C 111 Project 1A August 1, 2016, Stephanie Ram, a sole proprietor, started a new business, Ram Wholesale Company. The company sells refrigerators ierchandise) to various retail stores and uses the periodic inventory system. At the end of August, the company's Post-Closing Trial Balance owed the following accounts and balances: Ram Wholesale Company Post-Closing Trial Balance August 31, 2016 Account Titles Debit Credit ash $157,300 ccounts Receivable 15,700 erchandise Inventory, 9/30/15 56,300 ore Supplies 4,400 fice Supplies 3,000 ind 34,000 livery Truck 93,000 cumulated Depreciation, Delivery Truck $750 scounts Payable 20,700 nearned Sales Revenue 2,200 otes Payable (Due 2040) 58,000 ephanie Ram, Capital 282,050 Totals $363,700 $363,700 bsidiary Ledgers balances during the month of August istomers with Outstanding Balances Sates Customer Names Credit Terms 25 Jose Mendes 3/20, N/60 Nicholas Jay 2/15, N/45 Totals Balances $10,100 5,600 $15,700 28 ates 22 editors with Outstanding Balances Creditors Names Lisa Supplies Company Farge Company Mason Retailers Totals Credit Terms 1/10, N/60 2/15, N/45 1/20, N/60 24 Balances $7,800 9,000 3,900 $20,700 26 iring the month of September, the following transactions were completed by the business: pl. 1 GRATOR INTERIM BACK NEXT ying the month of September, the following transactions were completed by the business Stepianie Ram the proprietor of the business, invested $87,000 cash and Office Supplies valued at $1,000 into the business 2 Issued a check 10 establish a Pest Cash and for 55.000 3 Pald premium of $1,400 for a one year insumce policy effective September Purchased 43 refrigerators on credit for 163.400 from Mason Retailers. The credit forms of these were 4/20, 1/45, FOB shipping pont * Issued a check for $2.010 for the delivery charges on the September transaction The business returned two damaged refrigerators to Mason Rules and rostved a credit of $200 10 Sold several refrigerators to various customers win the credit torms 3/10, 60 and bels was an out as follows Jose Mendes 5100 Any Thomas 9,000 Nicholas y 4,000 Dora Franklin 15,500 Total 835,100 12 Borrowed 862,300 from National Trust Bank by signing a Notes Payable 13 Dora Franklin retumeda defective refrigerator to the business and received a credit of $4,800 14 Issued a check to pay the breekly employee sales, 15,400 15 Purchased Store Supplies on credit torma 2/10, 1/30, as follow Wiley Retailers $1.000 Lise Supplies Company 1,500 Farge Company 1.100 Lincoln Wholesale 2.200 Totale 866.00 17 Pathased a Davy Truck for 865,000 inch 20 Reserved payment Infore way applicable discounts) from the following customers for the September to sale to be applied to their account as follows Hint. You will need to calculate amount of net cash received from customers Jose Mendes $3.000 Amy Thomas 5700 Nicholas y 4200 Dora Franklin 8.700 Total $21,700 freceived cash of $24.500 in advance for Soligorts to be delivered over the next few months 22 Made a partial payment for the Store Supplies purchased on September 15 to be applied to the below accounts (before any applieable discounts) as follows (Hint You will need to calculate amount of the net cash payment Wiley Retailers $1,500 Lise Supplies Company 2000 Fwge Company 200 Lincoln Wholesale B00 Totale 35,700 Staphane Ram withdrew $4,400 in cash for his personal use 24 Sokleveral refrigerators and received $203,500 cash 25 Made a partial payment to Mason Patates of 889.000 to be applied as a reduction to the account balance before any applicable diacowita) for the September 6 transaction that you will need to calculate amount of the net cash payment). 20 Paid the monthly Utility bills. 99,200 27 Stephanie Rampurchased a Forsitt for 532,100 2 sud a check 19 pay the bi-weekly employee salaries, 815400 2 The Petty Cash Fund had a cash balance of $3,500 at the end of September with petty cash receipts/vouchers for portage, 5200, and repair supplies 8000. A check wassed to replenish the fund 30 Issued a check for the payment of September'erent, 673,000 21 pore the Joumal Entries in the General Journal (Credit accountitles are automatically indented when the amount is entered. Do not indent Mually Record anal entries in the order presented in the problem. Donat e dollars (8) when entering amounts. To see comma-formatted mbarawfood in your