Calla Canoe Company is a service based company that rents canoes for use on local lakes and rivers. At the beginning of the newyear,Company decided to carry and sellT-shirts with its logo printed on them.Calla Canoe Company uses the perpetual inventory system to account for the inventory. DuringJanuary 2019,Calla Canoe Company completed the following merchandisingtransactions:
Requirements 1 and 2. Enter the transactions in a sales journal(page 2), a cash receipts journal(page 5, omit Sales Discounts Forfeitedcolumn), a purchases journal(page 7), a cash payments journal(page 6), and a general journal(page 4), as appropriate. Total each column of the special journals. Show that total debits equal total credits in each special journal. For purposes of thisproblem, we will ignore posting references.
Begin with page 2 of the sales journal. Enter the transactions and total the journal.(Round all amounts to the nearest whole dollar. If a box is not used in thetable, leave the boxempty; do not select a label or enter azero.)
Homework: Appendix B Problem Set Save Score: 0 of 20 pts 1 of 1 (1 complete) HW Score: 0%, 0 of 20 pts X CPB-30 (similar to) Question Help Calla Canoe Company is a service based company that rents canoes for use on local lakes and rivers. At the beginning of the new year, Calla Canoe Company decided to carry and sell T-shirts with its logo printed on them. Calla Canoe Company uses the perpetual inventory system to account for the inventory. During January 2019, Calla Canoe Company completed the following merchandising t i (Click the icon to view the transactions.) More Info - X Read the requirements. Requirements 1 and 2. Enter the transactions in a sales journal (page 2), a cash receipts journal (page 5, omit Sales Discounts Forfeited colu Total each column of the special journals. Show that total debits equal total credits in each special journal. For purposes of this problem, we wil Jan. 1 Purchased 14 T-shirts at $3 each and paid cash. Jan. 2 Sold 7 T-shirts for $14 each, total cost of $21. Received cash. Begin with page 2 of the sales journal. Enter the transactions and total the journal. (Round all amounts to the nearest whole dollar. If a box is n Jan. 3 Purchased 20 T-shirts on account at $5 each. Terms 4/10, n/30. Sales Journal Page 2 Jan. 7 Paid the supplier for the T-shirts purchased on January 3, less discount. Invoice Customer Post. Accounts Receivable DR Cost of Goods Sold DR Realized 7 T-shirts from the January 1 order were printed wrong and returned them for a cash Date Jan. 8 No. Account Debited Ref. Sales Revenue CR Merchandise Inventory CR refund. 2019 Jan. 10 Sold 10 T-shirts on account for $14 each, total cost of $50. Terms 2/15, n/45. Jan 10 140 50 Jan. 12 Received payment for the T-shirts sold on account on January 10, less discount. 21 2100 399 Jan. 14 Purchased 210 T-shirts on account at $3 each. Terms 4/15, n/30. Calla Canoe Company called the supplier from the January 14 purchase and told them that 30 2800 793 Jan. 18 some of the T-shirts were the wrong color. The supplier offered a $100 purchase allowance. Jan. 20 Paid the supplier for the T-shirts purchased on January 14, less the allowance and discount. Jan 31 Totals 5040 1,242 Jan. 21 Sold 150 T-shirts on account for $14 each, total cost of $399. Terms 3/20, n/30. Jan. 23 Received a payment on account for the T-shirts sold on January 21, less discount. Jan. 25 Purchased 400 T-shirts on account at $5 each. Terms 4/10, n/30, FOB shipping point. Jan. 27 Paid freight associated with the January 25 purchase, $40. Jan. 29 Paid for the January 25 purchase, less discount. Choose from any list or enter any number in the input fields and then click Check Answer. Windows SE OLZ Jan. 30 Sold 200 T-shirts on account for $14 each, total cost of $793. Terms 5/10, n/30. 050) WindowsSE SPLICE 8 parts Clear All remaining
