1 On 1, Terry Company began a washburness. It received 50,000 for the Comuna Stock 3. On january 3, Terry purchased supplies for $ 100 on et 3. On January, Torty provided service to customers for 5.000 account 4. On January, customer from January .complained that Terry failed to vacuum their Terry red to reduce the bill by 5. On January 5 received from a customer on account. This customer wed 5100 but paid within the 2/10, 1/30 discount period. 6. On February 6, Terry pad Ameen $130 for power used durine tanuary 7 on February, Terry paiderployees $360 for work performed & On February Terry provided service to customers for $1.200 cash 9. On March 9, Terry paid $400 for rent for the month 10. On March 10. Terry received $1.000 from customers on cont. None of these payments were within the discount period 11. On April 11, Terry borrowed 5,000 from the bank to interest; interest and principal next in one year 12. On May 12, Terry purchased equipment for $5,000 ch 1. On June 13, Terry established a petty cash fund for $300 14. On July 14. Terry replenished the petty cash fund for $15, $100 was formantenance coils. $20 was for postage, and $30 was for the window washer 15. On December 31 Terry recorded depreciation of $200 16. On December 31, Terry recorded the interest incurred, but not paid for the loan from April 17. On December 31, Terry recorded an adjustment to reflect that the supplies on hand totaled $23. 18. On December 31, Terry recorded an adjustment to estimate $640 owed from customers will never be collected No M 1. On January 1, Terry Company began a car wash business. It received $50,000 for the issuance of Common Stock. 2. On January 2, Terry purchased supplies for S 100 on account. 3. On January 3, Terry provided service to customers for $6,000 on account 4. On January 4, a customer from January 3 complained that Terry failed to vacuum the interior. Terry agreed to reduce the bill by $5. 5. On January 5, received $98 from a customer on account. This customer owed $100 but paid within the 2/10, n/30 discount period. 6. On February 6, Terry paid Ameren $130 for power used during January 7. On February 7, Terry paid employees S360 for work performed. 8. On February 8, Terry provided service to customers for $1,700 cash. 9. On March 9, Terry paid $400 for rent for the month. 10. On March 10, Terry received $3,000 from customers on account. None of these payments were within the discount period. 11. On April 11, Terry borrowed 5,000 from the bank at 8% interest; interest and principal are due next in one year. 12. On May 12, Terry purchased equipment for $5,000 cash. 13. On June 13, Terry established a petty cash fund for $300. 14. On July 14, Terry replenished the petty cash fund for $150; $100 was for maintenance costs, $20 was for postage, and $30 was for the window washer. 15. On December 31, Terry recorded depreciation of S200. 16. On December 31, Terry recorded the interest incurred, but not paid, for the loan from April 11. 17. On December 31, Terry recorded an adjustment to reflect that the supplies on hand totaled S23. 18. On December 31, Terry recorded an adjustment to estimate S640 owed from customers will never be collected
