6065

Post the January 2024 transactions. (Post entries in the order of journal entries presented in the previous part. If balance is zero, please enter 0 ) Supplies \begin{tabular}{|c|c|c|c|c|} \hline Date & Explanation & Debit & Credit & Balance \\ \hline & Balance & & & \\ \hline \end{tabular} Prepaid Insurance \begin{tabular}{|c|l|l|l|} \hline Date & Explanation & Debit & Credit \\ \hline & Balance & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Equipment } \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline & Balance & & & \\ \hline \multicolumn{5}{|c|}{ Accumulated Depreciation-Equipment } \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline \end{tabular} Balance. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Common Stock } \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline & Balance & & , & E \\ \hline \multicolumn{5}{|c|}{ Retained Earnings } \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline & Balance & & & \\ \hline \multicolumn{5}{|c|}{ Dividends } \\ \hline Date & Eexplanation & Debit & Credit & Balance \\ \hline \multicolumn{5}{|c|}{ Sales Revenue } \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline \end{tabular} Cost of Goods Sold \begin{tabular}{|c|c|c|c|c|} \hline Date & Explanation & Debit & Credit & Balance \\ \hline & & & & \\ \hline & & & & \\ \hline \multicolumn{5}{|c|}{ Salaries and Wages Expense } \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline \multicolumn{5}{|c|}{ Freight-out } \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline \end{tabular} Because Natalie has had such a successful first few months, she is considening other opportunitles to opportunity is to become the exclusive distributor of a line of fine European mixers. The current cost of a mixer is approximately $550, and Natalie would sell each one for $1,100. Natalie comes to you for advice on how to account for these mixers. Each appliance has a serial number and can be easily identified. In the end, Natalie decides to use the perpetual method of accounting for inventory, and the following transactions happen during the month of January. Jan 4. She buys five deluxe mixers on account from Kzinski Supply Co. for $2,750, terms 130 . 6 She pays $100 frelght on the January 4 purchase. 7 Natalie returns one of the mikers to Kainski because ie was darnaged during shipping. Kzinski issues Cookie Creations credit for the cost of the mixer plus $20 for the cost of freight that was paid on January 6 for one mixer. 8 She collects $450 due from the neightorhood community center that was accrued at the end of December 2023 12. She sells three deluxe mixers on account for $3,300, FOB destination, terms n/30, The mixers cost $570 each (including freight). 13 Natalie pays her cell phone bill previously accrued in the December adjusting joumal entries. 14. She pays $75 of delivery charges for the three mixers that were sold on January 12. 14 She buys four deluxe mixers on account from Krinski Supply Co for $2,200, terms n/30. 17 Natalie is concerned that there is not enough cash available to pay for all of the mixers purchased. She issues additional: common stock for $1,000. 18 She pays $80 freight on the January 14 purchase. 20 She sells two deluxe mixers for $2,200 cash. 28 Natalie issues a check to her assistant. Her assistant worked 20 hours in January and is also paid for the amount accrued at December 31, 2023. Recall that Natalie's assistant earns \$8 an hour. 28 Natalie collects amounts due from customers from the January 12 transaction. 31 She pays Kzinski all amounts due: 31 Cash dividends of $750 are paid. The post-closing trial balance from December is presented below. Accumulated Depreciation-Equipment $40 Website 575 Accounts Payable 75 Interest Payable 23 Salaries and Wages Payable 56 Unearned Service Revenue 360 Notes Payable 2,000 Common Stock 800 Retained Earnings $6,065$6,0652,711 Ignore income tax effects. Post the January 2024 transactions. (Post entries in the order of journal entries presented in the previous part. If balance is zero, please enter 0 ) Supplies \begin{tabular}{|c|c|c|c|c|} \hline Date & Explanation & Debit & Credit & Balance \\ \hline & Balance & & & \\ \hline \end{tabular} Prepaid Insurance \begin{tabular}{|c|l|l|l|} \hline Date & Explanation & Debit & Credit \\ \hline & Balance & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Equipment } \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline & Balance & & & \\ \hline \multicolumn{5}{|c|}{ Accumulated Depreciation-Equipment } \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline \end{tabular} Balance. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Common Stock } \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline & Balance & & , & E \\ \hline \multicolumn{5}{|c|}{ Retained Earnings } \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline & Balance & & & \\ \hline \multicolumn{5}{|c|}{ Dividends } \\ \hline Date & Eexplanation & Debit & Credit & Balance \\ \hline \multicolumn{5}{|c|}{ Sales Revenue } \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline \end{tabular} Cost of Goods Sold \begin{tabular}{|c|c|c|c|c|} \hline Date & Explanation & Debit & Credit & Balance \\ \hline & & & & \\ \hline & & & & \\ \hline \multicolumn{5}{|c|}{ Salaries and Wages Expense } \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline \multicolumn{5}{|c|}{ Freight-out } \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline \end{tabular} Because Natalie has had such a successful first few months, she is considening other opportunitles to opportunity is to become the exclusive distributor of a line of fine European mixers. The current cost of a mixer is approximately $550, and Natalie would sell each one for $1,100. Natalie comes to you for advice on how to account for these mixers. Each appliance has a serial number and can be easily identified. In the end, Natalie decides to use the perpetual method of accounting for inventory, and the following transactions happen during the month of January. Jan 4. She buys five deluxe mixers on account from Kzinski Supply Co. for $2,750, terms 130 . 6 She pays $100 frelght on the January 4 purchase. 7 Natalie returns one of the mikers to Kainski because ie was darnaged during shipping. Kzinski issues Cookie Creations credit for the cost of the mixer plus $20 for the cost of freight that was paid on January 6 for one mixer. 8 She collects $450 due from the neightorhood community center that was accrued at the end of December 2023 12. She sells three deluxe mixers on account for $3,300, FOB destination, terms n/30, The mixers cost $570 each (including freight). 13 Natalie pays her cell phone bill previously accrued in the December adjusting joumal entries. 14. She pays $75 of delivery charges for the three mixers that were sold on January 12. 14 She buys four deluxe mixers on account from Krinski Supply Co for $2,200, terms n/30. 17 Natalie is concerned that there is not enough cash available to pay for all of the mixers purchased. She issues additional: common stock for $1,000. 18 She pays $80 freight on the January 14 purchase. 20 She sells two deluxe mixers for $2,200 cash. 28 Natalie issues a check to her assistant. Her assistant worked 20 hours in January and is also paid for the amount accrued at December 31, 2023. Recall that Natalie's assistant earns \$8 an hour. 28 Natalie collects amounts due from customers from the January 12 transaction. 31 She pays Kzinski all amounts due: 31 Cash dividends of $750 are paid. The post-closing trial balance from December is presented below. Accumulated Depreciation-Equipment $40 Website 575 Accounts Payable 75 Interest Payable 23 Salaries and Wages Payable 56 Unearned Service Revenue 360 Notes Payable 2,000 Common Stock 800 Retained Earnings $6,065$6,0652,711 Ignore income tax effects