College Coasters is a San Diego-based merchandiser specializing in logo-adomed drink coasters. The company reported the following balances in its unadjusted trial balance at December 1 Cash $ 8GB As faceivable 1.800 Inventory 320 Prepaid Rent 66 Leleent 95e Alated Depreciation Se Accounts Payable Salaries and Wages Payable Tecome Tax Payable a G Stock 5.200 lated Earnings Sales Revenue Cost a Goods Sold 7,650 Pente 1.219 Salaries and ways Expense 1.900 Direction tapene 90 e Tax Exp Office 1,300 10 2.700 14,5 The company buys coasters from one supplier. All amounts in Accounts Payable on December 1 are owed to that supplier. The Inventory on December 1 consisted of 800 coasters, all of which were purchased in a batch on July 10 at a unit cost of $0.40 College Coasters records its inventory using perpetual tvertory accounts and the FIFO cost flow method During December, the company entered into the following transactions. Some of these transactions are explained in greater detall below Purchased 500 coasters on account from the regular supplier on 1211 at a unit cost of $0.42 with terms of 160 Purchased 900 coasters on account from the regular supplier on 122 at a unit cost of $0.45. with terms of 160 Sold 1700 coasters on account on 12/3 at a unit price of $100 Collected $800 from customers on account on 12,4 Paid the suppbor $1.570 cash on account on 12/18 Pald employees 5470 on 12/23. of which $260 related to work done in November and $210 was for wages up to December 22 Lood 80 consters on a cargo ship on 12/31 to be delivered the following wook to a customer in kona. Hawat The sale was made FOB destination with torms of n.60 Other relevant information includes the following at 1201 h College Coasters has not yet recorded $190 of office expenses incurred in December on account The company estimates that the equipment depreciates are of $8 per month. One month of depreciation needs to be recorded wages for the period from December 23-31 ore $400 and will be paid on Jouby 15 The 5660 of Prepaid Rent relates to a six month period ending on May 31 of next year The company incurred $700 of income tax but has made no tax payments this year No shinkage or damage was discovered when the inventory was counted on December 31 The company did not declare dividends and there were no transactions involving common stock th Statement lehet Soumal Am Prepare the journal is to record the transactions (a) through h). Review the accounts as shown in the General Ledge and a Balance tabs (fony is required for a transaction event. We No uma entry required in the first field) Journal entry worksheet 1 2 7 15 > Pechaud 500 con account from the regular uppler on 13/1 ant of $0.42. th term of NGO Record the transaction Genom Dvtat C w Phares de coal through the fabetic revised for your Journal entry worksheet 1 > Purchased from the regular oleron 12/2 cost of 50:45. when Record the De DORT Genom Det Crede Recomandy View Purchased 900 coasters on count from the regular wpplier on 12/2 et of 0.45, wth terms of 60. Record the transaction Generouma Debut Dute De 90 CE Chwy View General Ledger > Journal entry worksheet 2 4 5 5 7 15 Sold 1.700 costs on account on 12/1 at a unit price of $1. Record the Date General Joma Debit Credit 00 Cherandy Viral Repament General Ledger Prepare the journal entries to record the transactions (a) through (n) Review the accounts as shown in the General Ledger and Trial Balance tabl. (fronty is required for a transaction/event, select "No journal entry required in the first accountfield Journal entry worksheet Viewraction Journal entry worksheet Balance tabs. (no entry is required Viewraction at Journal entry worksheet View Journal entry worksheet + 5 7 15 2 3 4 Paderployees $470 on 12/23, of which $260 related to work done in November and $210 was for wages up to December 22. Record the transaction General Journal Debit Credit GO Clearany View our Journal entry worksheet 1 2 1 15 Loaded Coasters on a cargo ship on 12/31 to be delivered the following wel to a customer in Kona. Hawal. The sale was made FOB destination with um of 60. Record the transaction General Journal Debit Credit December 11 Panint Charly Viewer Prepare the jumal tries to record the transactions through the courth Balance to no es red for station/event, wiec jurnal try the first View Journal entry worksheet 10 11 12 10 The 5466 of raped Rent relates to a month period ending on May 21 of eye.Hacord the transaction General Dahil Credit Gerary View Regen General Ledger Balance Journal entry worksheet Balance tabs no entre Journal entry worksheet