2. Joumalis the noufne transactions dosctbed on the doumal Fab. Whe the Acoount Namis Mhoint bithe A trs 3 Use the Unadjusted Trial Balance and adjusting informason provided (See Joumal tab) to jesrnalian the ? adjusting sctribs (ag) 4 Uhe the Adius bed Trual Balance prowiled to prepare an lrcome statement (Mult-giep) appropriate to a metchandiskng bus ines s, a Statement of Ohener's fquity. and a report foem Balance Sheet. These shouid be ecmpieted on the Financial Statements tate. Nafrishatdays. (Et Asc Conpan Gieneral Journal Buring the lat manth of the ywat, he followingtrarastions were complated: Det Pall reet for becember, 15000 . FoB shipging Paint Deed Fald 4500 cath foe frelght cherges on purchase of One3. Dee 5: Sold meechandiae to neaver company for 312,600 under cradit iermis 210 a. 60 . Foes shipping Point. The merchandise bad a cost of $1.000. Deo 6 Purchased merchandie from Duch Company far tas, poo wndec termo nieom (neti net and of month). Dec 8 Peceived sat.4ot on account frem Wartheg Cempeny, no \&izcount. Thin salt was made in November. Dest After negotiatices with Coat Company conosrelog peoblems with the merchacelse purchased es Dec 3, abc Cempany recthed a brede credit memerandum from Coat Cempany granting an allowance of 92.006 . Dec 10 Peld pat-time sales clerk 11,060 which inokded 92,000 of Eale Salarles Payakle an Decem ber tst. (Hit: Thin entry w A require three tines. Dect1 Sold marchandite on account to Cow cempang. Tarms aite, net, fce dentination, 515,000 . The marchandiae had a cost ed 39,600. Dec 12. Pald 1 too eash for shipging chardes related to the Dee 11 alal to Coe Cenpeny:- Dos 13 Paid the amount dup to Goat Comgany for the Des l gurchase less the allowance araned oo onc 0. Dee 15 Paceled balance due from bever Cbmpany for metchandien s old on Bect Dec 16 Coa compary returesd merchandias frem the Dec 11 sain thet had cont Aic Cempany 12.006 and besn sold for 55.000. The merehandisa was restored to laventsry. Dect Mt. Mremed irmount due from Cow company for the Dee 11 s ale les s the sule retura en bec 14. Dec23 Paid advertising expease for ads ranning the last wetk of Decembef, 51,090. Dec 24 Paid part time sale clerk for two wieka' alary, 13,060. Decat Purchased oftice supplies an account, seo0. Oecat Pald Duch Company amount due trom the Dec 6 porchase. At the end of December, the following adjustment data ware assembisd. a After a phyoical count of inventery. it was determined that 5134,504 of inyentory exists at Decem ber 31 . b ay of sales is axpected to be refunded. 6. Estimated Ceat of Merehandise that wa be returned In the neat year is MA,080 d Ins urance Bapired itwing the year, 93,390. 4. Oifice supplies en hand at Deo 31, 51,250. Dee21 Received amount due from Cow compowy tor the Dos 11 wale fwem the sule return ae Dec is. Dee 23 Pald adverticing axpenst far ads runaing the last waek of December. 51.0s0. Dec24 Paid partitime nales cletk for furo weeks" s aldy, 43,000 One 27 Purchas d otlice supples on acooune, 1800. Dec 31 Paid Duck Company monsint due from the Dec 5 phrethne. At the and of December, the following adfuntment data wece assembied. After a physical count of inventery, it was determined that st3s Sob of inrentory exists at December 31. b. He of sales is expected to be refundes c. Eatimated Cost of Merchandise that wis be refurned in the next year is fasoo d hasmane Eapired daring the your. 13300. -. Crice aupplies en hasd at one 21,51,250 Deprecistion for Decem ber is \$roo. 0. Sales cleeh s arned 51.560 of unpald and warecoeded salary as of Dec 3. ABC Company Unadjusted Trial Balance ABC Company Adiusted Trial Balance "ABC Company considers these items "Selling Expenses." \# ABC Company considers these items "Administrative Expenses." Nole: Ste Chapter t (Extabits 14,12, 14) for proper formatting of Binancial Staberienta Note: See Chapter 6 (Exhibits 11,12,14) for proper formattir DO NOT MODIPY FOQMATTING 11,12,14) for proper formatting of Financial Statements bo Not Mobify FORMattiye ncome Statement and Report Form B alknce Sihest) Tise 