12:45 vl GET Freddy-Ann FOA Assignmen... Q Small Bulles de im. She remedies Come Boy" The following them Low Come Buy" is the first of 2001 May I started business with castle 130.000 things May2enved a long time from the Bank.com May paid for by choque May mechanine freude y cheque Maywarchandise to stand Der Storch May Swim de New York & St, May fried Tory chabh May dala SIS. The states that they will come May high mechandise on red from my Choo Mwy mechanical Mar. May 10 begyny wieloporn. May 11 was the block wel hired Walte Marketing Acties over the best see pilte 0.000 May 13 dachudia w Jawy Choo 500mg May 14 tuoda tipay Chest places de cours S. May 15 begin method from Manolo B535290 May to collected May 17w York & Collection May 18 Indigo cha 45.000 May merchandise vahendencended by despre May 20pany Choo 5.000 in full settlement of the leading the The tanding on the parent ceva decede halcete the debate credit slimmy May 22 paid dresy by home.de, water by security Sort S. by chewe May 25 paid sulflaries by S. Muyiwa yale www hat's hyperty.com May 30 received my chaque fica Limitommy Choo portes logo REQUIRED Pattern Gulles ut Extract a triada May 3.2001. Iemarke d) June the following adjusting entries in the image De ple's lary w verpats.300.ph macam temperature The other was dat die by Mary The $4,000 and the methode is the tracted Brudd i Mercan bali. Sebut Thun G. 57.000 Bag We unturi gelin --Maari tha is naire Ta has the at de Put the be just to their respecte a che per creating additional the journal dictate de Prepare al lewe wat hendes el ene ble merk the Salomna hudit and the State pender Flosing SI5.000 hedef NOTE: PLEASE READ KACH REQUIREMENT CAREFULLY AND PROVIDE ANSWER TO EACH 2 The Bus SBF fathew Others Our The Bank Steel and Cash Books Otober 200 Statement 5 3 5 150 2000 COIT T. 107 Cachal Vick Cat13 Sanding NI D. CINNews LOC Oct 10 Tank OD 1. 25 21 OD 95 OD DATOR Balance OS 07 ( 0124 D E Malanced ( $ 2000 WOON 150 ODV 1009 Soo 07 100 # the the uplunod a book to the market Starting with the cake Berghuber 200 5 of 5 unt La Carrer de beste for the which we balance of $29.666 31 Oober 2008. Isabook deed.105 Apied cheque : evalce 20 nimed in the cash book Actor 5426eved from comer det en hel de Three chat de beste beste boere w Adhewpoon 52.477 male wreathe.com * Share dividendo we cadet directly the other hand During Dober 2000, the bank paid the follow all the best ges Schradec Offer SL Owing color of the case Acho soldated at the Swanded by the best weber 2006 Required Prepared Starting with the updated cash book alweer room for C P. Its important to note that given the nature of this project additional research and reading my he meedel. Jessie Samuels, a sole trader, owns a retail shop in Brownie Town that sells a designer shoe items. She named it "Jess Come Buy". The following information relates to the transactions of ** Jess Come Buy" for the first month of operation May 2021 May I started business with, cash, $50,000, motor vehicle S120,000 and building, $250,000 May 2 received a long term loan from the First Union Bank, S260.000 by cheque May 3 paid for store furniture by cheque $50,000 May 3 bought merchandise for resale by cheque $130,000. May 4 sold merchandise to Dillard's Department Store, for cash $110,000 May 5 sold merchandise on credit to New York & Co S105,000 and Nordstrom 595,000. May 6 rented Tory Burch a booth for the month of May to display their new summer attivals, $15,000. The contract states that they will pay this amount by cash on June 5, 2021. May 7 bought merchandise on credit from Jimmy Choo $80,000 May 8 sold merchandise on credit to Neiman Marcus S65.000 May 10 bought fancy stationery with the entity's logo for cash $21,000. May 11 Being a new kid on the block, aggressive marketing and advertising was needed. Jess hired Willz Marketing Associates to advertise the business is various magazines. She paid them $60,000 cash May 13 returned merchandise to Jimmy Choo for $6,000 