder pad sets were available for shipment.

Carrier & number: Allied Trucking; Carrier number 2154 Freight charges: FOB shipping point (will be paid by Rosemont) Route: Express Truck & driver: Truck 2961XZ, John Arens Freight rate: $37.00 per 100 lbs. Shipment: 5 cartons/goal and rim sets @ 42 lbs./carton 2 cartons/backboards @123 lbs./carton 9 cartons/shoulder pad sets @ 30 lbs./carton 4 cartons/football helmets @ 32 lbs/carton

b. December 16 Received an email notification from First American Bank and Trust for an ACH payment from Branch College. ACH payment received was $1,622.88 for payment in full of charge sale invoice. Payment included 2% discount for paying w/in 10 days c. December 16 Ordered the following inventory on account from Velocity Sporting Goods, using purchase order. Freight Charges FOB shipping point.

Item Units cost selling price

a 115 94 135

b 125 26 39

c 75 25 35

d 50 10 15

e 100 89 132

d. December 19 Received office supplies from Chicago office supply as listed below, vender invoice received with the goods. All supplies ordered were received in good condition, invoice was not paid.

Item Units price extended price shipment tax freight charge

A 5 124.75 623.75 783.25 47 0

B 4 19.25 77

C 5 16.50 82.5

invoice total 830.25

e. December 19 Borrowed 90,000 from First American Bank and Trust by issuing a two-year note payable with a stated annual interest rate of 5.5%. Received an email notification from the bank that the 90,000 proceeds were electronically deposited into Checking account. Reviewed the terms and conditions of the note and signed it as the borrower.

f. December 19 Received sales return request (for credit to account) from eastern Wisconsin university the request was approved and the acknowledgment copy mailed to EWU. From invoice on 12/8/22.

g. December 20 Received vender invoice from First Security insurance for the fourth quarters health insurance coverage for employees and immediately issued a check for payment in full, Jim $540, Nancy $500, Ray $670, total premium $1710.

h. December 20 Increased employee pay rates effective for the December 16-31 semimonthly pay period. There were no changes in filing status or withholding allowances. New pay rate Ray-3650 semimonthly, Jim-21.80/hour, and Nancy 18.30/hour.

i. December 20 Received merchandise from Velocity Sporting Goods as listed on Purchase order (from part c). All merchandise listed on order was delivered in good condition except for only 85 pole pads were received. Goods received were placed in the inventory warehouse.

j. December 21 Filled the backorder quantity of 30 pad sets for Rosemont university customer purchase order (from part a.). Approved Rosemonts credit and shipped the back ordered pad set. Prepared a new change sale invoice for the sale to Rosemont. Carrier & number: Allied Trucking; Carrier number 2154 Freight charges: FOB shipping point (will be paid by Rosemont)

Route: Express Truck & driver: Truck 2988XZ, Jennifer Hansen Freight rate: $37.00 per 100 lbs. Shipment: 6 cartons/shoulder pad sets @ 30 lbs./carton

k. December 22 Received vender invoice from Velocity Sporting Goods for goods ordered December 16 and received December 20 (in part i).

l. December 23 Received legal notification from Benson, Rosenbrook and Martinson PC attorneys at law, that Stevenson College had filed bankruptcy and will most likely be unable to pay any of its outstanding debts to its suppliers. Write off the account as a bad debt using the allowances method

m. December 23 Received all goods that were authorized EWU to return on return request (from part f) for credit against their account balance.

n. December 27 Received check for 12,000 from EWU in partial payment for the remaining amount (after sales return) on charge sale invoice.

o. December 27 Received Check for 5835 and customer purchase order in the mail from Hawkins College for a cash sale. All goods ordered were shipped and the cash sale was processed and recorded. Made a bank deposit for this cash sale plus todays collection from EWU received validated deposit receipt for 17,835 from bank after deposit was made. Carrier & number: Interstate motor Freight; Carrier number 62xy404 Freight charges: FOB shipping point (will be paid by Hawkins)

Route: Direct Truck & driver: Truck 64, Regina Rexrode Freight rate: $37.00 per 100 lbs. Shipment: 3 cartons/basketballs @ 14 lbs./carton, 15 cartons/pad sets @ 32 lbs./carton, 5 cartons/footballs @ 24 lbs./carton.

p. December 28 Received vender invoice from University Athletic News for advertisements we ran during the Christmas season and immediately issued check for payment 1,590 in full.

q. December 28 Received freight bill from Interstate Motor Freight for the Velocity sporting goods shipment received December 20. Issued check for full amount, 738.15, of the freight bill.

r. December 29 Issued an electronic payment to Velocity Sporting goods using ACH payment Authorization for payment in full of their invoice for goods received December 20 (from part k).

s. December 29 Received the standing workstations ordered on purchase order and vender invoice from Chicago office supply.3 Workstations(@395 each) were received in new and undamaged condition and taken to the office. The estimated useful life is 5 years with no salvage value.

t. December 30 printed and reviewed payroll time record report for Ford and Adams for the time period ending December 31 and prepared the payroll for all three employees including paychecks, federal and state withholding amounts for each employee are as follows:

name fed state of IL

Ray 321 171.29

Name hours OT hours fed state of IL

Jim 88 9.3 205 100.63

Nancy 88 6.7 78 74.74

Entry audit:General journal(1 entry), sales journal(2), Cash Receipts journal(4), Purchases journal(3), cash disbursements journal(4), payroll journal(3), accounts payable subsidiary ledger(4 posts), accounts receivable subsidiary ledger(5), employee earnings subsidiary ledger(6), fixed asset subsidiary ledger(1 account), cash receipts prelist(4 entries).