final wars, you must for your we will comme AL Debit Cut pula A Tales 2016 apt1 10 12 13 14 15 17 20 22 CALCULATOR PERVERSION BACK 17 20 21 22 29 25 20 28 29 30 fore moving onto the next section, please do the following for scran help, click on the hyperlinks below: Seal to the will of the page and click on the Sorbutton to save your work When you are ready to begin the next section, you can deference the work that you have completed by clicking on the inter version" button a of the page. Doing this will open your saved as a new window to help you complete the next section mplete these steps each time you how fillede section. Do not click on the " Sawal button tl you have completed all of the sec LINK TO TE LINE TEXT LINK TO THE LINED TEXT at the Journal Entree to the General Ledger and Subsidiary Lodgers. Amount to the Account Reconable and Accounts Payable should be sted as a total amount to the Accounts Receivable and Accounts Payable accounts in the General Ledger Post the General Journal entries in ronological order to the respective rots in the Ledgers below Calowate the uning balances for each account after each posting Do nota Wer aligna (8) when entering antoni. Dly recalculate the ding bales to Ledger accounts were amounts were posted. To se matted numere reflected in your final antes, you must enter your answer with comma neladger S hogy lending Principles, 13th Edition, Custom WilayPLUS Course for Bronx Community College CALCULATOR BACK NET Date Credit Aug 31 Balance liance 357,300 tly Cash Fund Det Balance counts Hotiable Du Aug 31 Balance 15.700 archandise Det Want Aug 31 Balance 56,300 are Supplies be Det ant Aug 31 Balance ice Supplies Date Dett Aug 31 Balance 9,000 paid insurance Date Det Balance nd Credit Balance Aug 31 Balance 34000 Weygandt, Accounting Principles, 13th Edition Custom WileyPLUS Course for Bronx Community College Help System Andrea TERVEN BACK NET CALATOR raan very Truck Dulu Debil Aug 31 Balance 8,000 umulated Depreciation, Delivery Truck Date Aug 31 Balance Daha Credit als 750 onts Payable Dale Dahil Credit als 20,700 Aug 31 Balance amed Sales Revenue Dule Dahil Aug 31 Balance 1,200 es Payable Date Debut Crede Ralance Aug 31 Balance SE000 hanie Rum, Capital Dato Debut Cred Aug 31 Balance 282,050 hanie Ram Drawing Datu De Crede Revenue Date Dahil Credin Hale Discounts Dale Debit Credit Return and Allowances Dals Dahil Credit Bals Dule Dabil Credi CMLBULATIE PONTEVESOM SAN NET s Discounts Det Crash Kalance e Returns and Allowance Det CH Balance Det Balance me Expense Det Balance tas De Credit Balance air Supplies Expense Det Balans agu Expanse Delis Balance Expense Det C Short over Date De aadi Balans unts Receivable subsidiary Ledger Mendes Date Aug 25 Balance Data Raiano 2/20 N/00 10.100 3/10 N/00 Thomas Date Del 310 N/60 Del Dute Aug 26 Balance 3/2, 1/45 5.600 2/10 N/60 Weygandt, Accounting Principles, 13th Edition Custom WileyPlus Course for Bon Community College GALDILAR BACK NEXT holas Jay Dulu Aug 26 Balance Duta Code HA 3/20 N/45 5600 3/10/60 Franklin Date Det Corner 3/10 N/60 unta Payable obsidiary Ledger yRetwins Date Det Credit 2/10, N/30 Supplies Company Dete Crni Balance Aug 22 lance 1/10 N/60 7,800 2/10: N/30 ge Company Date Aug 24 Balance Det Cal 2/15 N/60 0,000 2/10/30 on Rilers Date Aug 26 Blace w he 1/20 N/45 2.900 4/20 N/45 coln Wholesale Date Date 2/10, N/90 remoning onto the next section please do the following for screen help click on the typerlinks below croll to the end of the page and click on the "Save for Land Button to save your work Then you are ready to begin the next section, you can refrene he work that you have completed by clicking on the intervalo uten at the of the page. Doing the open your saved answers in a new window shelp you complete the next section. plete these steps each time you have finished a section. Do not click on the Summer" button until you have completed all of the section TOUT LCOTEXT LINK TO TERIT LINK TO TEXT epare a Thal Balance using the account names and balances from the General Ledger (Do not list those accounts that are we ending time not use doller signs ($when entering antowi. To see comforted umbera reflected in your final answers, you must enter your tawar thomas) Det Credi Totals for moving onto the next section please do the following for screen help, click on the hyperlinks