receiving a credit note for these goods. May 14 purchased a Display Cabinet. (place in furniture account) on credit from Courts .td for S150,000 May 15 bought merchandise on credit from Manolo Blahnik 535,200. May 16 sold merchandise receiving a cheque for $135,000 May 17 New York & Co settled their account with cash receiving a 5% discount May 18 lodged cash of $45,000 to the business bank account. May 19 merchandise valued at $5,500 sold on credit to Nordstrom on May 5, was returned a credit note was given to Nordstrom May 20 paid Jimmy Choo $65,000 in full settlement of the balance outstanding by cheque. The outstanding amount after payment was received as a discount. (Tip: rough check the balance re the debits and credit for Jimmy) May 22 paid electricity by cheque 560,000, water rates by cash, $25,000 and security fees of $25,000 by cheque May 25 paid staff salaries by cheque 585,000. May 28 Jessica, took some merchandise, a pair of crystal studded sandals to wear to her husband's birthday party $15,000 May 30 received commission by cheque for selling a Limited-Edition Jimmy Choo, patent leather pumps of S20,000 REQUIRED: a) Joumalize the transactions for the month. (Narrations are not necessary) (15 marks) b) Post the above transactions in the General ledger. (25 Marks) c) Extract a trial balance as May 31, 2021. (10 marks) d) Journalize the following adjusting entries using the following information: The total monthly water rate is $30,000. One employee's salary was overpaid by $4,500. Investigations proved that a miscalculation occurred and the employee was indeed over paid for the month. The insurance for the shop was due and payable by May 1". The annual premium is 548,000 and the expense is incurred monthly. This was not previously included in the transactions listed > It was found that of Neiman Marcus balance, 54,000 must be written off as bad debts. Three thousand dollars ($3,000) of the Commission received was for the month of June 2021 For the first month of operation, depreciation annually is calculated at: Building - 9% Straight Line o Motor Vehicle - 15% Straight Line Furniture - 12% Straight line Note: when doing the adjusted accounts only the accounts that have been affected need to be done (5 marks) c) Post the above adjusting entries to their respective accounts in the general ledger creating additional accounts as the journals would dictate. (Please refer to notes re the journals) (5 marks) 1) Prepare an adjusted trial balance with the inclusion of the above balances (5 marks) ) Prepare the Statement of Profit or Loss and the Statement of Financial Position for the period under review. For use in the financial statements, closing stock amounts to $25,000 at the end of the month. (20 marks) NOTE: PLEASE READ EACH REQUIREMENT CAREFULLY AND PROVIDE AN ANSWER TO EACH Question 2 The Bank Statement and Cash Book (bank columns only) for Aragorn Elfin for the month of October 2020 are as follows. Bank Statement Debit S Credit $ 150 850 2020 Oct 01 Balance Oct 03 T. Simeon Oct 07 Cash sales deposit Oct 13 Vehicle loan Oct 15 Standing order Oct 21 Debit transfer Oct 29 Rent Oct 29 Credit transfer Oct 30 Bank charges 1.700 1,000 825 2.300 Balance $ 900 1,050 1,900 200 (800) (1.625) (3,925) 75 (325) O/D O/D O/D 4,000 400 O/D 2020 Oct 01 Balance b/f Oct 03 T. Simeon Oct 07 Cash sales Oct 24 D. Elwin Oct 31 Balance c/d Cash Book (bank columns only) $ 2020 900 Oct 10 Light & Power Company 150 Oct 13 Vehicle loan 850 Oct 29 Rent 500 1.780 4.180 Nov 1 Balance 180 1,700 2,300 4.180 1,780 a) Prepare the updated Cash book to show the adjusted balance. (3.5 marks) b) Starting with the updated cash book balance, draw up a bank reconciliation statement for Aragorn Elfin for the month of October 2020. (3 marks) REQUIRED: a) Journalize the transactions for the month. (Narrations are not necessary) (15 marks) b) Post the above transactions in the General ledger. (25 Marks) c) Extract a trial balance as May 31, 2021. (10 