Directions are the 5 required on the last page.

post the entries to the accounts receivable, accounts payable and general ledgers. prepare a trial balance prepare a schedule of accounts receivable and prepare a schedule of accounts payable

CONTINUING FROM CHAPTER 9 All About You August Journal Entries Asea d the M. Valli has provided the transactions for the month of August to be entered in the system. All About You Spa does not track cash sales by customer nt, the CLGL ges. Checkbook Register CONTINUING PROBLEM Check are No. 2044 Date B/1 8/1 Deposits Check Amount 1.500.00 he balances the month 51354 8/1 244.00 1.195 86 555.00 urnal ts journal ents journal urnal 8/2 Explanation Paid August rent Deposited Chaco's payment received on account, invoice no 25. Deposited Mini Spa's payment received on account. Invoice no 29 Paid in ful Pald accumulated sales tax payable to State Revenue Dept Paid advertising bill for August photo ad Paid week's wages. Paid Spa Magic for invoice no. 3503 dated June 2. Paid in full Bought balloons for salon promotional event. Deposited balance of Tory Ligman's payment on account, invoice no 22 Paid in full Bought spa supplies 5 cases of bottled water for clients Deposited Jill Anson's payment 2,075.00 2,718.00 96.80 8/3 160.00 65.00 2050 B/4 8/4 75.00 386.00 unt. bit side. ses. 8/5 179.00 8/5 1,318.00 85 received on account Bought a digital camera for confidential before-and-after spa pictures Paid Office Staples for involce 2417. dated July 5. Paid in full Paid Giftco for invoice no. 613, dated Paid Giftco Tor July 5. Paid in full Deposited Pleasant Spa's payment received on account, invoice no. 26. Paid Golden Spa Supplies for invoice no. 1368, dated July 1. Paid in full Deposited first week's cash sales: merchandise, S1,860.00: services, $3,350.00; sales tax collected, $148.80 995.00 8/6 410.00 2054 8/6 5,358.80 8/7 CONTINUING FROM CHAPTER 9 All Abo CON Check Check Amount Deposits 200.00 150.00 CONTINUING PROBLEM 2,075.00 4.198.00 All AE to th: remai 2056 Date Purch: 3,888.80 Aug 300.00 2057 2058 2,075.00 395.00 268.00 5,155.20 Date Explanation 8/8 Deposited Los Obrigados Lodge's payment received on account, invoice no. 24 8/9 Deposited Holmes Condo's payment received on account, invoice no. 27 Pad week's wages 8/10 Paid Giftco for invoice no. 616, dated August 1. Paid in full less applicable discount. Deposited second week's cash sales: merchandise, $2,360.00; services, $1,340, sales tax collected, 5188 80. 8/15 Deposited About Face Spa's payment received on account, involce no. 29 8/16 Paid week's wages. Paid Superior Equipment for invoice no. 4608, dated July 5. Pald in full. 8/19 Deposited balance of Jack Morgan's payment on account, invoice no 21 Paid in full. B/21 Deposited third week's cash sales: merchandise, $2,440.00; services, $2,520.00, sales tax collected. $195 20. /22 Paid on account to Logo Products, invoice no. 2579, dated July 1. 8/23 Deposited Mini Spa's payment on account, invoice no. 35. Paid in full less applicable discount 8/23 Paid on account to Spa Goods, invoice no. 512, dated July 1. 8/23 Paid week's wages 8/28 Paid month's laundry bill. 8/28 Owner withdrew cash for personal use. /30 Paid week's wages. 8/31 Deposited end of month's cash sales: merchandise. $2,160.00, services, $3.716.00, sales tax. $172.80. 8/31 Paid August telephone bill. 8/31 Paid on account to Spa Equipment, Inc., invoice no 2731, dated July 3. /31 Paid August power and water bill. 2059 8 2,000.00 All merd is 8 rece amo 925.38 AUR 2060 2,000.00 Date Sal Aug 2062 2063 2,075.00 55.00 2,000.00 20648 2,075.00 6,048.80 2065 2066 185.00 4,000.00 20678 236.00 All About CONTINUING FROM CHAPTER 9 All About You asea Purchases Invoices for Merchandise Bought on Account During August All About You Spa will pay all freight costs associated with purchases of merchandise to the supplier. Invoice 616 was paid within the discount period on 8/10. The remaining August purchases were not paid until September. CONTINUING PROBLEM Date of Purchase Aug 1 Transaction Information Bought logo merchandise from Giftcoinvoice no. 616 dated 8/1: terms 2/10, n/30. Bought bath and beauty products from Spa Magic, invoice no. 3525, dated 8/1, terms 