Ram Wholesale Company Post-Closing Trial Balance August 31, 2016 Account Titles Debit Credit Cash $154,700 Accounts Receivable 15,600 Merchandise Inventory, 9/30/15 55,700 Store Supplies 4,100 Office Supplies 2,800 Land 37,000 Delivery Truck 92,000 Accumulated Depreciation, Delivery Truck $850 Accounts Payable 21,900 Unearned Sales Revenue 1,900 Notes Payable (Due 2040) 60,000 Stephanie Ram, Capital 277,250 Totals $361,900 $361,900 Subsidiary Ledgers balances during the month of August Customers with Outstanding Balances Dates Customer Names Credit Terms Balances 8/25 Jose Mendes 3/20, N/60 $9,800 8/28 Nicholas Jay 2/15, N/45 5,800 Totals $15,600 Creditors with Outstanding Balances Dates Creditors Names Credit Terms Balances 8/22 Lisa Supplies Company Farge Company 1/10, N/60 $8,500 B/24 2/15, N/45 9,500 8/26 Mason Retailers 1/20, N/60 3,900 Totale 421.900 G Search or type URL Totals $15,600 Creditors with Outstanding Balances Dates Creditors Names Credit Terms Balances 8/22 Usa Supplies Company 1/10, N/60 $8,500 8/24 Farge Company 2/15, N/45 9,500 8/26 Mason Retailers 1/20, N/60 3,900 Totals $21,900 During the month of September, the following transactions were completed by the business: Sept. I Stephanie Ram, the proprietor of the business, Invested $87,700 cash and Office Supplies valued at $1,900 into the business. 2 Issued a check to establish a Petty Cash Fund for $5,000. 3 Pald a premium of $3,700 for a one-year insurance policy, effective September 1 Purchased 38 refrigerators on credit for $148,200 from Mason Retailers. The credit terms of the sale were 4/20, n45, F.O.B. shipping point Issued a check for $2,170 for the delivery chdrges on the September 6h transaction. The business returned two damaged refrigerators to Mason Retailers and received a credit of $7,200. 10 Sold several refrigerators to various customers with the credit terms 3/10, n/60 and bils were sent out as folows 6. Jose Mendes $6,200 Amy Thomas 12,500 Nicholas Jay 6,000 Dora Franklin 14,300 Totals $39,000 Dorrowed s00,500 from National Trust Bank by signing a Notes Payable. 13 Dora Franklin returned a defective refrigerator to the business end received acresdit of $5.300. 14 Issued a check to pay the bl-weekly empioyee salaries, $16,500. 15 Purchased Store Suppies o credt, terms 2/1o, 30, as follows 12 Wey Retailers Usa Supplies Company $2,100 1,500 Farge Company 1,100 G Search or type URL C PRINTE OM 20 Received peyment (before any applicable diecount) trom the olowng customers for the Septenter 10 sle to be ppled ter accunta atows Yuil need callate amount of net cah recetived from ustomers Jose Mendes $2.800 Ay Thomas 5400 Niholan Jey 3,100 Dora Franklin 300 Totas 120,400 21 Meceived cash ot s2100adance fer 4 retrigeratirs t be delvead over he net Semonth 22 Made a partial ayment for the Sore Supples punhad on Septee calcuate amount of the net cash paymen tthe belwau (before anr applicble di a er wi nee Wey Ratalers SLA00 Lsa Suopes Conpany 3200 Farge Cempany 400 Untain whulesa 00 Tetais 100 21 Szepherie Ram iteren 4,000 cai tur her en 4 Seid severt retngeratursand revetS00 ca 25 Made paral payment t on etale f s beaplet a te eeany ce nt me Seder You need to caloate amunt ar he et can se 24 Paid the monthy y b .0 27 Saphanie Ram preda Fun 00 2 ese pa he y ngi se IL 29 The Peny Cah Pnd hatih he eno Sateerw r , r sat eplenh th fund 0 launhe ement et Saptomoers e IS ntered De t maly ecard ene the yr al ers y tnt autmatiaty he Propane the oumal Eres inhe Deer u (Cet c t e ander presented in the prlem De net eler when tn ansers wih cemman General Jurnal Search or type URL ntering amounts. To see comma-formatted numbers nswers with commas.) General Journal: Date Account Titles Debit Credit 2016 Sept. 1 Cash 87,700 Office Supplies $1,900 Stephanie Ram, Capital 89600 2 Petty Cash Fund 5,000 Cash 5,000 3 Prepaid Insurance 3,700 Cash 3,700 6. Purchases 148,200 Accounts Payable/Mason Retailers 148,200 8 Freight-in 2,170 Cash 2,170 9 Accounts Payable/Mason Retalers 7,200 Purchases Returns and Allowances 7,200 10 Accounts Receivable/Jose Mendes 6,200 Accounts BeenihlnAmThomas > > > > Accounts Payable/Farge Co. 1,100 Accounts Payable/Lincoln Wholesale 2,600 17 Delivery Truck 70,000 Cash 70,000 20 Cash Sales Discounts 612 Accounts Recelvable/Jose Mendes Accounts Receivable/Amy Thomas Accounts Receivable/Nicholas Jay Accounts Receivable/Dora Franklin 21 Cash 21,200 Unearned Sales Revenue 21,200 22 Accounts Payable/Wiley Retailers Accounts Payable/Lisa Supplies Co. Accounts Payable/Farge Co. Accounts Payable/Lincoln Wholesale Cash Purchases Discounts 23 Stephanie Ram, Drawings 4,000