does anyone have the solution to the systems understanding aid 9th edition unadjusted trial balance?

Document No. 1 Transactions List December 16-31, 2017 Complete each of the following transactions in accordance with the seven-step process on page of the Instructions, Flowcharts and redeer bootste ce with the seven-step process on pages 11-12 5) Remember the importance of the systems Tlowcharts on pages 18-24 for details as to (a) documents to prepare, (b) approvals and other remare ( harovals and other internal control procedures, (c) accounting entries and filine Also remember from the requirements that some of the foll c of the following events require the preparation or modification of systems documents and some do not. You are to perform the roles of Ray Kramer, Nancy Ford, and Jim Adams. Hints are provided in boxed areas like this. December Yes 18 Received validated deposit receipr (Doc. No. 11) from deposit made December 14. the bank for $7,931.96 for Follow flowchart on page 21. No recording occurs at this time. Cash receipts prelist is Doc. No. 9. File Doc. No. 9 and Doc. No. 11 in the Temporary file tab. 18 Ordered the following inventory on account from Velocity Sporting Goods, using purchase order No. 328 (Doc. No. 16). Units 120 80 Description Basketball pole pad Basketball bag Portable inflation pump Trainer's first aid kit 30 75 Vendor address: Freight carrier: Freight charges: Allowances: 1285 Colgrove Ave., Pierre, SD 57501 Interstate Motor Freight Collect (i.e., paid by Waren Sports Supply) None . Follow flowchart on page 22. Use purchase order No. 325 (Doc. No. 16) as a guide. Use the price list (Doc. No. 3). No receiving or recording occurs at this point for this transaction. Tear document apart and file, following the flowchart guidance. December Yes 18 Borrowed $60.000 from First American Bank and Trust by issuing a two-year payable (Doc. No. 14) with a stated annual interest rate of 5%. Check No. 545 (Dee No. 8) for $60,000 was received from the bank and deposited. Reviewed the terms and conditions of the note and signed it (Ray Kramer) as the borrower. Restrictively endorse means to write the following on the back of the check "For deposit only. Waren Sports Supply." See flowchart, page 21, for recording and depositing Detach the bottom portion of the check and file in the Shipping/Banking file tab File the note in the Shipping/Banking file tab. / Yes 19 Received customer purchase order No. 37225 (Doc. No. 4) in the mail from University of Southern Iowa (UST), approved their credit and shipped the goods. All goods ordered were shipped, except that only 56 shoulder pad sets were available for shipment Carrier & number: Freight charges: Route: Truck & driver: Freight rate: Shipment: Allied Trucking: Carrier number 2154 FOB shipping point; Billed to buyer (i.e., paid by USI) Express Truck 2961XZ., John A $19.00 per 100 lbs. 3 cartons/goal and rim sets @ 40 lbs./carton 5 cartons/backboards @ 150 lbs./carton 7 cartons/shoulder pad sets @ 25 lbs./carton 10 cartons/football helmets @ 16 lbs./carton See flowchart, pages 18 and 19: follow all steps carefully You will use several documents and record an entry in the sales journal and the accounts receivable subsidiary ledger for this transaction. For guidance in preparing the bill of lading, see pages 35-36 of the Reference book. Yes 20 Received sales return request No. R8034 (Doc. No. 12) in the mail from Eastern Wisconsin University (EWU). The request was approved and the acknowledgment copy mailed to EWU. Follow the flowchart steps on page 20. December No 20 Increased employee pay rates, and employees changed their federal income tax withholding amounts, both effective December 16. There were no changes in filing status or withholding allowances. New Federal Income Tax New Pay Rate Withholding Amt. Ray Kramer $3.700.00 semimonthly $415.00 Jim Adams $22.50 per hour $233.00 Nancy Ford $18.20 per hour $ 74.00 No accounting entries are necessary, but you must update the pay rate history information in the Employee Earnings Subsidiary Ledger Yes 22 Received merchandise from Velocity Sporting Goods as listed on purchase order No. 328. All merchandise listed on the purchase order was delivered in good condition and in the quantities ordered, except that only 76 basketball pole pads (Item No. BB-019) were received. The goods were placed immediately in the inventory warehouse. Freight carrier: Freight bill: Interstate Motor Freight No. 26425 (Doc. No. 19), received with shipment . Remember to follow the flowchart on page 22. You can't record a purchase yet because the invoice hasn't been received Yes 22 Received check No. 28564 (Doc. No. 8) from Branch College for payment in full for charge invoice No. 730, and deposited the check. No 22 Received legal Received legal notification from Benson, Rosenbrook, and Martinson, P.C., attorneys at law, that Stevenson College had filed bankruptcy and will be