Begin by journalizing the transactions. (Record debits first, then credits. Exclude explanations from any journal entries. Assume the Jan. 1: Purchased 5 T-shirts at $10 each and paid cash. Date Accounts Debit Credit Jan. 1 Choose from any list or enter any number in the input fields and then click Check Answer Clear All 21 parts parts remaining Reference Cash Accounts Payablo Canoe Rental Revenue Bal. 14,580 3,900 Bal. O Bal Rent Expense Accounts Receivable 6,500 Wages Payable 1,200 Bal. Bal Bal. 0 Office Supplies 700 Utilities Payable 290 Bal Wages Expense ol Bal Bal. Prepaid Rent Telephone Payable Utilities Expense Bal 0 2,200 310 Bal Bal. Land Unearned Revenue Telephone Expense ol Bal Bal 90.000 250 Bal Building Interest Payable Supplies Expense Print Done ULT Reference BO 90.000 250 Bal Bal. 0 Interest Payable Building 285.000 Bal Supplies Expenso 0 120 Bal Bal Accumulated Depr.Building Notes Payable Depreciation Expense Building Bal. 1,500 Bal. 9,120 Bal. Canoes Common Stock Depreciation Expense-Canoes Ball 16,320 396,000 Bal Bal Accumulated Depr. Canoes Dividends Interest Expense 490 Bal Bal Bal 0 Retained Earnings Income Summary O Bal 2,120 Bal Jan. 1 Purchased 5 T-shirts at $10 each and paid cash. 1-Jan. 2 Sold 3 T-shirts for $24 each, total cost of $30. Received cash. Jan. 3 Purchased 120 T-shirts on account at $11 each. Terms 3/10, n/30. Jan. 7 Paid the supplier for the T-shirts purchased on January 3, less discount. Realized 2 T-shirts from the January 1 order were printed wrong and returned them for a cash Jan. 8 refund. Jan. 10 Sold 30 T-shirts on account for $24 each, total cost of $330. Terms 3/15, n/45. Jan. 12 Received payment for the T-shirts sold on account on January 10, less discount. Jan. 14 Purchased 210 T-shirts on account at $10 each. Terms 1/15, n/30 Tree Top Company called the supplier from the January 14 purchase and told them that some of Jan. 18 the T-shirts were the wrong color. The supplier offered a $120 purchase allowance. Jan. 20 Paid the supplier for the T-shirts purchased on January 14, less the allowance and discount. Jan. 21 Sold 160 T-shirts on account for $24 each, total cost of $1,610. Terms 2/20, n/30. Jan. 23 Received a payment on account for the T-shirts sold on January 21, less discount Jan. 25 Purchased 390 T-shirts on account at $11 each. Terms 1/10, 1/30. FOB shipping point. Jan. 27 Paid freight associated with the January 25 purchase, $39. Jan. 29 Paid for the January 25 purchase, less discount 7. 10 n. 12 n. 14 n. 18 an. 20 an. 21 Received payment for the T-shirts sold on account on January 10, less discount. Purchased 210 T-shirts on account at $10 each. Terms 1/15, n/30. Tree Top Company called the supplier from the January 14 purchase and told them the T-shirts were the wrong color. The supplier offered a $120 purchase allowance. Paid the supplier for the T-shirts purchased on January 14, less the allowance and Sold 160 T-shirts on account for $24 each, total cost of $1,610. Terms 2/20, n/30. Received a payment on account for the T-shirts sold on January 21, less discount. Purchased 390 T-shirts on account at $11 each. Terms 1/10, n/30, FOB shipping poi Paid freight associated with the January 25 purchase, $39. I Paid for the January 25 purchase, less discount. Sold 300 T-shirts on account for $24 each, total cost of $3,058. Terms 1/10, n/30. Received payment for the T-shirts sold on January 30, less discount. an. 23 an. 25 an. 27 Jan. 29 Jan. 30 Jan. 31 More Info Cash, Accounts Receivable, Merchandise Inventory, Estimated Returns Inventory, Office Supplies, Prepaid Rent, Land, Building, Accumulated Depreciation Building, Canoes, Accumulated Depreciation-Canoes, Accounts Payable, Utilities Payable, Telephone Payable, Wages Payable, Refunds Payable, Interest Payable, Unearned Revenue, Notes Payable, Common Stock, Retained Earnings, Income Summary, Sales Revenue, Canoe Rental Revenue, Cost of Goods Sold, Rent Expense, Wages Expense, Utilities Expense, Telephone Expense, Supplies Expense, Depreciation Expense-Building, Depreciation Expense-Canoes, Interest Expense. Print Done Reference BO 90.000 250 Bal Bal. 0 Interest Payable Building 285.000 Bal Supplies Expenso 0 120 Bal Bal Accumulated Depr.Building Notes Payable Depreciation Expense Building Bal. 1,500 Bal. 9,120 Bal. Canoes Common Stock Depreciation Expense-Canoes Ball 16,320 396,000 Bal Bal Accumulated Depr. Canoes Dividends Interest Expense 490 Bal Bal Bal 0 Retained Earnings Income Summary O Bal 2,120 Bal