marks) d) Journalize the following adjusting entries using the following information: The total monthly water rate is $30,000 One employee's salary was overpaid by $4,500. Investigations proved that a miscalculation occurred and the employee was indeed over paid for the month. The insurance for the shop was due and payable by May 1". The annual premium is $48,000 and the expense is incurred monthly. This was not previously included in the transactions listed It was found that of Neiman Marcus balance, S4,000 must be written off as bad debts. Three thousand dollars (53,000) of the Commission received was for the month of June 2021 For the first month of operation, depreciation annually is calculated at Building - 9% Straight Line Motor Vehicle - 15% Straight Line Furniture - 12% Straight line Note: when doing the adjusted T accounts only the accounts that have been affected need to be done (5 marks) e) Post the above adjusting entries to their respective accounts in the general ledger creating additional accounts as the journals would dictate. (Please refer to notes re the journals) (5 marks) ) Prepare an adjusted trial balance with the inclusion of the above balances (5 marks) g) Prepare the Statement of Profit or Loss and the Statement of Financial Position for the period under review. For use in the financial statements, closing stock amounts to $25,000 at the end of the month. (20 marks) NOTE: PLEASE READ EACH REQUIREMENT CAREFULLY AND PROVIDE AN ANSWER TO EACH REQUIRED: a) Journalize the transactions for the month. (Narrations are not necessary) (15 marks) b) Post the above transactions in the General ledger. (25 Marks) c) Extract a trial balance as May 31, 2021. (10 marks) d) Journalize the following adjusting entries using the following information: The total monthly water rate is $30,000, One employee's salary was overpaid by $4,500. Investigations proved that a miscalculation occurred and the employee was indeed over paid for the month. The insurance for the shop was due and payable by May 1". The annual premium is $48,000 and the expense is incurred monthly. This was not previously included in the transactions listed It was found that of Neiman Marcus balance, S4,000 must be written off as bad debts. Three thousand dollars (53,000) of the Commission received was for the month of June 2021 For the first month of operation, depreciation annually is calculated at: Building - 9% Straight Line Motor Vehicle - 15% Straight Line Fumiture -12% Straight line Note: when doing the adjusted T accounts only the accounts that have been affected need to be done (5 marks) c) Post the above adjusting entries to their respective accounts in the general ledger creating additional accounts as the journals would dictate. (Please refer to notes re the journals) (5 marks) 1) Prepare an adjusted trial balance with the inclusion of the above balances (5 marks) g) Prepare the Statement of Profit or Loss and the Statement of Financial Position for the period under review. For use in the financial statements, closing stock amounts to $25,000 at the end of the month. (20 marks) NOTE: PLEASE READ EACH REQUIREMENT CAREFULLY AND PROVIDE AN ANSWER TO EACH 3:00 PM Sat 20 Nov @ 100% utchonline.utech.eduje Jessie Samuels, a sole trader, owns a retail shop in Brownie Town that sells a designer shoe items. She named it "Jess Come Buy". The following information relates to the transactions of Jess Come Buy" for the first month of operation May 2021. May I started business with, cash, $50,000, motor vehicle $120,000 and building, $250,000 May 2 received a long term loan from the First Union Bank, $260,000 by cheque May 3 paid for store furniture by cheque $50,000. May 3 bought merchandise for resale by cheque $130,000. May 4 sold merchandise to Dillard's Department Store, for cash $110,000. May 5 sold merchandise on credit to New York & Co S105,000 and Nordstrom $95,000. May 6 rented Tory Burch a booth for the month of May to display their new summer