unable to pay any of its outstanding debts to its suppliers. Write off the account as a bad debt. Remember that Waren Sports Supply uses the "Allowance" method rather than Direct write-off" for accounting for bad debts. Yes 26 Received all goods that Waren had authorized Eastern Wisconsin University (EWU) to return on EWU's return request No. R8034 for credit against their account balance. Process and record the sales return now. Yes 26 Received check No. 49326 (Doc. No. 8) for $10,000 from Eastern Wisconsin University in partial payment of the remaining amount (after sales return) on charge invoice No. 729, and deposited the check. Do not finalize a deposit slip until you determine whether there are other cash receipts on the same day. flow chart page 21 deposit slip 3 December Yes 26 Received vendor invoice No 4719 (Der No 18) from Velocity Sporting Goods to goods ordered December 18 and received December 22. Follow the flowchart steps on page 22. Upon receiving the invoice. You can www record the purchase using the date on which Waren incurred the liability for the goods, December 22. Yes 26 Issued check (Dec. No 2011 Interstate Motor Freight for the amount of the freight bull (Doc. No. 19) for the Velocity Sporting Goods shipment received December 22. Follow the flowchart steps on page 23. record in Yes 26 Received check No. 65897 (Doc. No. 8) for $7,855 and customer purchase order No. 09794 (Doc. No. 4) in the mail from Andrews College for a cash sale. All goods sond to ordered were shipped and the cash sale was processed and recorded. Ne e d Carrier & number: Interstate Motor Freight: Carrier number 62XY404 + Freight charges: Collect (.e., paid by Andrews College) Route: Direct Truck & driver: Truck 64, Brian Ward Freight rate: $19.00 per 100 lbs. Shipment: 5 cartons/basketballs @ 35 lbs./carton 2 cartons/hip, tail, arm pad sets @ 7 lbs./carton 4 cartons/footballs @ 19 lbs./carton but I didnt Start with the flowchart on page 21 Yes 26 Received office supplies from Chicago Office Supply as listed on purchase order No. 327 (Doc. No. 16), a copy of which is being held in accounting, Chicago Office Supply's vendor invoice No. 2378 (Doc. No. 18) was received with the goods. All supplies ordered were received in good condition and taken directly to the office, but the invoice was not paid. do not write chuk [Yes 28 28 Issued check (Doc. No. 20) to Velocity Sporting Goods for payment in full of their invoice No. 34719 for goods received December 22. . Consider the credit terms before making the payment. Yes 29 Printed and reviewed payroll time record reports (Doc. No. 21) for Ford and Adams for the time period ended December 31 and prepared the payroll for all three employees, including paychecks. Paychecks are considered "Mailed/Given to Outsiders." Time record reports are filed in the "Accounting" file tab. Recall that federal income tax withholding amounts were listed earlier with employee pay rate increases. CHAPTER 1 nd the check flowchart P9.23 writing the ch aren's purchase order No. 325 Den December 19 2423 (Doc. No. 18) from Chicago Of Chicago Office Supply. The and taken directly to the office Received the 11-inch tablets ordered on 16) and vendor invoice No. 2423 (Dor tablets were received in new and undama The estimated useful life is 5 years with salved in new and undamaged condition and useful life is 5 years with no salvage value 18) from University Athletic News 99 during the Christmas season and immediatel immediately issued a check Received vendor invoice No. 1200+ (Doc. No 18 advertisements Waren ran during the (Doc. No. 20) for payment in full. for services that Waren purchases. Purchase orders are not issued for services that Ware 1 the transactions, go to page 12 of the hook and complete all the month-end procedures. An MONTH-END PROCEDURES - After you have Instructions, Flowcharts, and Ledgers book and com month-end requirement for this project is: Yes Monthly Statement - Prenare a monthly statement (Doc. No. 15) for Eastern University L P.END PROCEDURES - After completing all the month-end procedures, go to page 14 ofi a s Flowcharts and Ledgers book and complete all the year-end procedures information for the year-end procedures is: No Ending Inventory - A physical inventory was taken 1/1/18, before business began for the new year. Merchandise on hand cost $191,967.00 No Bad Debt Expense The expense for bad debts is estimated at the end of the year as one-fifth of one percent (0.002) of net sales. No Marketable Securities - At December 31, 2017, the market value of marketable securities held by Waren approximated the cost of the securities The project is now complete. Good work! Review your materials to make certain everything is finalized. Complete the filing of documents, records, and working papers using the file tabs and the envelope in which the Aid 15 packaged. File all materials as indicated in the flowcharts. 