Cookie Creations 5 b-f (Part Level Submission) Because Natalie has had such a successful first few months, she is considering other opportunities to develop her business. One opportunity is the sale of fine Eur owner of Kzinski Supply Co. has approached Natalie to become the exclusive distributor of these fine mixers in her state. The current cost of a mixer is approxim would sell each one for $1,150. Natalie comes to you for advice on how to account for these mixers. Each appliance has a serial number and can be easily identif Continuing Cookie Chronicle as on December 31, 2011 is as follows: 875 Continuing Cookie Chronicle Trial Balance December 31, 2011 Account Debit Credit Cash $1,180 Accounts Receivable Supplies 350 Prepaid Insurance 1,210 Equipment 1,200 Accumulated Depreciation - Equipment $40 Accounts Payable 75 Salaries and Wages Payable Unearned Service Revenue 300 Interest Payable Notes Payable 2,000 Owner's Capital 2,329 $4,815 $4,815 In the end. Natalie decides to use the perpetual inventory system. The following transactions happen during the month of January CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT b-f (Part Level Submission) had such a successful first few months, she is considering other opportunities to develop her business. One opportunity is the sale of fine European mixers. The ply Co. has approached Natalie to become the exclusive distributor of these fine mixers in her state. The current cost of a mixer is approximately $575, and Natalie for $1,150. Natalie comes to you for advice on how to account for these mixers. Each appliance has a serial number and can be easily identified. The trial balance for hronicle as on December 31, 2011 is as follows: Cookie Chronicle Trial Balance December 31, 2011 Debit Credit $1,180 875 350 1,210 1,200 lation - Equipment Payable venue 15 2,000 2,329 $4,815 $4,815 ecides to use the perpetual inventory system. The following transactions happen during the month of January. In the end, Natalie decides to use the perpetual inventory system. The following transactions happen during the month of January Jan. 4 Bought five deluxe mixers on account from Kzinski Supply Co. for $2,875, FOB shipping point, terms n/30. 6 Paid $100 freight on the January 4 purchase. 7 Returned one of the mixers to Kzinski because it was damaged during shipping, Kzinski issues Continuing Cookie Chronicle credit for the cost of mixer freight that was paid on January 6 for one mixer 8 Collected $375 of the accounts receivable from December 2015. 12 Three deluxe mixers are sold on account for $3,450, FOB destination, terms n/30. (Cost of goods sold is $595 per mixer.) 14 Paid the $75 of delivery charges for the three mixers that were sold on January 12. 14 Bought four deluxe mixers on account from Kzinski Supply Co. for $2,300, FOB shipping point, terms n/30. 17 Natalie is concerned that there is not enough cash available to pay for all of the mixers purchased. She invests an additional $1,000 cash in Continuing 18 Paid $80 freight on the January 14 purchase. 20 Sold two deluxe mixers for $2,300 cash. (Cost of goods sold is $595 per mixer.) 28 Natalie issued a check to her assistant for all the help the assistant has given her during the month. Her assistant worked 20 hours in January and is als December 31, 2016. (Natalie's assistant earns $8 an hour.) 28 Collected the amounts due from customers for the January 12 transaction. 30 Paid a $145 utility bill (575 for the December 2016 accounts payable and $70 for the month of January) 31 Pald Kzinski all amounts due. 31 Natalie withdrew $750 for personal use. (61) Prepare the January 2017 transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entr omd Division of lohn Wiley Sons, Inc CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT ecides to use the perpetual inventory system. The following transactions happen during the month of January deluxe mixers on account from Kzinski Supply Co. for $2,875, FOB shipping point, terms n/30 reight on the January 4 purchase. ne of the mixers to Kzinski because it was damaged during shipping, Kzinski issues Continuing Cookie Chronicle credit for the cost of mixer plus $20 for the cost of was paid on January 6 for one mixer. 375 of the accounts receivable from December 2015. e mixers are sold on account for $3,450, FOB destination, terms /30. (Cost of goods sold is $595 per mixer) 5 of delivery charges for the three mixers that were sold on January 12. deluxe mixers on account from Kzinski Supply Co. for $2,300, FOB shipping point, terms 1/30. oncerned that there is not enough cash available to pay for all of the mixers purchased. She invests an additional $1,000 cash in Continuing Cookie Chronicle. pight on the January 14 purchase luxe mixers for $2,300 cash. (Cost of goods sold is $595 per mixer.) ed a check to her assistant for all the help the assistant has given her during the month. Her assistant worked 20 hours in January and is also paid the $56 owed at B1, 2016. (Natalie's assistant earns $8 an hour.) e amounts due from customers for the January 12 transaction. utility bill ($75 for the December 2016 accounts payable and $70 for the month of January). all amounts due. drew $750 for personal use. 2017 transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select fone In All Rights Reserved. A Division of John Wiley & Sons, Inc. Version 4.24.18 Prepare the January 2017 transactions. (Credit account titles are automatically indented when amount is e "No Entry" for the account titles and enter o for the amounts. Record entries in the order displayed in Date Account Titles and Explanation Debit Credit Jan. 4 Inventory 2875 Accounts Payable (To record sales revenue) License Agreement Privacy Policy . 