arrivals, $15,000. The contract states that they will pay this amount by cash on June 5, 2021. May 7 bought merchandise on credit from Jimmy Choo $80,000. May 8 sold merchandise on credit to Neiman Marcus S65,000. May 10 bought fancy stationery with the entity's logo for cash $21,000. May 11 Being a new kid on the block, aggressive marketing and advertising was needed. Jess hired Willz Marketing Associates to advertise the business is various magazines. She paid them $60,000 cash. May 13 returned merchandise to Jimmy Choo for $6,000 receiving a credit note for these goods. May 14 purchased a Display Cabinet, (place in furniture account) on credit from Courts Ltd for $150,000. May 15 bought merchandise on credit from Manolo Blahnik $35.200. 3:00 PM Sat 20 Nov @ 100% utchonline.utech.edujm May 15 bought merchandise on credit from Manolo Blahnik $35,200. May 16 sold merchandise receiving a cheque for $135,000 May 17 New York & Co settled their account with cash receiving a 5% discount. May 18 lodged cash of $45,000 to the business bank account. May 19 merchandise valued at $5,500, sold on credit to Nordstrom on May 5, was returned a credit note was given to Nordstrom May 20 paid Jimmy Choo $65,000 in full settlement of the balance outstanding by cheque. The outstanding amount after payment was received as a discount. (Tip: rough check the balance re the debits and credit for Jimmy) May 22 paid electricity by cheque $60,000, water rates by cash, $25,000 and security fees of $25,000 by cheque May 25 paid staff salaries by cheque $85,000. May 28 Jessica, took some merchandise, a pair of crystal studded sandals to wear to her husband's birthday party $15,000 May 30 received commission by cheque for selling a Limited-Edition Jimmy Choo, patent leather pumps of $20,000 REQUIRED: a) Journalize the transactions for the month. (Narrations are not necessary) (15 marks) b) Post the above transactions in the General ledger. (25 Marks) c) Extract a trial balance as May 31, 2021. (10 marks) 12:45 vl GET Freddy-Ann FOA Assignmen... Q Small Bulles de im. She remedies Come Boy" The following them Low Come Buy" is the first of 2001 May I started business with castle 130.000 things May2enved a long time from the Bank.com May paid for by choque May mechanine freude y cheque Maywarchandise to stand Der Storch May Swim de New York & St, May fried Tory chabh May dala SIS. The states that they will come May high mechandise on red from my Choo Mwy mechanical Mar. May 10 begyny wieloporn. May 11 was the block wel hired Walte Marketing Acties over the best see pilte 0.000 May 13 dachudia w Jawy Choo 500mg May 14 tuoda tipay Chest places de cours S. May 15 begin method from Manolo B535290 May to collected May 17w York & Collection May 18 Indigo cha 45.000 May merchandise vahendencended by despre May 20pany Choo 5.000 in full settlement of the leading the The tanding on the parent ceva decede halcete the debate credit slimmy May 22 paid dresy by home.de, water by security Sort S. by chewe May 25 paid sulflaries by S. Muyiwa yale www hat's hyperty.com May 30 received my chaque fica Limitommy Choo portes logo REQUIRED Pattern Gulles ut Extract a triada May 3.2001. Iemarke d) June the following adjusting entries in the image De ple's lary w verpats.300.ph macam temperature The other was dat die by Mary The $4,000 and the methode is the tracted Brudd i Mercan bali. Sebut Thun G. 57.000 Bag We unturi gelin --Maari tha is naire Ta has the at de Put the be just to their respecte a che per creating additional the journal dictate de Prepare al lewe wat hendes el ene ble merk the Salomna hudit and the State pender Flosing SI5.000 hedef NOTE: PLEASE READ KACH REQUIREMENT CAREFULLY AND PROVIDE ANSWER TO EACH 2 The Bus SBF fathew Others Our The Bank Steel and Cash Books Otober 200 Statement 5 3 5 150 2000 COIT T. 107 Cachal Vick Cat13 Sanding NI D. CINNews LOC Oct 10 Tank OD 1. 