below Scroll to the end of the page and click on the "Save foutes" button to save your work When you ww ready to begin the next section you can reference the work tlut you have completed by clicking on twitter.comanat of the page. Doing this will open you saved winwindow to help you complete the next section mmplete these steps each time you have finished a section. Do not click on the summer tutto unil you have completed all of the secti LRT TEXT GINETOTER LIKE TO TEXT Scroll to the end of the page and click on the "Save for Later" button to save your work When you are ready to begin the next section you can reference the work that you have completed by clicking on the Prime Buton at the of the page. Doing this will open you saved answers in new window to help you complete the most section mplete these steps each time you have finished a section. Do not click on the Submit Answers" button mil you have completed all of the sections LT TEXT LIETOTT STO TOITUTO TEXT ing the Information from the Accounts Receivable Subsidiary Ledger prepare a Schedule of Accounts Receivable Donate dollar signs Swim Twing ama. To se conformatted reflected in your finanses, you must enter your answers with cars.) Total fore moving onto the need to please do the following for some help on the hyperlink below) Scroll to the end of the page and click on the water button to see your work When you are ready to begin the next section you can reference the work that you have completed by clicking on the Ponte Version" button at the of the page. Dolng this will open your saved answer window to help you complete the next section mplete these steps each time you have finished a section. Do not click on the Submit Antwer" button antil you have completed all of the sections LIND TEXT LINK TO TELT TO TEXT LINK TO THE ing the information from the Accounts Payable subsidiary Ledger, prepare a Schedule of Accounts Payable (Do not use dollar signs when tering amounts To see comma-formatted somers reflected in your final wers, you must enter your answers with comma.) Total ick if you would like to show Work for this question Spa Son Work TXT LINK TO THE LT TEXT LINK TO THE C 111 Project 1A August 1, 2016, Stephanie Ram, a sole proprietor, started a new business, Ram Wholesale Company. The company sells refrigerators ierchandise) to various retail stores and uses the periodic inventory system. At the end of August, the company's Post-Closing Trial Balance owed the following accounts and balances: Ram Wholesale Company Post-Closing Trial Balance August 31, 2016 Account Titles Debit Credit ash $157,300 ccounts Receivable 15,700 erchandise Inventory, 9/30/15 56,300 ore Supplies 4,400 fice Supplies 3,000 ind 34,000 livery Truck 93,000 cumulated Depreciation, Delivery Truck $750 scounts Payable 20,700 nearned Sales Revenue 2,200 otes Payable (Due 2040) 58,000 ephanie Ram, Capital 282,050 Totals $363,700 $363,700 bsidiary Ledgers balances during the month of August istomers with Outstanding Balances Sates Customer Names Credit Terms 25 Jose Mendes 3/20, N/60 Nicholas Jay 2/15, N/45 Totals Balances $10,100 5,600 $15,700 28 ates 22 editors with Outstanding Balances Creditors Names Lisa Supplies Company Farge Company Mason Retailers Totals Credit Terms 1/10, N/60 2/15, N/45 1/20, N/60 24 Balances $7,800 9,000 3,900 $20,700 26 iring the month of September, the following transactions were completed by the business: pl. 1 GRATOR INTERIM BACK NEXT ying the month of September, the following transactions were completed by the business Stepianie Ram the proprietor of the business, invested $87,000 cash and Office Supplies valued at $1,000 into the business 2 Issued a check 10 establish a Pest Cash and for 55.000 3 Pald premium of $1,400 for a one year insumce policy effective September Purchased 43 refrigerators on credit for 163.400 from Mason Retailers. The credit forms of these were 4/20, 1/45, FOB shipping pont * Issued a check for $2.010 for the delivery charges on the September transaction The business returned two damaged refrigerators to Mason Rules and rostved a credit of $200 10 Sold several refrigerators to various customers win the credit torms 3/10, 60 and bels was an out as follows Jose Mendes 5100 Any Thomas 9,000 Nicholas y 4,000 Dora Franklin 15,500 Total 835,100 12 Borrowed 862,300 from National Trust Bank