3699 40 739.80 Year end depreciation Dec 31 12 = 739.888.5 = 369.94 Document No. 1 Transactions List December 16-31, 2017 Complete each of the following transactions in accordance with the seven-step process on page of the Instructions, Flowcharts and redeer bootste ce with the seven-step process on pages 11-12 5) Remember the importance of the systems Tlowcharts on pages 18-24 for details as to (a) documents to prepare, (b) approvals and other remare ( harovals and other internal control procedures, (c) accounting entries and filine Also remember from the requirements that some of the foll c of the following events require the preparation or modification of systems documents and some do not. You are to perform the roles of Ray Kramer, Nancy Ford, and Jim Adams. Hints are provided in boxed areas like this. December Yes 18 Received validated deposit receipr (Doc. No. 11) from deposit made December 14. the bank for $7,931.96 for Follow flowchart on page 21. No recording occurs at this time. Cash receipts prelist is Doc. No. 9. File Doc. No. 9 and Doc. No. 11 in the Temporary file tab. 18 Ordered the following inventory on account from Velocity Sporting Goods, using purchase order No. 328 (Doc. No. 16). Units 120 80 Description Basketball pole pad Basketball bag Portable inflation pump Trainer's first aid kit 30 75 Vendor address: Freight carrier: Freight charges: Allowances: 1285 Colgrove Ave., Pierre, SD 57501 Interstate Motor Freight Collect (i.e., paid by Waren Sports Supply) None . Follow flowchart on page 22. Use purchase order No. 325 (Doc. No. 16) as a guide. Use the price list (Doc. No. 3). No receiving or recording occurs at this point for this transaction. Tear document apart and file, following the flowchart guidance. December Yes 18 Borrowed $60.000 from First American Bank and Trust by issuing a two-year payable (Doc. No. 14) with a stated annual interest rate of 5%. Check No. 545 (Dee No. 8) for $60,000 was received from the bank and deposited. Reviewed the terms and conditions of the note and signed it (Ray Kramer) as the borrower. Restrictively endorse means to write the following on the back of the check "For deposit only. Waren Sports Supply." See flowchart, page 21, for recording and depositing Detach the bottom portion of the check and file in the Shipping/Banking file tab File the note in the Shipping/Banking file tab. / Yes 19 Received customer purchase order No. 37225 (Doc. No. 4) in the mail from University of Southern Iowa (UST), approved their credit and shipped the goods. All goods ordered were shipped, except that only 56 shoulder pad sets were available for shipment Carrier & number: Freight charges: Route: Truck & driver: Freight rate: Shipment: Allied Trucking: Carrier number 2154 FOB shipping point; Billed to buyer (i.e., paid by USI) Express Truck 2961XZ., John A $19.00 per 100 lbs. 3 cartons/goal and rim sets @ 40 lbs./carton 5 cartons/backboards @ 150 lbs./carton 7 cartons/shoulder pad sets @ 25 lbs./carton 10 cartons/football helmets @ 16 lbs./carton See flowchart, pages 18 and 19: follow all steps carefully You will use several documents and record an entry in the sales journal and the accounts receivable subsidiary ledger for this transaction. For guidance in preparing the bill of lading, see pages 35-36 of the Reference book. Yes 20 Received sales return request No. R8034 (Doc. No. 12) in the mail from Eastern Wisconsin University (EWU). The request was approved and the acknowledgment copy mailed to EWU. Follow the flowchart steps on page 20. December No 20 Increased employee pay rates, and employees changed their federal income tax withholding amounts, both effective December 16. There were no changes in filing status or withholding allowances. New Federal Income Tax New Pay Rate Withholding Amt. Ray Kramer $3.700.00 semimonthly $415.00 Jim Adams $22.50 per hour $233.00 Nancy Ford $18.20 per hour $ 74.00 No accounting entries are necessary, but you must update the pay rate history information in the Employee Earnings Subsidiary Ledger Yes 22 Received merchandise from Velocity Sporting Goods as listed on purchase order No. 328. All merchandise listed on the purchase order was delivered in good condition and in the quantities ordered, except that only 76 basketball pole pads (Item No. BB-019) were received. The goods were placed immediately in the inventory warehouse. Freight carrier: Freight bill: Interstate Motor Freight No. 26425 (Doc. No. 19), received with shipment . Remember to follow the flowchart on page 22. You can't record a purchase yet because the invoice hasn't been received Yes 22 Received check No. 28564 (Doc. No. 8) from Branch College for payment in full for charge invoice No. 730, and deposited the check. No 22 Received legal Received legal notification from Benson, Rosenbrook, and Martinson, P.C., attorneys at law, that Stevenson College had filed bankruptcy and will be unable to pay any of its outstanding debts to its