25 21 OD 95 OD DATOR Balance OS 07 ( 0124 D E Malanced ( $ 2000 WOON 150 ODV 1009 Soo 07 100 # the the uplunod a book to the market Starting with the cake Berghuber 200 5 of 5 unt La Carrer de beste for the which we balance of $29.666 31 Oober 2008. Isabook deed.105 Apied cheque : evalce 20 nimed in the cash book Actor 5426eved from comer det en hel de Three chat de beste beste boere w Adhewpoon 52.477 male wreathe.com * Share dividendo we cadet directly the other hand During Dober 2000, the bank paid the follow all the best ges Schradec Offer SL Owing color of the case Acho soldated at the Swanded by the best weber 2006 Required Prepared Starting with the updated cash book alweer room for C P. Its important to note that given the nature of this project additional research and reading my he meedel. Jessie Samuels, a sole trader, owns a retail shop in Brownie Town that sells a designer shoe items. She named it "Jess Come Buy". The following information relates to the transactions of ** Jess Come Buy" for the first month of operation May 2021 May I started business with, cash, $50,000, motor vehicle S120,000 and building, $250,000 May 2 received a long term loan from the First Union Bank, S260.000 by cheque May 3 paid for store furniture by cheque $50,000 May 3 bought merchandise for resale by cheque $130,000. May 4 sold merchandise to Dillard's Department Store, for cash $110,000 May 5 sold merchandise on credit to New York & Co S105,000 and Nordstrom 595,000. May 6 rented Tory Burch a booth for the month of May to display their new summer attivals, $15,000. The contract states that they will pay this amount by cash on June 5, 2021. May 7 bought merchandise on credit from Jimmy Choo $80,000 May 8 sold merchandise on credit to Neiman Marcus S65.000 May 10 bought fancy stationery with the entity's logo for cash $21,000. May 11 Being a new kid on the block, aggressive marketing and advertising was needed. Jess hired Willz Marketing Associates to advertise the business is various magazines. She paid them $60,000 cash May 13 returned merchandise to Jimmy Choo for $6,000 receiving a credit note for these goods. May 14 purchased a Display Cabinet. (place in furniture account) on credit from Courts .td for S150,000 May 15 bought merchandise on credit from Manolo Blahnik 535,200. May 16 sold merchandise receiving a cheque for $135,000 May 17 New York & Co settled their account with cash receiving a 5% discount May 18 lodged cash of $45,000 to the business bank account. May 19 merchandise valued at $5,500 sold on credit to Nordstrom on May 5, was returned a credit note was given to Nordstrom May 20 paid Jimmy Choo $65,000 in full settlement of the balance outstanding by cheque. The outstanding amount after payment was received as a discount. (Tip: rough check the balance re the debits and credit for Jimmy) May 22 paid electricity by cheque 560,000, water rates by cash, $25,000 and security fees of $25,000 by cheque May 25 paid staff salaries by cheque 585,000. May 28 Jessica, took some merchandise, a pair of crystal studded sandals to wear to her husband's birthday party $15,000 May 30 received commission by cheque for selling a Limited-Edition Jimmy Choo, patent leather pumps of S20,000 REQUIRED: a) Joumalize the transactions for the month. (Narrations are not necessary) (15 marks) b) Post the above transactions in the General ledger. (25 Marks) c) Extract a trial balance as May 31, 2021. (10 marks) d) Journalize the following adjusting entries using the following information: The total monthly water rate is $30,000. One employee's salary was overpaid by $4,500. Investigations proved that a miscalculation occurred and the employee was indeed over paid for the month. The insurance for the shop was due and payable by May 1". The annual premium is 548,000 and the expense is incurred monthly. This was not previously included in the transactions listed > It was found that of Neiman Marcus balance, 54,000 must be written off as bad debts. Three thousand dollars ($3,000) of the Commission received was for the month of June 2021 For the first