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Posted on Aug 06, 2024

generate a general ledger and trial balance these should be more clear ! Saks DIN K CAN 00 Axxer Howwe Salt Cewis Al tlak .

generate a general ledger and trial balance image text in transcribed

these should be more clear ! image text in transcribed

Saks DIN K CAN 00 Axxer Howwe Salt Cewis Al tlak . 7. 10 VOUS Anonie Ali R Toni -4001 es 15500 (15500 $935 42 078 1417 AD IN 21300 21300 THI l'urchase Lalc Account Crecited Tous RI Inventory (Dr). Act.. (Cr. 6:30 P.Padang 1. klom I Meringue T. Honey P. Pudding T Fores (14200) (1500) 27-J. I Marink (14500) 0. Blossom P. Pudung (1200) (1SVO) 30 Solution :- a) Sex Journal Date Sales Acevuel Debateu Larvex Ref. Awwals Receivable Du COUSD. Inoxtorya S. Shumake Il re 507 300 Retura (700 B. Mulin SUS A plus S. Shake SID 13. Murtin 511 1300 1221 R.Tur 512 3500 1395 HP 513 6100 2257 23 Cash payment Journal Ref 110) Date Account debited 08-Jan Inventory 09-Jan T. Honey 09-Jan L. maringue 12-Jan rent Expenss 15-Jan Drawing 17-Jan Office supplies 23-Jan L. maringue 23-Jan T. Honey 28-Jan Office supplies 31-Jan salaries & Wages Total Other Account Ofice merchandise Account Dr Payable Dr supplies Dr inventory cr cash cr 250 250 9000 180 8820 11000 10890 3000 3000 900 900 600 600 15000 150 14850 13800 276 13524 200 200 9200 9200 13350 48800 800 716 62234 Sunshine Company uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger. Balances related to both the general ledger and the subsidiary ledger for Sunshine are indicated in the working papers. Below are a series of transactions for Sunshine Co. for the month of January. Credit sales terms are 2/10, n/30. The cost of all merchandise sold was 37% of the sales price. Jan.3 Sell merchandise on account to S. Shortcake $3,100, invoice no. 506, and to H. Pie $1,800, invoice no. 507. 5 Purchase merchandise from P. Pudding $6,000 and O. Blossom $2,200, terms n/30. 7 Receive checks from A. Dumplin' $4,000 and R. Tart $7,500 after discount period has lapsed. 8 Pay freight on merchandise purchased $250. 9 Send checks to T. Honey for $9.000 less 2% cash discount, and to L. Meringue for $11,000 less 1% cash discount 9 Issue credit of $700 to H. Pie for merchandise returned. 10 Summary daily cash sales total $15,500. 11 Sell merchandise on account to B. Muffin $1,600, invoice no. 508, and to A. Dumplin' $900. invoice no. 509. 12 Pay rent of $3,000 for January. V 13 Receive payment in full from S. Shortcake and H. Pie less cash discounts. 15 Withdrawal of S900 cash by J. Apricot for personal use. 15 Post all entries to the subsidiary ledgers. 16 Purchase merchandise from L. Meringue $15,000, terms 1/10,n/30; T. Honey S14,200, terms 2/10,n/30; and P. Pudding $1,500, terms n/30. 17 Pay S600 cash for office supplies. 18 Return $400 of merchandise to T. Honey and receive credit. 20 Summary daily cash sales total $20,100. 21 Issue $17,000 note, maturing in 90 days, to B. Cookie in payment of balance due. 21 Receive payment in full from A.Dumplin' less cash discount. 22 Sell merchandise on account to S. Shortcake $2,700, invoice no. 510, and to B. Muffin $3,300, invoice no. 511. 22 Post all entries to the subsidiary ledgers. 23 Send checks to L. Meringue and T. Honey in full payment less cash discounts. 25 Sell merchandise on account to R. Tart $3,500, invoice no. 512, and to H. Pie $6,100, invoice no. 513 27 Purchase merchandise from L. Meringue $14,500, terms 1/10,n/30; O. Blossom $1,200, terms n/30; and P. Pudding $5,400, terms n/30. 27 Post all entries to the subsidiary ledgers. 28 Pay $200 cash for office supplies. 31 Summary daily cash sales total $21,300. 31 Pay salaries and wages of $9.200. (continued) 506 a) Sales Journal Date Sales Cr. 03-Jan 03-Jan 09-Jan 11-Jan 11-Jan 22-Jan 22-Jan 25-Jan 25-Jan Note :- To be shown in Sales Ret Account Debited Invoice No Ref. Accounts Receivable Dr. COGS Dr. Inventory Cr. S. Shortcake 3100 1147 H. Pic 507 1800 666 H. Pie Return (700) B. Muffin 508 1600 592 A. Dumplin' 509 333 S. Shortcake 510 2700 999 B. Muffin 3300 1221 R.Tart 512 3500 1295 H. Pie 513 6100 2257 900 511 Purchase Journal Date Acc. Pay (Cr). 05-Jan 05-Jan Account Credited Terms Ref. Inventory (Dr). P. Pudding O, Blossom (6000) (2200) (15000) 16-Jan n/30 n/30 1/10 n/30 2/10 n/30 n/30 1. Meringue 16-Jan T. Honey P. Pudding T. Honey (14200) (1500) 16-Jan 18-Jan 400 Note :- To be shown in Purchase Return, however same is ne journal 27-Jan (14500) 1. Meringue O. Blossom P. Pudding 1/10 n/30 n/30 n/30 27-Jan 27-Jan (1200) (1500) Roma Dale A Credi Rar Cube De 4000 Sales De A Ronal Sales Other Act COGS Desemory T. Sales 1500 3735 11 11 361 IN 2010 2001 A vi Sale Saks DIN K CAN 00 Axxer Howwe Salt Cewis Al tlak . 