Background: Consider the December transactions for Crystal Clear Cleaning. Crystal Clear uses the perpetual inventory system. Assignment: This question has 4 requirements. Scroll down to review the requirements and ensure you complete all requirements before submitting your work for grading. Requirements 1. The accounts used by Crystal Clear Cleaning are provided in the Chart of Accounts (click on "Chart of Accounts" to view). The accounts have already been opened in the General Ledger (click on "General Ledger" to view). 2. Calculate the cost of goods sold on the 11th, 28th, and 31st. 3. Prepare the journal entries for December 11th and 28th and the December 31st inventory adjusting entry. Post the entries to the General Ledger 1. The accounts used by Crystal Clear Cleaning are provided in the Chart of Accounts (click on "Chart of Accounts to view). The accounts have already been opened in the General Ledger (click on "General Ledger to view). 2. Calculate the cost of goods sold on the 11th, 28th, and 31st. 3. Prepare the journal entries for December 11th and 28th and the December 31st inventory adjusting entry. Post the entries to the General Ledger. 4. Review each of the accounts in the General Ledger to see the results of posting the December 31 adjusting journal entries, including the changes in each account as well as the balance in each. (Note: These are adjusted balances, since the adjusting journal entries have been prepared and posted.) Transactions: 12/02/2017 Purchased 475 units of inventory for $2,850 on account from Sparkle, Co. on terms, 3/10, n/20. 12/05/2017 Purchased 600 units of inventory from Borax on account with terms 2/10, n/30. The total invoice was for $4,500, which included a $150 freight charge. 12/07/2017 Returned 75 units of inventory to Sparkle from the December 2 purchase. 12/09/2017 Paid Borax. SAVE WORK RESET RESULTS SUBMIT WORK BUSINESS REPORTS COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Date Accounts Debit Credit No transactions in Journal ADD TRANSACTION EDIT CHECKED TRANSACTION DELETE CHECKED TRANSACTIONS Transactions: 12/11/2017 Sold 285 units of goods to Happy Maids for $3,990 on account with terms 3/10, n/30. 12/12/2017 Paid Sparkle. 12/15/2017 Received 22 units with a retail price of $308 of goods back from customer Happy Maids. The goods cost Crystal Clear $132. 12/21/2017 Received payment from Happy Maids, settling the amount due in full. 12/28/2017 Sold 265 units of goods to Bridget, Inc. for cash of $3,975. SAVE WORK RESET RESULTS SUBMIT WORK BUSINESS REPORTS December 1, 2017 December 31, 2017 COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Date Accounts Debit Credit No transactions in Journal ADD TRANSACTION EDIT CHECKED TRANSACTION DELETE CHECKED TRANSACTIONS Transactions: 12/29/2017 Paid cash for utilities of $415. 12/30/2017 Paid cash for Sales Commission Expense of $550. 12/31/2017 Recorded the following adjusting entries: a. Physical count of inventory on December 31 showed 428 units of goods on hand. b. Depreciation, $270 c. Accrued salaries expense of $725 d. Prepared all other adjustments necessary for December. Assume the cleaning supplies left at December 31 are $30. SAVE WORK RESET RESULTS SUBMIT WORK BUSINESS REPORTS COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Date Accounts Debit Credit No transactions in Journal ADD TRANSACTION EDIT CHECKED TRANSACTION DELETE CHECKED TRANSACTIONS Background: Consider the December transactions for Crystal Clear Cleaning. Crystal Clear uses the perpetual inventory system. Assignment: This question has 4 requirements. Scroll down to review the requirements and ensure you complete all requirements before submitting your work for grading. Requirements 1. The accounts used by Crystal Clear Cleaning are provided in the Chart of Accounts (click on "Chart of Accounts" to view). The accounts have already been opened in the General Ledger (click on "General Ledger" to view). 2. Calculate the cost of goods sold on the 11th, 28th, and 31st. 3. Prepare the journal entries for December 11th and 28th and the December 31st inventory adjusting entry. Post the entries to the General Ledger 1. The accounts used by Crystal Clear Cleaning are provided in the Chart of Accounts (click on "Chart of Accounts to view). The accounts have already been opened in the General Ledger (click on "General Ledger to view). 2. Calculate the cost of goods sold on the 11th, 28th, and 31st. 3. Prepare the journal entries for December 11th and 28th and the December 31st inventory adjusting entry. Post the entries to the General Ledger. 4. Review each of the accounts in the General Ledger to see the results of posting the December 31 adjusting journal entries, including the changes in each account as well as the balance in each. (Note: These are adjusted balances, since the adjusting journal entries have been prepared and posted.) Transactions: 12/02/2017 Purchased 475 units of inventory for $2,850 on account from Sparkle, Co. on terms, 3/10, n/20. 12/05/2017 Purchased 600 units of inventory from Borax on account with terms 2/10, n/30. The total invoice was for $4,500, which included a $150 freight charge. 12/07/2017 Returned 75 units of inventory to Sparkle from the December 2 purchase. 12/09/2017 Paid Borax. SAVE WORK RESET RESULTS SUBMIT WORK BUSINESS REPORTS COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Date Accounts Debit Credit No transactions in Journal ADD TRANSACTION EDIT CHECKED TRANSACTION DELETE CHECKED TRANSACTIONS Transactions: 12/11/2017 Sold 285 units of goods to Happy Maids for $3,990 on account with terms 3/10, n/30. 12/12/2017 Paid Sparkle. 12/15/2017 Received 22 units with a retail price of $308 of goods back from customer Happy Maids. The goods cost Crystal Clear $132. 12/21/2017 Received payment from Happy Maids, settling the amount due in full. 12/28/2017 Sold 265 units of goods to Bridget, Inc. for cash of $3,975. SAVE WORK RESET RESULTS SUBMIT WORK BUSINESS REPORTS December 1, 2017 December 31, 2017 COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Date Accounts Debit Credit No transactions in Journal ADD TRANSACTION EDIT CHECKED TRANSACTION DELETE CHECKED TRANSACTIONS Transactions: 12/29/2017 Paid cash for utilities of $415. 12/30/2017 Paid cash for Sales Commission Expense of $550. 12/31/2017 Recorded the following adjusting entries: a. Physical count of inventory on December 31 showed 428 units of goods on hand. b. Depreciation, $270 c. Accrued salaries expense of $725 d. Prepared all other adjustments necessary for December. Assume the cleaning supplies left at December 31 are $30. SAVE WORK RESET RESULTS SUBMIT WORK BUSINESS REPORTS COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Date Accounts Debit Credit No transactions in Journal ADD TRANSACTION EDIT CHECKED TRANSACTION DELETE CHECKED TRANSACTIONS