by signing a Notes Payable 13 Dora Franklin retumeda defective refrigerator to the business and received a credit of $4,800 14 Issued a check to pay the breekly employee sales, 15,400 15 Purchased Store Supplies on credit torma 2/10, 1/30, as follow Wiley Retailers $1.000 Lise Supplies Company 1,500 Farge Company 1.100 Lincoln Wholesale 2.200 Totale 866.00 17 Pathased a Davy Truck for 865,000 inch 20 Reserved payment Infore way applicable discounts) from the following customers for the September to sale to be applied to their account as follows Hint. You will need to calculate amount of net cash received from customers Jose Mendes $3.000 Amy Thomas 5700 Nicholas y 4200 Dora Franklin 8.700 Total $21,700 freceived cash of $24.500 in advance for Soligorts to be delivered over the next few months 22 Made a partial payment for the Store Supplies purchased on September 15 to be applied to the below accounts (before any applieable discounts) as follows (Hint You will need to calculate amount of the net cash payment Wiley Retailers $1,500 Lise Supplies Company 2000 Fwge Company 200 Lincoln Wholesale B00 Totale 35,700 Staphane Ram withdrew $4,400 in cash for his personal use 24 Sokleveral refrigerators and received $203,500 cash 25 Made a partial payment to Mason Patates of 889.000 to be applied as a reduction to the account balance before any applicable diacowita) for the September 6 transaction that you will need to calculate amount of the net cash payment). 20 Paid the monthly Utility bills. 99,200 27 Stephanie Rampurchased a Forsitt for 532,100 2 sud a check 19 pay the bi-weekly employee salaries, 815400 2 The Petty Cash Fund had a cash balance of $3,500 at the end of September with petty cash receipts/vouchers for portage, 5200, and repair supplies 8000. A check wassed to replenish the fund 30 Issued a check for the payment of September'erent, 673,000 21 pore the Joumal Entries in the General Journal (Credit accountitles are automatically indented when the amount is entered. Do not indent Mually Record anal entries in the order presented in the problem. Donat e dollars (8) when entering amounts. To see comma-formatted mbarawfood in your final wars, you must for your we will comme AL Debit Cut pula A Tales 2016 apt1 10 12 13 14 15 17 20 22 CALCULATOR PERVERSION BACK 17 20 21 22 29 25 20 28 29 30 fore moving onto the next section, please do the following for scran help, click on the hyperlinks below: Seal to the will of the page and click on the Sorbutton to save your work When you are ready to begin the next section, you can deference the work that you have completed by clicking on the inter version" button a of the page. Doing this will open your saved as a new window to help you complete the next section mplete these steps each time you how fillede section. Do not click on the " Sawal button tl you have completed all of the sec LINK TO TE LINE TEXT LINK TO THE LINED TEXT at the Journal Entree to the General Ledger and Subsidiary Lodgers. Amount to the Account Reconable and Accounts Payable should be sted as a total amount to the Accounts Receivable and Accounts Payable accounts in the General Ledger Post the General Journal entries in ronological order to the respective rots in the Ledgers below Calowate the uning balances for each account after each posting Do nota Wer aligna (8) when entering antoni. Dly recalculate the ding bales to Ledger accounts were amounts were posted. To se matted numere reflected in your final antes, you must enter your answer with comma neladger S hogy lending Principles, 13th Edition, Custom WilayPLUS Course for Bronx Community College CALCULATOR BACK NET Date Credit Aug 31 Balance liance 357,300 tly Cash Fund Det Balance counts Hotiable Du Aug 31 Balance 15.700 archandise Det Want Aug 31 Balance 56,300 are Supplies be Det ant Aug 31 Balance ice Supplies Date Dett Aug 31 Balance 9,000 paid insurance Date Det Balance nd Credit Balance Aug 31 Balance 34000 Weygandt, Accounting Principles, 13th Edition Custom WileyPLUS Course for Bronx Community College Help System Andrea TERVEN BACK NET CALATOR raan very Truck Dulu Debil Aug 31 Balance 8,000 umulated Depreciation, Delivery Truck Date Aug 31 Balance Daha Credit als 750 onts Payable Dale Dahil Credit als 20,700 Aug 31 Balance amed Sales Revenue Dule Dahil Aug 31 Balance 1,200 es Payable Date Debut