2/10, 1/30 Bought logo merchandise fram Logo Products, invoice no 2680, dated 8/2, terms 2/10, 1/30 Bought spa accessories from Spa Goods, invoice no. 587 dated B/5, terms 2/10, n/30 Amount $4,100.00 plus $180.00 freight $2,625 00 plus $155.00 freight 52,541.00 plus $144 00 freight $1,210.00 plus $110.00 freight 5 Sales Invoices for Gift Certificates Sold on Account During August All About You Spa is responsible for collecting and paying the sales tax on merchandise that it sells. The sales tax rate where All About You Spa does business is 8 percent of each sale (for example, $560,00 X 0.08 = $44.80). Invoice 25 was received within the discount period on 8/23. (Apply the discount to the invoice amount. Disregard the sales tax when calculating the discount.) The remaining August sales were not received until September Sale Date of Transaction Information Aug 1 About Face Spa, Invoice no.30, terms 2/10, 1/45 5 Chaco's, invoice no. 31; terms 2/10,n/45. B Holmes Condos, invoice no 32 terms 2/10,n/45. 9 Pleasant Spa, Invoice no. 33 terms 2/10,n/45 11 Los Obrigados Lodge, Invoice no. 34 terms 2/10. n/45. 14 Mini Spa, invoice no. 35; terms 2/10,n/45. Note: All gift certificates were redeemed for merchandise by the end of the month Sales Amount (Before Tax) $ 560.00 194.00 993.00 1,650.00 365.00 873.00 CONTINUING FROM CHAPTER 9 Amount CONTINUING PROBLEM Other August Transactions There were two other transactions in August. Neither involved cash. Date Transaction Information MUS9 Issued credit memorandum no. 1 to About Face Spa for an allowance for damaged goods. 29 Received a credit memorandum for damaged spa accessories from Spa Magic $ 70.00 168.00 Required 1. Journalize the transactions for August. Ask your instructor whether you should use the special journals or the general journal. Chec 3. TI If you are preparing the journal entries manually enter your transactions beginning on page 11 2. Post the entries to the accounts receivable accounts payable, and general ledger Ignore this step if you are using CIGL 3. Prepare a trial balance as of August 31, 20--- 4. Prepare a schedule of accounts receivable as of August 31, 20--- 5. Prepare a schedule of accounts payable as of August 31, 20. 8888 472 CONTINUING FROM CHAPTER 9 All About You August Journal Entries Asea d the M. Valli has provided the transactions for the month of August to be entered in the system. All About You Spa does not track cash sales by customer nt, the CLGL ges. Checkbook Register CONTINUING PROBLEM Check are No. 2044 Date B/1 8/1 Deposits Check Amount 1.500.00 he balances the month 51354 8/1 244.00 1.195 86 555.00 urnal ts journal ents journal urnal 8/2 Explanation Paid August rent Deposited Chaco's payment received on account, invoice no 25. Deposited Mini Spa's payment received on account. Invoice no 29 Paid in ful Pald accumulated sales tax payable to State Revenue Dept Paid advertising bill for August photo ad Paid week's wages. Paid Spa Magic for invoice no. 3503 dated June 2. Paid in full Bought balloons for salon promotional event. Deposited balance of Tory Ligman's payment on account, invoice no 22 Paid in full Bought spa supplies 5 cases of bottled water for clients Deposited Jill Anson's payment 2,075.00 2,718.00 96.80 8/3 160.00 65.00 2050 B/4 8/4 75.00 386.00 unt. bit side. ses. 8/5 179.00 8/5 1,318.00 85 received on account Bought a digital camera for confidential before-and-after spa pictures Paid Office Staples for involce 2417. dated July 5. Paid in full Paid Giftco for invoice no. 613, dated Paid Giftco Tor July 5. Paid in full Deposited Pleasant Spa's payment received on account, invoice no. 26. Paid Golden Spa Supplies for invoice no. 1368, dated July 1. Paid in full Deposited first week's cash sales: merchandise, S1,860.00: services, $3,350.00; sales tax collected, $148.80 995.00 8/6 410.00 2054 8/6 5,358.80 8/7 CONTINUING FROM CHAPTER 9 All Abo CON Check Check Amount Deposits 200.00 150.00 CONTINUING PROBLEM 2,075.00 4.198.00 All AE to th: remai 2056 Date Purch: 3,888.80 Aug 300.00 2057 2058 2,075.00 395.00 268.00 5,155.20 Date Explanation 8/8 Deposited Los Obrigados Lodge's payment received on account, invoice no. 24 8/9 Deposited Holmes Condo's payment received on account, invoice no. 27 Pad week's wages 8/10 Paid Giftco for invoice no. 616, dated August 1. Paid in full less applicable discount. Deposited second week's cash sales: merchandise, $2,360.00; services, $1,340, sales tax collected, 5188 80. 