Dec. 9: Paid Dust Free. Debit Credit Date 2,100 Dec. 9 Accounts and Explanation Accounts Payable-Dust Free Merchandise Inventory Cash Paid within discount period. Dec. 2 Purchased 800 units of inventory for $3,200 on account from Mr. Glow, Co. on terms, 5/10, n/20. 5 Purchased 300 units of inventory from Dust Free on account with terms 2/10, n/30. The total invoice was for $2,100, which included a $300 freight charge. 7 Returned 100 units of inventory to Mr. Glow from the December 2 purchase (cost $400). 9 Paid Dust Free. 11 Sold 200 units of goods to Maid Busters for $3,600 on account with terms 5/10,n/30. Streak Free's cost of the goods was $800. 12 Paid Mr. Glow. 15 Received 40 units with a retail price of $720 of goods back from customer Maid Busters. The goods cost Streak Free $160. 21 Received payment from Maid Busters, settling the amount due in full. 28 Sold 590 units of goods to Brooke, Inc. for cash of $11,210 (cost $2,364). 29 Paid cash for utilities of $400. Dec. 2 Purchased 800 units of inventory for $3,200 on account from Mr. Glow, Co. on terms, 5/10, n/20. 5 Purchased 300 units of inventory from Dust Free on account with terms 2/10, n/30. The total invoice was for $2,100, which included a $300 freight charge. 7 Returned 100 units of inventory to Mr. Glow from the December 2 purchase (cost $400) 9 Paid Dust Free. 11 Sold 200 units of goods to Maid Busters for $3,600 on account with terms 5/10. n/30. Streak Free's cost of the goods was $800. 12 Paid Mr. Glow 15 Received 40 units with a retail price of $720 of goods back from customer Maid Busters. The goods cost Streak Free $160. 21 Received payment from Maid Busters, settling the amount due in full. 28 Sold 590 units of goods to Brooke, Inc. for cash of $11,210 (cost $2,364), 29 Paid cash for utilities of $400. 30 Paid cash for Sales Commission Expense of $418. 31 Recorded the following adjusting entries: a. Physical count of inventory on December 31 showed 200 units of goods on hand, $1,376 b. Depreciation, $275 C. Accrued salaries expense of $2,400 d. Prepared all other adjustments necessary for December (Hint: You will need to review the adjustment information from November to determine the remaining adjustments). Assume the cleaning supplies left at December 31 are $120. Streak Free Cleaning Post-Closing Trial Balance November 30, 2017 Balance Debit Credit Account Title $ 52,600 Cash 3.300 120 3,600 550 2,500 Accounts Receivable Cleaning Supplies Prepaid Rent Prepaid Insurance Equipment Truck Accumulated Depreciation Equipment and Truck Accounts Payable Unearned Revenue 14,000 275 1,020 17.250 50 Interest Payable Notes Payable (Long-term) 15,000 43,075 Hackam, Capital $ 76,670 $ 76,670 Total Dec. 9: Paid Dust Free. Debit Credit Date 2,100 Dec. 9 Accounts and Explanation Accounts Payable-Dust Free Merchandise Inventory Cash Paid within discount period