College Coasters is a San Diego-based merchandiser specializing in logo-adomed drink coasters. The company reported the following balances in its unadjusted trial balance at December 1 Cash $ 8GB As faceivable 1.800 Inventory 320 Prepaid Rent 66 Leleent 95e Alated Depreciation Se Accounts Payable Salaries and Wages Payable Tecome Tax Payable a G Stock 5.200 lated Earnings Sales Revenue Cost a Goods Sold 7,650 Pente 1.219 Salaries and ways Expense 1.900 Direction tapene 90 e Tax Exp Office 1,300 10 2.700 14,5 The company buys coasters from one supplier. All amounts in Accounts Payable on December 1 are owed to that supplier. The Inventory on December 1 consisted of 800 coasters, all of which were purchased in a batch on July 10 at a unit cost of $0.40 College Coasters records its inventory using perpetual tvertory accounts and the FIFO cost flow method During December, the company entered into the following transactions. Some of these transactions are explained in greater detall below Purchased 500 coasters on account from the regular supplier on 1211 at a unit cost of $0.42 with terms of 160 Purchased 900 coasters on account from the regular supplier on 122 at a unit cost of $0.45. with terms of 160 Sold 1700 coasters on account on 12/3 at a unit price of $100 Collected $800 from customers on account on 12,4 Paid the suppbor $1.570 cash on account on 12/18 Pald employees 5470 on 12/23. of which $260 related to work done in November and $210 was for wages up to December 22 Lood 80 consters on a cargo ship on 12/31 to be delivered the following wook to a customer in kona. Hawat The sale was made FOB destination with torms of n.60 Other relevant information includes the following at 1201 h College Coasters has not yet recorded $190 of office expenses incurred in December on account The company estimates that the equipment depreciates are of $8 per month. One month of depreciation needs to be recorded wages for the period from December 23-31 ore $400 and will be paid on Jouby 15 The 5660 of Prepaid Rent relates to a six month period ending on May 31 of next year The company incurred $700 of income tax but has made no tax payments this year No shinkage or damage was discovered when the inventory was counted on December 31 The company did not declare dividends and there were no transactions involving common stock th Statement lehet Soumal Am Prepare the journal is to record the transactions (a) through h). Review the accounts as shown in the General Ledge and a Balance tabs (fony is required for a transaction event. We No uma entry required in the first field) Journal entry worksheet 1 2 7 15 > Pechaud 500 con account from the regular uppler on 13/1 ant of $0.42. th term of NGO Record the transaction Genom Dvtat C w Phares de coal through the fabetic revised for your Journal entry worksheet 1 > Purchased from the regular oleron 12/2 cost of 50:45. when Record the De DORT Genom Det Crede Recomandy View Purchased 900 coasters on count from the regular wpplier on 12/2 et of 0.45, wth terms of 60. Record the transaction Generouma Debut Dute De 90 CE Chwy View General Ledger > Journal entry worksheet 2 4 5 5 7 15 Sold 1.700 costs on account on 12/1 at a unit price of $1. Record the Date General Joma Debit Credit 00 Cherandy Viral Repament General Ledger Prepare the journal entries to record the transactions (a) through (n) Review the accounts as shown in the General Ledger and Trial Balance tabl. (fronty is required for a transaction/event, select "No journal entry required in the first accountfield Journal entry worksheet Viewraction Journal entry worksheet Balance tabs. (no entry is required Viewraction at Journal entry worksheet View Journal entry worksheet + 5 7 15 2 3 4 Paderployees $470 on 12/23, of which $260 related to work done in November and $210 was for wages up to December 22. Record the transaction General Journal Debit Credit GO Clearany View our Journal entry worksheet 1 2 1 15 Loaded Coasters on a cargo ship on 12/31 to be delivered the following wel to a customer in Kona. Hawal. The sale was made FOB destination with um of 60. Record the transaction General Journal Debit Credit December 11 Panint Charly Viewer Prepare the jumal tries to record the transactions through the courth Balance to no es red for station/event, wiec jurnal try the first View Journal entry worksheet 10 11 12 10 The 5466 of raped Rent relates to a month period ending on May 21 of eye.Hacord the transaction General Dahil Credit Gerary View Regen General Ledger Balance Journal entry worksheet Balance tabs no entre Journal entry worksheet