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Bella Floral Designs is a wholesale shop that sells flowers, plants, and plant supplies. The transactions shown below took place during January DATE TRANSACTIONS Jan
Bella Floral Designs is a wholesale shop that sells flowers, plants, and plant supplies. The transactions shown below took place during January DATE TRANSACTIONS Jan 3 Sold a floral arrangement to Thomas Florist; issued Invoice 1081 for $6ee. 8 Sold potted plants to Carter Garden Supply; issued Invoice 1082 for $825. 9 sold floral arrangements to Thomasville Flower Shop; issued Invoice 1083 for $482. 10 Sold corsages to Moore's Flower Shop; issued Invoice 1084 for $630. 15 Gave Thomasville Flower Shop an allowance because of withered blossoms discovered in one of the floral arrangements sold on Invoice 1083 on January 9; issued Credit Memorandum 101 for $60. 20 sold table arrangements to Cedar Hill Floral Shop; issued Invoice 1985 for $580. 22 Sold plants to Applegate Nursery; issued Invoice 1886 for $780. 25 Sold roses to Moore's Flower Shop; issued Invoice 1887 for $437. 27 Sold several floral arrangements to Thomas Florist; issued Invoice 1888 for $975. 31 Gave Thomas Florist an allowance because of withered blossoms discovered in one of the floral arrangements sold on Invoice 1888 on January 27; issued Credit Memorandum 102 for $288. Required: 1. Record the transactions in the proper Journal. 2. Post the accounts receivable ledger. 3. Post the amounts from the general Journal daily. Post the sales Journal amount as a total at the end of the month. 4. Prepare a schedule of accounts receivable. Compare the balance of the Accounts Receivable control account with the total of the schedule. Analyze: Damaged goods decreased sales by what dollar amount? By what percentage amount? Sales Journal General Journal Ledger Accounts Schedule of Acct Rec Analyze Prepare a sales journal to record the above transactions. SALES JOURNAL Date Invoice Number Customer's Name Accounts Receivable Dr. Sales Cr. Jan. 31 $ 0 Sales Journal General Journal > Sales Journal General Journal Ledger Accounts Schedule of Acct Rec Analyze Prepare general journal entries as needed. View transaction list Journal entry worksheet Record the first entry required in the general journal. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Sales Journal General Journal Ledger Accounts Schedule of Acct Rec Analyze Post the sales return transactions and column totals from the sales journal into the General ledger accounts, and post each transaction individually accounts receivable subsidiary ledger accounts. GENERAL LEDGER Account No. 111 Credit Balance Date Accounts Receivable Date Debit Sales Account No. 401 Credit Balance Debit Sales Returns and Allowances Date Debit Account No. 451 Credit Balance Applegate Nursery Date Debit ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER Terms: n/45 Carter Garden Supply Credit Balance Date Debit Terms: n/45 Credit Balance Cedar Hill Floral Shop Date Debit Terms: n/45 Credit Balance Moore's Flower Shop Date Debit Terms: n/45 Credit Balance Thomas Florist Date Debit Terms: n/45 Credit Balance Thomasville Flower Shop Date Debit Terms: n/45 Credit Balance Sales Journal General Journal Ledger Accounts Schedule of Acct Rec Analyze Prepare a schedule of accounts receivable. BELLA FLORAL DESIGNS Schedule of Accounts Receivable January 31, 2019 Applegate Nursery Carter Garden Supply Cedar Hill Floral Shop Moore's Flower Shop Thomas Florist Thomasville Flower Shop Total Sales Journal General Journal Ledger Accounts Schedule of Acct Rec Analyze Damaged goods decreased sales by what dollar amount? By what percentage amount? (Round your percentage answer to 1 decimal place.) Damaged goods decreased sales revenue by and by % Schedule of Acct Rec Analyze >
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