suppliers. Write off the account as a bad debt. Remember that Waren Sports Supply uses the "Allowance" method rather than Direct write-off" for accounting for bad debts. Yes 26 Received all goods that Waren had authorized Eastern Wisconsin University (EWU) to return on EWU's return request No. R8034 for credit against their account balance. Process and record the sales return now. Yes 26 Received check No. 49326 (Doc. No. 8) for $10,000 from Eastern Wisconsin University in partial payment of the remaining amount (after sales return) on charge invoice No. 729, and deposited the check. Do not finalize a deposit slip until you determine whether there are other cash receipts on the same day. flow chart page 21 deposit slip 3 December Yes 26 Received vendor invoice No 4719 (Der No 18) from Velocity Sporting Goods to goods ordered December 18 and received December 22. Follow the flowchart steps on page 22. Upon receiving the invoice. You can www record the purchase using the date on which Waren incurred the liability for the goods, December 22. Yes 26 Issued check (Dec. No 2011 Interstate Motor Freight for the amount of the freight bull (Doc. No. 19) for the Velocity Sporting Goods shipment received December 22. Follow the flowchart steps on page 23. record in Yes 26 Received check No. 65897 (Doc. No. 8) for $7,855 and customer purchase order No. 09794 (Doc. No. 4) in the mail from Andrews College for a cash sale. All goods sond to ordered were shipped and the cash sale was processed and recorded. Ne e d Carrier & number: Interstate Motor Freight: Carrier number 62XY404 + Freight charges: Collect (.e., paid by Andrews College) Route: Direct Truck & driver: Truck 64, Brian Ward Freight rate: $19.00 per 100 lbs. Shipment: 5 cartons/basketballs @ 35 lbs./carton 2 cartons/hip, tail, arm pad sets @ 7 lbs./carton 4 cartons/footballs @ 19 lbs./carton but I didnt Start with the flowchart on page 21 Yes 26 Received office supplies from Chicago Office Supply as listed on purchase order No. 327 (Doc. No. 16), a copy of which is being held in accounting, Chicago Office Supply's vendor invoice No. 2378 (Doc. No. 18) was received with the goods. All supplies ordered were received in good condition and taken directly to the office, but the invoice was not paid. do not write chuk [Yes 28 28 Issued check (Doc. No. 20) to Velocity Sporting Goods for payment in full of their invoice No. 34719 for goods received December 22. . Consider the credit terms before making the payment. Yes 29 Printed and reviewed payroll time record reports (Doc. No. 21) for Ford and Adams for the time period ended December 31 and prepared the payroll for all three employees, including paychecks. Paychecks are considered "Mailed/Given to Outsiders." Time record reports are filed in the "Accounting" file tab. Recall that federal income tax withholding amounts were listed earlier with employee pay rate increases. CHAPTER 1 nd the check flowchart P9.23 writing the ch aren's purchase order No. 325 Den December 19 2423 (Doc. No. 18) from Chicago Of Chicago Office Supply. The and taken directly to the office Received the 11-inch tablets ordered on 16) and vendor invoice No. 2423 (Dor tablets were received in new and undama The estimated useful life is 5 years with salved in new and undamaged condition and useful life is 5 years with no salvage value 18) from University Athletic News 99 during the Christmas season and immediatel immediately issued a check Received vendor invoice No. 1200+ (Doc. No 18 advertisements Waren ran during the (Doc. No. 20) for payment in full. for services that Waren purchases. Purchase orders are not issued for services that Ware 1 the transactions, go to page 12 of the hook and complete all the month-end procedures. An MONTH-END PROCEDURES - After you have Instructions, Flowcharts, and Ledgers book and com month-end requirement for this project is: Yes Monthly Statement - Prenare a monthly statement (Doc. No. 15) for Eastern University L P.END PROCEDURES - After completing all the month-end procedures, go to page 14 ofi a s Flowcharts and Ledgers book and complete all the year-end procedures information for the year-end procedures is: No Ending Inventory - A physical inventory was taken 1/1/18, before business began for the new year. Merchandise on hand cost $191,967.00 No Bad Debt Expense The expense for bad debts is estimated at the end of the year as one-fifth of one percent (0.002) of net sales. No Marketable Securities - At December 31, 2017, the market value of marketable securities held by Waren approximated the cost of the securities The project is now complete. Good work! Review your materials to make certain everything is finalized. Complete the filing of documents, records, and working papers using the file tabs and the envelope in which the Aid 15 packaged. File all materials as indicated in the flowcharts. 3699 40 739.80 Year end depreciation Dec 31 12 = 739.888.5 = 369.94