8/15 Deposited About Face Spa's payment received on account, involce no. 29 8/16 Paid week's wages. Paid Superior Equipment for invoice no. 4608, dated July 5. Pald in full. 8/19 Deposited balance of Jack Morgan's payment on account, invoice no 21 Paid in full. B/21 Deposited third week's cash sales: merchandise, $2,440.00; services, $2,520.00, sales tax collected. $195 20. /22 Paid on account to Logo Products, invoice no. 2579, dated July 1. 8/23 Deposited Mini Spa's payment on account, invoice no. 35. Paid in full less applicable discount 8/23 Paid on account to Spa Goods, invoice no. 512, dated July 1. 8/23 Paid week's wages 8/28 Paid month's laundry bill. 8/28 Owner withdrew cash for personal use. /30 Paid week's wages. 8/31 Deposited end of month's cash sales: merchandise. $2,160.00, services, $3.716.00, sales tax. $172.80. 8/31 Paid August telephone bill. 8/31 Paid on account to Spa Equipment, Inc., invoice no 2731, dated July 3. /31 Paid August power and water bill. 2059 8 2,000.00 All merd is 8 rece amo 925.38 AUR 2060 2,000.00 Date Sal Aug 2062 2063 2,075.00 55.00 2,000.00 20648 2,075.00 6,048.80 2065 2066 185.00 4,000.00 20678 236.00 All About CONTINUING FROM CHAPTER 9 All About You asea Purchases Invoices for Merchandise Bought on Account During August All About You Spa will pay all freight costs associated with purchases of merchandise to the supplier. Invoice 616 was paid within the discount period on 8/10. The remaining August purchases were not paid until September. CONTINUING PROBLEM Date of Purchase Aug 1 Transaction Information Bought logo merchandise from Giftcoinvoice no. 616 dated 8/1: terms 2/10, n/30. Bought bath and beauty products from Spa Magic, invoice no. 3525, dated 8/1, terms 2/10, 1/30 Bought logo merchandise fram Logo Products, invoice no 2680, dated 8/2, terms 2/10, 1/30 Bought spa accessories from Spa Goods, invoice no. 587 dated B/5, terms 2/10, n/30 Amount $4,100.00 plus $180.00 freight $2,625 00 plus $155.00 freight 52,541.00 plus $144 00 freight $1,210.00 plus $110.00 freight 5 Sales Invoices for Gift Certificates Sold on Account During August All About You Spa is responsible for collecting and paying the sales tax on merchandise that it sells. The sales tax rate where All About You Spa does business is 8 percent of each sale (for example, $560,00 X 0.08 = $44.80). Invoice 25 was received within the discount period on 8/23. (Apply the discount to the invoice amount. Disregard the sales tax when calculating the discount.) The remaining August sales were not received until September Sale Date of Transaction Information Aug 1 About Face Spa, Invoice no.30, terms 2/10, 1/45 5 Chaco's, invoice no. 31; terms 2/10,n/45. B Holmes Condos, invoice no 32 terms 2/10,n/45. 9 Pleasant Spa, Invoice no. 33 terms 2/10,n/45 11 Los Obrigados Lodge, Invoice no. 34 terms 2/10. n/45. 14 Mini Spa, invoice no. 35; terms 2/10,n/45. Note: All gift certificates were redeemed for merchandise by the end of the month Sales Amount (Before Tax) $ 560.00 194.00 993.00 1,650.00 365.00 873.00 CONTINUING FROM CHAPTER 9 Amount CONTINUING PROBLEM Other August Transactions There were two other transactions in August. Neither involved cash. Date Transaction Information MUS9 Issued credit memorandum no. 1 to About Face Spa for an allowance for damaged goods. 29 Received a credit memorandum for damaged spa accessories from Spa Magic $ 70.00 168.00 Required 1. Journalize the transactions for August. Ask your instructor whether you should use the special journals or the general journal. Chec 3. TI If you are preparing the journal entries manually enter your transactions beginning on page 11 2. Post the entries to the accounts receivable accounts payable, and general ledger Ignore this step if you are using CIGL 3. Prepare a trial balance as of August 31, 20--- 4. Prepare a schedule of accounts receivable as of August 31, 20--- 5. Prepare a schedule of accounts payable as of August 31, 20. 8888 472