month of operation, depreciation annually is calculated at: Building - 9% Straight Line o Motor Vehicle - 15% Straight Line Furniture - 12% Straight line Note: when doing the adjusted accounts only the accounts that have been affected need to be done (5 marks) c) Post the above adjusting entries to their respective accounts in the general ledger creating additional accounts as the journals would dictate. (Please refer to notes re the journals) (5 marks) 1) Prepare an adjusted trial balance with the inclusion of the above balances (5 marks) ) Prepare the Statement of Profit or Loss and the Statement of Financial Position for the period under review. For use in the financial statements, closing stock amounts to $25,000 at the end of the month. (20 marks) NOTE: PLEASE READ EACH REQUIREMENT CAREFULLY AND PROVIDE AN ANSWER TO EACH Question 2 The Bank Statement and Cash Book (bank columns only) for Aragorn Elfin for the month of October 2020 are as follows. Bank Statement Debit S Credit $ 150 850 2020 Oct 01 Balance Oct 03 T. Simeon Oct 07 Cash sales deposit Oct 13 Vehicle loan Oct 15 Standing order Oct 21 Debit transfer Oct 29 Rent Oct 29 Credit transfer Oct 30 Bank charges 1.700 1,000 825 2.300 Balance $ 900 1,050 1,900 200 (800) (1.625) (3,925) 75 (325) O/D O/D O/D 4,000 400 O/D 2020 Oct 01 Balance b/f Oct 03 T. Simeon Oct 07 Cash sales Oct 24 D. Elwin Oct 31 Balance c/d Cash Book (bank columns only) $ 2020 900 Oct 10 Light & Power Company 150 Oct 13 Vehicle loan 850 Oct 29 Rent 500 1.780 4.180 Nov 1 Balance 180 1,700 2,300 4.180 1,780 a) Prepare the updated Cash book to show the adjusted balance. (3.5 marks) b) Starting with the updated cash book balance, draw up a bank reconciliation statement for Aragorn Elfin for the month of October 2020. (3 marks) REQUIRED: a) Journalize the transactions for the month. (Narrations are not necessary) (15 marks) b) Post the above transactions in the General ledger. (25 Marks) c) Extract a trial balance as May 31, 2021. (10 marks) d) Journalize the following adjusting entries using the following information: The total monthly water rate is $30,000 One employee's salary was overpaid by $4,500. Investigations proved that a miscalculation occurred and the employee was indeed over paid for the month. The insurance for the shop was due and payable by May 1". The annual premium is $48,000 and the expense is incurred monthly. This was not previously included in the transactions listed It was found that of Neiman Marcus balance, S4,000 must be written off as bad debts. Three thousand dollars (53,000) of the Commission received was for the month of June 2021 For the first month of operation, depreciation annually is calculated at Building - 9% Straight Line Motor Vehicle - 15% Straight Line Furniture - 12% Straight line Note: when doing the adjusted T accounts only the accounts that have been affected need to be done (5 marks) e) Post the above adjusting entries to their respective accounts in the general ledger creating additional accounts as the journals would dictate. (Please refer to notes re the journals) (5 marks) ) Prepare an adjusted trial balance with the inclusion of the above balances (5 marks) g) Prepare the Statement of Profit or Loss and the Statement of Financial Position for the period under review. For use in the financial statements, closing stock amounts to $25,000 at the end of the month. (20 marks) NOTE: PLEASE READ EACH REQUIREMENT CAREFULLY AND PROVIDE AN ANSWER TO EACH REQUIRED: a) Journalize the transactions for the month. (Narrations are not necessary) (15 marks) b) Post the above transactions in the General ledger. (25 Marks) c) Extract a trial balance as May 31, 2021. (10 marks) d) Journalize the following adjusting entries using the following information: The total monthly water rate is $30,000, One employee's salary was overpaid by $4,500. Investigations proved that a miscalculation occurred and the employee was indeed over paid for the month. The insurance for the shop