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons CALCUL (To record sales revenue) (To record cost of goods sold) (To record delivery charges paid) (To record purchases made) (To record delivery charges paid) CALCULATO (To record purchases made) (To record sales revenue) To record cost of goods sold) Jan. 20 2009-2020W (To record cost of goods sold) Jan. 28 (To record salaries and wages paid) (To record amount collected from customers) Jan. 30 (To record payment made to creditor) Dracy Policy 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division o Jan. 30 (To record payment made to creditor) (To record amount withdrawn for personal use) Click if you would like to Show Work for this question: Open Show Works Attempts: 0 of 1 used By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Cookie Creations 5 b-f (Part Level Submission) Because Natalie has had such a successful first few months, she is considering other opportunities to develop her business. One opportunity is the sale of fine Eur owner of Kzinski Supply Co. has approached Natalie to become the exclusive distributor of these fine mixers in her state. The current cost of a mixer is approxim would sell each one for $1,150. Natalie comes to you for advice on how to account for these mixers. Each appliance has a serial number and can be easily identif Continuing Cookie Chronicle as on December 31, 2011 is as follows: 875 Continuing Cookie Chronicle Trial Balance December 31, 2011 Account Debit Credit Cash $1,180 Accounts Receivable Supplies 350 Prepaid Insurance 1,210 Equipment 1,200 Accumulated Depreciation - Equipment $40 Accounts Payable 75 Salaries and Wages Payable Unearned Service Revenue 300 Interest Payable Notes Payable 2,000 Owner's Capital 2,329 $4,815 $4,815 In the end. Natalie decides to use the perpetual inventory system. The following transactions happen during the month of January CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT b-f (Part Level Submission) had such a successful first few months, she is considering other opportunities to develop her business. One opportunity is the sale of fine European mixers. The ply Co. has approached Natalie to become the exclusive distributor of these fine mixers in her state. The current cost of a mixer is approximately $575, and Natalie for $1,150. Natalie comes to you for advice on how to account for these mixers. Each appliance has a serial number and can be easily identified. The trial balance for hronicle as on December 31, 2011 is as follows: Cookie Chronicle Trial Balance December 31, 2011 Debit Credit $1,180 875 350 1,210 1,200 lation - Equipment Payable venue 15 2,000 2,329 $4,815 $4,815 ecides to use the perpetual inventory system. The following transactions happen during the month of January. In the end, Natalie decides to use the perpetual inventory system. The following transactions happen during the month of January Jan. 4 Bought five deluxe mixers on account from Kzinski Supply Co. for $2,875, FOB shipping point, terms n/30. 6 Paid $100 freight on the January 4 purchase. 7 Returned one of the mixers to Kzinski because it was damaged during shipping, Kzinski issues Continuing Cookie Chronicle credit for the cost of mixer freight that was paid on January 6 for one mixer 8 Collected $375 of the accounts receivable from December 2015. 12 Three deluxe mixers are sold on account for $3,450, FOB destination, terms n/30. (Cost of goods sold is $595 per mixer.) 14 Paid the $75 of delivery charges for the three mixers that were sold on January 12. 14 Bought four deluxe mixers on account from Kzinski Supply Co. for $2,300, FOB shipping point, terms n/30. 17 Natalie is concerned that there is not enough cash available to pay for all of the mixers purchased. She invests an additional $1,000 cash in Continuing 18 Paid $80 freight on the January 14 purchase. 20 Sold two deluxe mixers for $2,300 cash. (Cost of goods sold is $595 per mixer.) 28 Natalie issued a check to her assistant for all the help the assistant has given her during the month. Her assistant worked 20 hours in January and is als December 31, 2016. (Natalie's assistant earns $8 an hour.) 28 Collected the amounts due from customers for the January 12 transaction. 30 Paid a $145 utility bill (575 for the December 2016 accounts payable and $70 for the month of January) 31 Pald Kzinski all amounts due. 31 Natalie withdrew $750 for personal use. (61) Prepare the January 2017 transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entr omd Division of lohn Wiley Sons, Inc CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT ecides to use the perpetual inventory system. The following transactions happen during the month of January deluxe mixers on account from Kzinski Supply Co. for $2,875, FOB shipping point, terms n/30 reight on the January 4 purchase. ne of the mixers to Kzinski because it was damaged during shipping, Kzinski issues Continuing Cookie Chronicle credit for the cost of mixer plus $20 for the cost of was paid on January 6 for one mixer. 375 of the accounts receivable from December 2015. e mixers are sold on account for $3,450, FOB destination, terms /30. (Cost of goods sold is $595 per mixer) 5 of delivery charges for the three mixers that were sold on January 12. deluxe mixers on account from Kzinski Supply Co. for $2,300, FOB shipping point, terms 1/30. oncerned that there is not enough cash available to pay for all of the mixers purchased. She invests an additional $1,000 cash in Continuing Cookie Chronicle. pight on the January 14 purchase luxe mixers for $2,300 cash. (Cost of goods sold is $595 per mixer.) ed a check to her assistant for all the help the assistant has given her during the month. Her assistant worked 20 hours in January and is also paid the $56 owed at B1, 2016. (Natalie's assistant earns $8 an hour.) e amounts due from customers for the January 12 transaction. utility bill ($75 for the December 2016 accounts payable and $70 for the month of January). all amounts due. drew $750 for personal use. 2017 transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select fone In All Rights Reserved. A Division of John Wiley & Sons, Inc. Version 4.24.18 Prepare the January 2017 transactions. (Credit account titles are automatically indented when amount is e "No Entry" for the account titles and enter o for the amounts. Record entries in the order displayed in Date Account Titles and Explanation Debit Credit Jan. 4 Inventory 2875 Accounts Payable (To record sales revenue) License Agreement Privacy Policy . 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons CALCUL (To record sales revenue) (To record cost of goods sold) (To record delivery charges paid) (To record purchases made) (To record delivery charges paid) CALCULATO (To record purchases made) (To record sales revenue) To record cost of goods sold) Jan. 20 2009-2020W (To record cost of goods sold) Jan. 28 (To record salaries and wages paid) (To record amount collected from customers) Jan. 30 (To record payment made to creditor) Dracy Policy 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division o Jan. 30 (To record payment made to creditor) (To record amount withdrawn for personal use) Click if you would like to Show Work for this question: Open Show Works Attempts: 0 of 1 used By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor