baffled at this phD level question. whoever can honestly solve it email me at @riskdragger and ill pay you an extra 40 dollars. please help

0.35 On August 1, 2016. Stephanie Ram a sole proprietor started a new business, Ram Wholesale Company. The company sells refrigerators (merchandise) to various retail stores and uses the periodic inventory system. At the end of August, the company's post Closing Trial Balance showed the following accounts and balances Ram Wholesale Company Post-Closing Trial Balance August 31, 2016 Account Titles Debit Credit Cash $153,500 16,400 Accounts Receivable Merchandise Inventory, 9/30/15 57.100 Store Supplies 4,300 Office Supplies 2.900 Land 39.000 Delivery Truck 87,000 Accumulated Depreciation Delivery Truck $800 Accounts Payable 21.200 Unearned Sales Revenue 1.900 Unearned Sales Revenue 6.33/45 E 1.900 Notes Payable (Due 2040) Stephanie Ram, Capital 59.000 277.300 Totals $360,200 $360 200 Subsidiary Ledgers balances during the month of August Customers with Outstanding Balances Dates Credit Terms Balances 8/25 Customer Names Jose Mendes Nicholas Jay 3/20, N/60 $10,000 8/28 2/15, N/45 6,400 Totals $16,400 6.33/45 III Subsidiary Ledgers balances during the month of August Customers with Outstanding Balances Dates 8/25 Balances Customer Names Jose Mendes Nicholas Jay Credit Terms 3/20, N/60 $10.000 8/28 2/15. N/45 6,400 Totals $16,40p Creditors with Outstanding Balances Dates Balances 8/22 $7.900 Creditors Names Credit Terms Lisa Supplies Company 1/10, N/60 Farge Company 2/15, N/45 Mason Retailers 1/20, N/60 8/24 9.200 8/26 4.100 Totals $21.200 During the month of September, the following transactions were completed by the business: Sept 3 6 1 Stephanie Ram, the proprietor of the business, invested $87.000 cash and Office Supplies valued at $2,000 into the business 2 Issued a check to establish a Petty Cash Fund for $5,100 Paid a premium of $3,200 for a one-year insurance policy, effective September 1" Purchased 40 refrigerators on credit for $104,000 from Mason Retailers. The credit terms of the sale were 4/20. n/45.F.O.B. shipping point. Issued a check for $2.020 for the delivery charges on the September 6th transaction The business returned two damaged refrigerators to Mason Retailers and received a credit of $7,600 Sold several refrigerators to various customers with the credit terms 3/10,1660 and bills were sent out as follows: 8 9 10 Jose Mendes $4,300 Amy Thomas 8,300 Nicholas Jay 5.100 Dora Franklin 12.900 Totals $30,600 6.33/45 12 13 Borrowed $61,200 from National Trust Bank by signing a Notes Payable. Dora Franklin returned a defective refrigerator to the business and received a credit of $5,500. Issued a check to pay the bi-weekly employee salaries, $15,300. Purchased Store Supplies on credit, terms 2/10, 1/30, as follows: 14 15 $1.900 1,500 Wiley Retailers Lisa Supplies Company Farge Company Lincoln Wholesale Totals 900 2.700 $7.000 17 20 Purchased a Delivery Truck for $66,000 in cash. Received payment (before any applicable discounts) from the following customers for the September 10th sale to be applied to their accounts as follows (Hint: You will need to calculate amount of net cash received from customers): Jose Mendes $2.900 Amy Thomas 5.200 6.33/45 Jose Mendes $2,900 Amy Thomas 5,200 3,800 Nicholas Jay Dora Franklin 7.200 Totals $19,100 21 22 Received cash of $37.100 in advance for 7rqirigerators to be delivered over the next few months. Made a partial payment for the Store Supplies purchased on September 15th to be applied to the below accounts (before any applicable discounts) as follows (Hint: You will need to calculate amount of the net cash payment): $1.500 2.800 Wiley Retailers Lisa Supplies Company Farge Company Lincoln Wholesale 600 900 Totals $5,800 23 Stephanie Ram withdrew $4,100 in cash for her personal use. Sold several refrigerators and received $212,500 cash. 24 2.800 Lisa Supplies Company Farge Company Lincoln Wholesale 600 900 Totals $5,800 23 24 25 26 Stephanie Ram withdrew $4.100 in cash for her personal use. Sold several refrigerators and received $212 500 cash. Made a partial payment to Mason Retailers of $95,000 to be applied as a reduction to the account balance (before any applicable discounts) for the September 6th transaction (Hint: You will need to calculate amount of the net cash payment). Paid the monthly utility bills, $8,400. Stephanie Ram purchased a Forklift for $32.200. Issued a check to pay the bi-weekly employee salaries, $15,300 The Petty Cash Fund had a cash balance of $3,500 at the end of September with petty cash receipts/vouchers for postage. $440, and repair supplies, 5980. A check was issued to replenish the fund, Issued a check for the payment of September's rent, $14,000. 