was due and payable by May 1". The annual premium is $48,000 and the expense is incurred monthly. This was not previously included in the transactions listed It was found that of Neiman Marcus balance, S4,000 must be written off as bad debts. Three thousand dollars (53,000) of the Commission received was for the month of June 2021 For the first month of operation, depreciation annually is calculated at: Building - 9% Straight Line Motor Vehicle - 15% Straight Line Fumiture -12% Straight line Note: when doing the adjusted T accounts only the accounts that have been affected need to be done (5 marks) c) Post the above adjusting entries to their respective accounts in the general ledger creating additional accounts as the journals would dictate. (Please refer to notes re the journals) (5 marks) 1) Prepare an adjusted trial balance with the inclusion of the above balances (5 marks) g) Prepare the Statement of Profit or Loss and the Statement of Financial Position for the period under review. For use in the financial statements, closing stock amounts to $25,000 at the end of the month. (20 marks) NOTE: PLEASE READ EACH REQUIREMENT CAREFULLY AND PROVIDE AN ANSWER TO EACH 3:00 PM Sat 20 Nov @ 100% utchonline.utech.eduje Jessie Samuels, a sole trader, owns a retail shop in Brownie Town that sells a designer shoe items. She named it "Jess Come Buy". The following information relates to the transactions of Jess Come Buy" for the first month of operation May 2021. May I started business with, cash, $50,000, motor vehicle $120,000 and building, $250,000 May 2 received a long term loan from the First Union Bank, $260,000 by cheque May 3 paid for store furniture by cheque $50,000. May 3 bought merchandise for resale by cheque $130,000. May 4 sold merchandise to Dillard's Department Store, for cash $110,000. May 5 sold merchandise on credit to New York & Co S105,000 and Nordstrom $95,000. May 6 rented Tory Burch a booth for the month of May to display their new summer arrivals, $15,000. The contract states that they will pay this amount by cash on June 5, 2021. May 7 bought merchandise on credit from Jimmy Choo $80,000. May 8 sold merchandise on credit to Neiman Marcus S65,000. May 10 bought fancy stationery with the entity's logo for cash $21,000. May 11 Being a new kid on the block, aggressive marketing and advertising was needed. Jess hired Willz Marketing Associates to advertise the business is various magazines. She paid them $60,000 cash. May 13 returned merchandise to Jimmy Choo for $6,000 receiving a credit note for these goods. May 14 purchased a Display Cabinet, (place in furniture account) on credit from Courts Ltd for $150,000. May 15 bought merchandise on credit from Manolo Blahnik $35.200. 3:00 PM Sat 20 Nov @ 100% utchonline.utech.edujm May 15 bought merchandise on credit from Manolo Blahnik $35,200. May 16 sold merchandise receiving a cheque for $135,000 May 17 New York & Co settled their account with cash receiving a 5% discount. May 18 lodged cash of $45,000 to the business bank account. May 19 merchandise valued at $5,500, sold on credit to Nordstrom on May 5, was returned a credit note was given to Nordstrom May 20 paid Jimmy Choo $65,000 in full settlement of the balance outstanding by cheque. The outstanding amount after payment was received as a discount. (Tip: rough check the balance re the debits and credit for Jimmy) May 22 paid electricity by cheque $60,000, water rates by cash, $25,000 and security fees of $25,000 by cheque May 25 paid staff salaries by cheque $85,000. May 28 Jessica, took some merchandise, a pair of crystal studded sandals to wear to her husband's birthday party $15,000 May 30 received commission by cheque for selling a Limited-Edition Jimmy Choo, patent leather pumps of $20,000 REQUIRED: a) Journalize the transactions for the month. (Narrations are not necessary) (15 marks) b) Post the above transactions in the General ledger. (25 Marks) c) Extract a trial balance as May 31, 2021. (10 marks)