Crede Ralance Aug 31 Balance SE000 hanie Rum, Capital Dato Debut Cred Aug 31 Balance 282,050 hanie Ram Drawing Datu De Crede Revenue Date Dahil Credin Hale Discounts Dale Debit Credit Return and Allowances Dals Dahil Credit Bals Dule Dabil Credi CMLBULATIE PONTEVESOM SAN NET s Discounts Det Crash Kalance e Returns and Allowance Det CH Balance Det Balance me Expense Det Balance tas De Credit Balance air Supplies Expense Det Balans agu Expanse Delis Balance Expense Det C Short over Date De aadi Balans unts Receivable subsidiary Ledger Mendes Date Aug 25 Balance Data Raiano 2/20 N/00 10.100 3/10 N/00 Thomas Date Del 310 N/60 Del Dute Aug 26 Balance 3/2, 1/45 5.600 2/10 N/60 Weygandt, Accounting Principles, 13th Edition Custom WileyPlus Course for Bon Community College GALDILAR BACK NEXT holas Jay Dulu Aug 26 Balance Duta Code HA 3/20 N/45 5600 3/10/60 Franklin Date Det Corner 3/10 N/60 unta Payable obsidiary Ledger yRetwins Date Det Credit 2/10, N/30 Supplies Company Dete Crni Balance Aug 22 lance 1/10 N/60 7,800 2/10: N/30 ge Company Date Aug 24 Balance Det Cal 2/15 N/60 0,000 2/10/30 on Rilers Date Aug 26 Blace w he 1/20 N/45 2.900 4/20 N/45 coln Wholesale Date Date 2/10, N/90 remoning onto the next section please do the following for screen help click on the typerlinks below croll to the end of the page and click on the "Save for Land Button to save your work Then you are ready to begin the next section, you can refrene he work that you have completed by clicking on the intervalo uten at the of the page. Doing the open your saved answers in a new window shelp you complete the next section. plete these steps each time you have finished a section. Do not click on the Summer" button until you have completed all of the section TOUT LCOTEXT LINK TO TERIT LINK TO TEXT epare a Thal Balance using the account names and balances from the General Ledger (Do not list those accounts that are we ending time not use doller signs ($when entering antowi. To see comforted umbera reflected in your final answers, you must enter your tawar thomas) Det Credi Totals for moving onto the next section please do the following for screen help, click on the hyperlinks below Scroll to the end of the page and click on the "Save foutes" button to save your work When you ww ready to begin the next section you can reference the work tlut you have completed by clicking on twitter.comanat of the page. Doing this will open you saved winwindow to help you complete the next section mmplete these steps each time you have finished a section. Do not click on the summer tutto unil you have completed all of the secti LRT TEXT GINETOTER LIKE TO TEXT Scroll to the end of the page and click on the "Save for Later" button to save your work When you are ready to begin the next section you can reference the work that you have completed by clicking on the Prime Buton at the of the page. Doing this will open you saved answers in new window to help you complete the most section mplete these steps each time you have finished a section. Do not click on the Submit Answers" button mil you have completed all of the sections LT TEXT LIETOTT STO TOITUTO TEXT ing the Information from the Accounts Receivable Subsidiary Ledger prepare a Schedule of Accounts Receivable Donate dollar signs Swim Twing ama. To se conformatted reflected in your finanses, you must enter your answers with cars.) Total fore moving onto the need to please do the following for some help on the hyperlink below) Scroll to the end of the page and click on the water button to see your work When you are ready to begin the next section you can reference the work that you have completed by clicking on the Ponte Version" button at the of the page. Dolng this will open your saved answer window to help you complete the next section mplete these steps each time you have finished a section. Do not click on the Submit Antwer" button antil you have completed all of the sections LIND TEXT LINK TO TELT TO TEXT LINK TO THE ing the information from the Accounts Payable subsidiary Ledger, prepare a Schedule of Accounts Payable (Do not use dollar signs when tering amounts To see comma-formatted somers reflected in your final wers, you must enter your answers with comma.) Total ick if you would like to show Work for this question Spa Son Work TXT LINK TO THE LT TEXT LINK TO THE