27 28 29 30 Part 1 Your answer is partially correct Prepare the Journal Entries in the General Journal. (Credil account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Do not use dollar signs ($) when entering amounts. To see comma formatted numbers reflected in your final answers, you must enter your answers with commas.) General Journal: Debit Credit Date Account Titles 2016 Cash 87000 Sept. 1 2000 Office Supplies Part 2 Post the Journal Entries to the General Ledger and Subsidiary Ledgers. Amounts to the Accounts Receivable and Accounts Payable should be posted as a total amount to the Accounts Receivable and Accounts Payable accounts in the General Ledger (Post the General Journal entries in chronological order to the respective accounts in the Ledgers below. Calculate the running balances for each account after each posting. Do not use dollar signs ($) when entering amounts. Only recalculate the ending balances to Ledger accounts where amounts were posted. To see comma formatted numbers reflected in your final answers, you must enter your answers with commas.) General Ledger Cash Date Debit Credit Balance Aug 31 Balance General Ledger 6.33/45 E 1 Cash Date Debit Aug 31 Balance Credit Balance Petty Cash Fund Date Debit Credit Balance Accounts Receivable Date Debit Credit Balance Aug. 31 Balance Merchandise Inventory Prepare a Trial Balance using the account names and balances from the General Ledger. (Do not list those accounts that have zero ending balance. Do not use dollar signs ($) when entering amounts. To see comma-formatted numbers reflected in your final answers, you must enter your answers with commas.) Debit Credit Part 4 Using the information from the Accounts Receivable Subsidiary Ledger, prepare a Schedule of Accounts Receivable. (Do not use dollar signs (5) when entering amounts. To see comma-formatted numbers reflected in your final answers, you must enter your answers with commas.) Total b.39 / 45 ini Part 5 Using the information from the Accounts Payable Subsidiary Ledger, prepare a Schedule of Accounts Payable. (Do not use dollar signs (5) when entering amounts. To see comma formatted numbers reflected in your final answers, you must enter your answers with commas.) $ Total 0.35 On August 1, 2016. Stephanie Ram a sole proprietor started a new business, Ram Wholesale Company. The company sells refrigerators (merchandise) to various retail stores and uses the periodic inventory system. At the end of August, the company's post Closing Trial Balance showed the following accounts and balances Ram Wholesale Company Post-Closing Trial Balance August 31, 2016 Account Titles Debit Credit Cash $153,500 16,400 Accounts Receivable Merchandise Inventory, 9/30/15 57.100 Store Supplies 4,300 Office Supplies 2.900 Land 39.000 Delivery Truck 87,000 Accumulated Depreciation Delivery Truck $800 Accounts Payable 21.200 Unearned Sales Revenue 1.900 Unearned Sales Revenue 6.33/45 E 1.900 Notes Payable (Due 2040) Stephanie Ram, Capital 59.000 277.300 Totals $360,200 $360 200 Subsidiary Ledgers balances during the month of August Customers with Outstanding Balances Dates Credit Terms Balances 8/25 Customer Names Jose Mendes Nicholas Jay 3/20, N/60 $10,000 8/28 2/15, N/45 6,400 Totals $16,400 6.33/45 III Subsidiary Ledgers balances during the month of August Customers with Outstanding Balances Dates 8/25 Balances Customer Names Jose Mendes Nicholas Jay Credit Terms 3/20, N/60 $10.000 8/28 2/15. N/45 6,400 Totals $16,40p Creditors with Outstanding Balances Dates Balances 8/22 $7.900 Creditors Names Credit Terms Lisa Supplies Company 1/10, N/60 Farge Company 2/15, N/45 Mason Retailers 1/20, N/60 8/24 9.200 8/26 4.100 Totals $21.200 During the month of September, the following transactions were completed by the business: Sept 3 6 1 Stephanie Ram, the proprietor of the business, invested $87.000 cash and Office Supplies valued at $2,000 into the business 2 Issued a check to establish a Petty Cash Fund for $5,100 Paid a premium of $3,200 for a one-year insurance policy, effective September 1" Purchased 40 refrigerators on credit for $104,000 from Mason Retailers. The credit terms of the sale were 4/20. n/45.F.O.B. shipping point. Issued a check for $2.020 for the delivery charges on the September 6th transaction The business returned two damaged refrigerators to Mason Retailers and received a credit of $7,600 Sold several refrigerators to various customers with the credit terms 3/10,1660 and bills