2. Joumalis the noufne transactions dosctbed on the doumal Fab. Whe the Acoount Namis Mhoint bithe A trs 3 Use the Unadjusted Trial Balance and adjusting informason provided (See Joumal tab) to jesrnalian the ? adjusting sctribs (ag) 4 Uhe the Adius bed Trual Balance prowiled to prepare an lrcome statement (Mult-giep) appropriate to a metchandiskng bus ines s, a Statement of Ohener's fquity. and a report foem Balance Sheet. These shouid be ecmpieted on the Financial Statements tate. Nafrishatdays. (Et Asc Conpan Gieneral Journal Buring the lat manth of the ywat, he followingtrarastions were complated: Det Pall reet for becember, 15000 . FoB shipging Paint Deed Fald 4500 cath foe frelght cherges on purchase of One3. Dee 5: Sold meechandiae to neaver company for 312,600 under cradit iermis 210 a. 60 . Foes shipping Point. The merchandise bad a cost of $1.000. Deo 6 Purchased merchandie from Duch Company far tas, poo wndec termo nieom (neti net and of month). Dec 8 Peceived sat.4ot on account frem Wartheg Cempeny, no \&izcount. Thin salt was made in November. Dest After negotiatices with Coat Company conosrelog peoblems with the merchacelse purchased es Dec 3, abc Cempany recthed a brede credit memerandum from Coat Cempany granting an allowance of 92.006 . Dec 10 Peld pat-time sales clerk 11,060 which inokded 92,000 of Eale Salarles Payakle an Decem ber tst. (Hit: Thin entry w A require three tines. Dect1 Sold marchandite on account to Cow cempang. Tarms aite, net, fce dentination, 515,000 . The marchandiae had a cost ed 39,600. Dec 12. Pald 1 too eash for shipging chardes related to the Dee 11 alal to Coe Cenpeny:- Dos 13 Paid the amount dup to Goat Comgany for the Des l gurchase less the allowance araned oo onc 0. Dee 15 Paceled balance due from bever Cbmpany for metchandien s old on Bect Dec 16 Coa compary returesd merchandias frem the Dec 11 sain thet had cont Aic Cempany 12.006 and besn sold for 55.000. The merehandisa was restored to laventsry. Dect Mt. Mremed irmount due from Cow company for the Dee 11 s ale les s the sule retura en bec 14. Dec23 Paid advertising expease for ads ranning the last wetk of Decembef, 51,090. Dec 24 Paid part time sale clerk for two wieka' alary, 13,060. Decat Purchased oftice supplies an account, seo0. Oecat Pald Duch Company amount due trom the Dec 6 porchase. At the end of December, the following adjustment data ware assembisd. a After a phyoical count of inventery. it was determined that 5134,504 of inyentory exists at Decem ber 31 . b ay of sales is axpected to be refunded. 6. Estimated Ceat of Merehandise that wa be returned In the neat year is MA,080 d Ins urance Bapired itwing the year, 93,390. 4. Oifice supplies en hand at Deo 31, 51,250. Dee21 Received amount due from Cow compowy tor the Dos 11 wale fwem the sule return ae Dec is. Dee 23 Pald adverticing axpenst far ads runaing the last waek of December. 51.0s0. Dec24 Paid partitime nales cletk for furo weeks" s aldy, 43,000 One 27 Purchas d otlice supples on acooune, 1800. Dec 31 Paid Duck Company monsint due from the Dec 5 phrethne. At the and of December, the following adfuntment data wece assembied. After a physical count of inventery, it was determined that st3s Sob of inrentory exists at December 31. b. He of sales is expected to be refundes c. Eatimated Cost of Merchandise that wis be refurned in the next year is fasoo d hasmane Eapired daring the your. 13300. -. Crice aupplies en hasd at one 21,51,250 Deprecistion for Decem ber is \$roo. 0. Sales cleeh s arned 51.560 of unpald and warecoeded salary as of Dec 3. ABC Company Unadjusted Trial Balance ABC Company Adiusted Trial Balance "ABC Company considers these items "Selling Expenses." \# ABC Company considers these items "Administrative Expenses." Nole: Ste Chapter t (Extabits 14,12, 14) for proper formatting of Binancial Staberienta Note: See Chapter 6 (Exhibits 11,12,14) for proper formattir DO NOT MODIPY FOQMATTING 11,12,14) for proper formatting of Financial Statements bo Not Mobify FORMattiye ncome Statement and Report Form B alknce Sihest) Tise
