Because Natalie has had such a successful first few months, she is considering other opportunities to develop her business. One 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 n/30. 6 She pays $100 freight on the January 4 purchase. 7 Natalie returns one of the mixers to Kzinski because it was damaged 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 neighborhood 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 journal 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 Kzinski 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 Natalies 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.

Post the January 2024 transactions. (Post entriesin the order of journal entries presented in the previous part. If balance is zero, please enter 0.)

Because Natalie has had such a successful first few months, she is considering other opportunities to develop her business. One 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 casily identified. In the end, Natalle decldes to use the perpetual method of accounting for inwentory, and the following transactions happen during the month of January: Jan, 4 She buys five deluxe mbers on account from KzinskiSupply Co. for $2750, terms n/30. 6 She pays $100 freight on the January 4 purchase. 7 Natalie returns one of the mixers to Kzinki because it was damaged 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 mber. 8 She collects $450 due from the neighborhood 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 fincluding freight). 13 Natalie pays her cell phone bill previously accrued in the December adjusting journal entries. 14 She pays $75 of detivery charges for the three mixers that were sold on January 12. 14. She buys four deluxe mixers on account from Kzinki Supply Co. for $2,200, terms n/30. 17 Natalie is concerned that there is not enough cash avallable to pay for all of the mixers purchased. She issues additiona! common stock for $1,000. 18 She pays $80 freight on the January 14 purchase. 20 She seils two deluxe mbers for $2.200cash. 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. Post the January 2024 transactions. (Post entries in the onder of foumal entries presented in the previous part. If bolance is zero, please enter 0 Question 3 of 4 2.78/25 \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Accounts Receivable: } \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hlinev & Balance & & & \\ \hline & & & & \\ \hline & & & & \\ \hlinev & & & & \\ \hline \end{tabular} Date Explanation Debit Credit Balance Date Explanation Debit Credit Batance Balance Question 3 of 4 2.78/25 Prepaid Insurance \begin{tabular}{|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Date } & \multirow[b]{2}{*}{ Explanation } & \multicolumn{3}{|c|}{ Prepaid Insurance } \\ \hline & & Debit & Credit & Balance \\ \hlinev & Balance. & & & \\ \hline \end{tabular} Equipment \begin{tabular}{|c|c|c|c|} \hline Date & Explanation & Debit & Credit \\ \hline & Balance & & \\ \hline \end{tabular} Mccumulated Depreciation-Equipment Date Explanation Debit Credit Batance Ealance Website Date Explanation Debit Credit Balance Balance Accounts Payable Date Explanation Debit Credit Balance Babrice Question 3 of 4 \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Salaries and Wages Payable } \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline & Balance & & & \\ \hline & & & & \\ \hline \end{tabular} \begin{tabular}{|l|lll|} \hline \multicolumn{2}{|c|}{ Interest Payable } \\ \hline Date Explanation & Debit & Credit & \\ \hline \end{tabular} Balance \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Unearned Service Revenue } \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline & Balance. & & & \\ \hline \end{tabular} Notes Payable Date Explanation Debit Credit Balance Balance Cominion Stock Date Explanation Debit Credit Balance Belance Retained Earnings Date Explanation Debit Credit Balance Balance Question 3 of 4 2.78/25