were sent out as follows: 8 9 10 Jose Mendes $4,300 Amy Thomas 8,300 Nicholas Jay 5.100 Dora Franklin 12.900 Totals $30,600 6.33/45 12 13 Borrowed $61,200 from National Trust Bank by signing a Notes Payable. Dora Franklin returned a defective refrigerator to the business and received a credit of $5,500. Issued a check to pay the bi-weekly employee salaries, $15,300. Purchased Store Supplies on credit, terms 2/10, 1/30, as follows: 14 15 $1.900 1,500 Wiley Retailers Lisa Supplies Company Farge Company Lincoln Wholesale Totals 900 2.700 $7.000 17 20 Purchased a Delivery Truck for $66,000 in cash. Received payment (before any applicable discounts) from the following customers for the September 10th sale to be applied to their accounts as follows (Hint: You will need to calculate amount of net cash received from customers): Jose Mendes $2.900 Amy Thomas 5.200 6.33/45 Jose Mendes $2,900 Amy Thomas 5,200 3,800 Nicholas Jay Dora Franklin 7.200 Totals $19,100 21 22 Received cash of $37.100 in advance for 7rqirigerators to be delivered over the next few months. Made a partial payment for the Store Supplies purchased on September 15th to be applied to the below accounts (before any applicable discounts) as follows (Hint: You will need to calculate amount of the net cash payment): $1.500 2.800 Wiley Retailers Lisa Supplies Company Farge Company Lincoln Wholesale 600 900 Totals $5,800 23 Stephanie Ram withdrew $4,100 in cash for her personal use. Sold several refrigerators and received $212,500 cash. 24 2.800 Lisa Supplies Company Farge Company Lincoln Wholesale 600 900 Totals $5,800 23 24 25 26 Stephanie Ram withdrew $4.100 in cash for her personal use. Sold several refrigerators and received $212 500 cash. Made a partial payment to Mason Retailers of $95,000 to be applied as a reduction to the account balance (before any applicable discounts) for the September 6th transaction (Hint: You will need to calculate amount of the net cash payment). Paid the monthly utility bills, $8,400. Stephanie Ram purchased a Forklift for $32.200. Issued a check to pay the bi-weekly employee salaries, $15,300 The Petty Cash Fund had a cash balance of $3,500 at the end of September with petty cash receipts/vouchers for postage. $440, and repair supplies, 5980. A check was issued to replenish the fund, Issued a check for the payment of September's rent, $14,000. 27 28 29 30 Part 1 Your answer is partially correct Prepare the Journal Entries in the General Journal. (Credil account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Do not use dollar signs ($) when entering amounts. To see comma formatted numbers reflected in your final answers, you must enter your answers with commas.) General Journal: Debit Credit Date Account Titles 2016 Cash 87000 Sept. 1 2000 Office Supplies Part 2 Post the Journal Entries to the General Ledger and Subsidiary Ledgers. Amounts to the Accounts Receivable and Accounts Payable should be posted as a total amount to the Accounts Receivable and Accounts Payable accounts in the General Ledger (Post the General Journal entries in chronological order to the respective accounts in the Ledgers below. Calculate the running balances for each account after each posting. Do not use dollar signs ($) when entering amounts. Only recalculate the ending balances to Ledger accounts where amounts were posted. To see comma formatted numbers reflected in your final answers, you must enter your answers with commas.) General Ledger Cash Date Debit Credit Balance Aug 31 Balance General Ledger 6.33/45 E 1 Cash Date Debit Aug 31 Balance Credit Balance Petty Cash Fund Date Debit Credit Balance Accounts Receivable Date Debit Credit Balance Aug. 31 Balance Merchandise Inventory Prepare a Trial Balance using the account names and balances from the General Ledger. (Do not list those accounts that have zero ending balance. Do not use dollar signs ($) when entering amounts. To see comma-formatted numbers reflected in your final answers, you must enter your answers with commas.) Debit Credit Part 4 Using the information from the Accounts Receivable Subsidiary Ledger, prepare a Schedule of Accounts Receivable. (Do not use dollar signs (5) when entering amounts. To see comma-formatted numbers reflected in your final answers, you must enter your answers with commas.) Total b.39 / 45 ini Part 5 Using the information from the Accounts Payable Subsidiary Ledger, prepare a Schedule of Accounts Payable. (Do not use dollar signs (5) when entering amounts. To see comma formatted numbers reflected in your final answers, you must enter your answers with commas.) $ Total