Consider the December transactions for Crystal Clear Cleaning. Crystal Clear uses the perpetual inventory system.

Problem 1 : PS6-39 Background: Assignment: This question has 4 requirements. Scroll down to review the requirements and ensure you Consider the December transactions for Crystal Clear Cleaning. Crystal Clear uses the perpetual complete all requirements before submitting your work for grading. inventory system. Requirements 1. The accounts used by Crystal Clear Cleaning are provided in the Chart of Accounts (click on "Chart of Accounts" to view). The accounts have already been opened in the General Ledger (click on "General Ledger" to view). 2. Calculate the cost of goods sold on the 11th, 28th, and 31st. 3. Prepare the journal entries for December 11th and 28th and the December 31st inventory adjusting entry. Post the entries to the General Ledger. Transactions: 12/02/2017 Purchased 475 units of inventory for $2,850 on account from Sparkle, Co. on terms, 3/10, n/20. 12/05/2017 Purchased 600 units of inventory from Borax on account with terms 2/10, n/30. The total invoice was for $4,500, which included a $150 freight charge. 12/07/2017 Returned 75 units of inventory to Sparkle from the December 2 purchase. 12/09/2017 Paid Borax. SAVE WORK RESET RESULTS SUBMIT WORK BUSINESS REPORTS COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Date Accounts Debit Credit No transactions in Journal ADD TRANSACTION EDIT CHECKED TRANSACTION DELETE CHECKED TRANSACTIONS Problem 1 : PS6-39 Background: Consider the December transactions for Crystal Clear Cleaning. Crystal Clear uses the perpetual inventory system. Assignment: This question has 4 requirements. Scroll down to review the requirements and ensure you complete all requirements before submitting your work for grading. Requirements 1. The accounts used by Crystal Clear Cleaning are provided in the Chart of Accounts (click on "Chart of Accounts to view). The accounts have already been opened in the General Ledger (click on "General Ledger" to view). 2. Calculate the cost of goods sold on the 11th, 28th, and 31st. 3. Prepare the journal entries for December 11th and 28th and the December 31st inventory adjusting entry. Post the entries to the General Ledger Transactions: 12/11/2017 Sold 285 units of goods to Happy Maids for $3,990 on account with terms 3/10, n/30. 12/12/2017 Paid Sparkle. 12/15/2017 Received 22 units with a retail price of $308 of goods back from customer Happy Maids. The goods cost Crystal Clear $132. 12/21/2017 Received payment from Happy Maids, settling the amount due in full. 12/28/2017 Sold 265 units of goods to Bridget, Inc. for cash of $3,975. SAVE WORK RESET RESULTS SUBMIT WORK BUSINESS REPORTS COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Date Accounts Debit Credit No transactions in Journal ADD TRANSACTION EDIT CHECKED TRANSACTION DELETE CHECKED TRANSACTIONS TRANSACTIONS BY DATE GENERAL LEDGER TRIAL BALANCE Cash Account no. 10100 TIITIN Balance Debit Credit Date Debit Credit 12/01/2017 137,991 Accounts Receivable Account no. 10400 Balance Debit Credit Date Debit Credit 12/01/2017 2,600 Merchandise Inventory Account no. 10600 Balance Debit Credit Date Debit Credit 12/01/2017 3,148 BUSINESS REPORTS TRANSACTIONS BY DATE GENERAL LEDGER TRIAL BALANCE Supplies Account no. 10650 Balance Debit Credit Date Debit Credit 12/01/2017 30 Prepaid Insurance Account no. 10700 Balance Debit Credit Date Debit Credit 12/01/2017 1,500 Prepaid Rent Account no. 10750 Balance Debit Credit Date Debit Credit 12/01/2017 1,000 BUSINESS REPORTS TRANSACTIONS BY DATE GENERAL LEDGER TRIAL BALANCE Equipment Account no. 11250 Balance Debit Credit Date Debit Credit 12/01/2017 3,200 Accumulated Depreciation - Equipment and Truck Account no. 11300 Balance Debit Credit Date Debit Credit 12/01/2017 540 Truck Account no. 11450 li Balance Debit Credit Date Debit Credit 12/01/2017 7,000 BUSINESS REPORTS December 1, 2017 December 31, 2017 > TRIAL BALANCE TRANSACTIONS BY DATE GENERAL LEDGER Accounts Payable Account no. 20100 Grill Balance Debit Credit Date Debit Credit 12/01/2017 1,470 Interest Payable Account no. 20200 Balance Debit Credit Date Debit Credit 12/01/2017 960 Salaries Payable Account no. 20250 Balance Debit Credit Date Debit Credit 12/01/2017 BUSINESS REPORTS December 1, 2017 December 31, 2017 > TRANSACTIONS BY DATE GENERAL LEDGER TRIAL BALANCE Unearned Revenue Account no. 20550 Balance Debit Credit Date Debit Credit 12/01/2017 10,500 Notes Payable, Long-term Account no. 21000 Balance Debit Credit Date Debit Credit /2017 96,000 Crystal Clear Cleaning, Capital Account no. 30100 Balance Debit Credit Date Debit Credit 12/01/2017 46,274 BUSINESS REPORTS December 1, 2017 December 31, 2017 > TRANSACTIONS BY DATE GENERAL LEDGER TRIAL BALANCE Sales Returns and Allowances Account no.. 40150 Balance Debit Credit Date Debit Credit 12/01/2017 Sales Discounts Account no. 40200 Balance Debit Credit Date Debit Credit 12/01/2017 Service Revenue Account no. 40250 Balance Debit Credit Date Debit Credit 12/01/2017 Cast of Goods Sold Account na 50100 BUSINESS REPORTS December 1, 2017 December 31, 2017 > TRANSACTIONS BY DATE GENERAL LEDGER TRIAL BALANCE Cost of Goods Sold Account no. 50100 Balance Debit Credit Date Debit Credit 12/01/2017 Salaries Expense Account no. 50350 Balance Debit Credit Date Debit Credit 12/01/2017 Sales Commissions Expense Account no. 50450 Balance Debit Credit Date Debit Credit 12/01/2017 Insurance Cynanca Account na B0750 BUSINESS REPORTS December 1, 2017 December 31, 2017 > TRANSACTIONS BY DATE GENERAL LEDGER TRIAL BALANCE Insurance Expense Account no. 50750 Balance Debit Credit Date Debit Credit 12/01/2017 Rent Expense Account no. 50800 TITET Balance Debit Credit Date Debit Credit 12/01/2017 Utilities Expense Account no. 50850 Balance Debit Credit Date Debit Credit 12/01/2017 BUSINESS REPORTS GENERAL LEDGER TRIAL BALANCE TRANSACTIONS BY DATE Utilities Expense Account no. 50850 Balance Debit Credit Date Debit Credit 12/01/2017 Depreciation Expense - Equipment and Truck Account no. 51300 Balance Debit Credit Date Debit Credit 12/01/2017 Interest Expense Account no. 70100 Balance Debit Credit Date Debit Credit 12/01/2017