7. 10 VOUS Anonie Ali R Toni -4001 es 15500 (15500 $935 42 078 1417 AD IN 21300 21300 THI l'urchase Lalc Account Crecited Tous RI Inventory (Dr). Act.. (Cr. 6:30 P.Padang 1. klom I Meringue T. Honey P. Pudding T Fores (14200) (1500) 27-J. I Marink (14500) 0. Blossom P. Pudung (1200) (1SVO) 30 Solution :- a) Sex Journal Date Sales Acevuel Debateu Larvex Ref. Awwals Receivable Du COUSD. Inoxtorya S. Shumake Il re 507 300 Retura (700 B. Mulin SUS A plus S. Shake SID 13. Murtin 511 1300 1221 R.Tur 512 3500 1395 HP 513 6100 2257 23 Cash payment Journal Ref 110) Date Account debited 08-Jan Inventory 09-Jan T. Honey 09-Jan L. maringue 12-Jan rent Expenss 15-Jan Drawing 17-Jan Office supplies 23-Jan L. maringue 23-Jan T. Honey 28-Jan Office supplies 31-Jan salaries & Wages Total Other Account Ofice merchandise Account Dr Payable Dr supplies Dr inventory cr cash cr 250 250 9000 180 8820 11000 10890 3000 3000 900 900 600 600 15000 150 14850 13800 276 13524 200 200 9200 9200 13350 48800 800 716 62234 Sunshine Company uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger. Balances related to both the general ledger and the subsidiary ledger for Sunshine are indicated in the working papers. Below are a series of transactions for Sunshine Co. for the month of January. Credit sales terms are 2/10, n/30. The cost of all merchandise sold was 37% of the sales price. Jan.3 Sell merchandise on account to S. Shortcake $3,100, invoice no. 506, and to H. Pie $1,800, invoice no. 507. 5 Purchase merchandise from P. Pudding $6,000 and O. Blossom $2,200, terms n/30. 7 Receive checks from A. Dumplin' $4,000 and R. Tart $7,500 after discount period has lapsed. 8 Pay freight on merchandise purchased $250. 9 Send checks to T. Honey for $9.000 less 2% cash discount, and to L. Meringue for $11,000 less 1% cash discount 9 Issue credit of $700 to H. Pie for merchandise returned. 10 Summary daily cash sales total $15,500. 11 Sell merchandise on account to B. Muffin $1,600, invoice no. 508, and to A. Dumplin' $900. invoice no. 509. 12 Pay rent of $3,000 for January. V 13 Receive payment in full from S. Shortcake and H. Pie less cash discounts. 15 Withdrawal of S900 cash by J. Apricot for personal use. 15 Post all entries to the subsidiary ledgers. 16 Purchase merchandise from L. Meringue $15,000, terms 1/10,n/30; T. Honey S14,200, terms 2/10,n/30; and P. Pudding $1,500, terms n/30. 17 Pay S600 cash for office supplies. 18 Return $400 of merchandise to T. Honey and receive credit. 20 Summary daily cash sales total $20,100. 21 Issue $17,000 note, maturing in 90 days, to B. Cookie in payment of balance due. 21 Receive payment in full from A.Dumplin' less cash discount. 22 Sell merchandise on account to S. Shortcake $2,700, invoice no. 510, and to B. Muffin $3,300, invoice no. 511. 22 Post all entries to the subsidiary ledgers. 23 Send checks to L. Meringue and T. Honey in full payment less cash discounts. 25 Sell merchandise on account to R. Tart $3,500, invoice no. 512, and to H. Pie $6,100, invoice no. 513 27 Purchase merchandise from L. Meringue $14,500, terms 1/10,n/30; O. Blossom $1,200, terms n/30; and P. Pudding $5,400, terms n/30. 27 Post all entries to the subsidiary ledgers. 28 Pay $200 cash for office supplies. 31 Summary daily cash sales total $21,300. 31 Pay salaries and wages of $9.200. (continued) 506 a) Sales Journal Date Sales Cr. 03-Jan 03-Jan 09-Jan 11-Jan 11-Jan 22-Jan 22-Jan 25-Jan 25-Jan Note :- To be shown in Sales Ret Account Debited Invoice No Ref. Accounts Receivable Dr. COGS Dr. Inventory Cr. S. Shortcake 3100 1147 H. Pic 507 1800 666 H. Pie Return (700) B. Muffin 508 1600 592 A. Dumplin' 509 333 S. Shortcake 510 2700 999 B. Muffin 3300 1221 R.Tart 512 3500 1295 H. Pie 513 6100 2257 900 511 Purchase Journal Date Acc. Pay (Cr). 05-Jan 05-Jan Account Credited Terms Ref. Inventory (Dr). P. Pudding O, Blossom (6000) (2200) (15000) 16-Jan n/30 n/30 1/10 n/30 2/10 n/30 n/30 1. Meringue 16-Jan T. Honey P. Pudding T. Honey (14200) (1500) 16-Jan 18-Jan 400 Note :- To be shown in Purchase Return, however same is ne journal 27-Jan (14500) 1. Meringue O. Blossom P. Pudding 1/10 n/30 n/30 n/30 27-Jan 27-Jan (1200) (1500) Roma Dale A Credi Rar Cube De 4000 Sales De A Ronal Sales Other Act COGS Desemory T. Sales 1500 3735 11 11 361 IN 2010 2001 A vi Sale