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Hello I need help with the ANALAYIS part in accountinghomework. I uploaded the transactionpart and analysisschadual Thank you f1. Paid the salaries payable from 2014.
Hello
I need help with the ANALAYIS part in accountinghomework. I uploaded the transactionpart and analysisschadual
Thank you
\f1. Paid the salaries payable from 2014. 2. On January 15. purchased 20 standard alarm systems for cash at a cost of $250 each. 3. On February 1I paid the accounts payable of $000. but not within the discount period. (The company uses the gross method.) 4. On March 1. leased a business van. Paid $4.500 for one year's lease in advance. 5. Paid $?.200 on May 1 for one year's rent on the ofce in advance. 5. Purchased with cash $500 of supplies to be used over the next several months by the business. 1'. Purchased with cash another 25 alarm systems on August1 for resale at a cost of $250 each. 0. 0n September 5. purchased on account 30 standard alarm systems at a cost of $255. 0. Installed 50 standard alarm systems for $33,000. $22.000 of the sales were on account and $11.000 were cash sales. 'l Note: Be sure to record cost of goods sold using the perpetual FIFO method.) 10.Made a full refund to a dissatised customer who returned her alarm system. The sale had been a cash sale for $550 with a cost of $250. 11 .Paid installers and other employees a total cf$21.000 cash for salaries. 12.5old $45,000 of monitoring services during the year. The services are billed to the customers each month. 13.5old an additional monitoring service for $1.200 for one years service. The customer paid the full amount of $1.200 on IZlctober 1. 14.Ccllected $T4.000 of accounts receivable during the year. 15.Paid an additional $5.000 to settle some of the accounts payable. 15.Paid $3.500 of advertising expense during the year. 1T.Paid $2.320 of utilities expense for the year. 15.Paid a dividend cf$15.000 to the shareholders. Adjustments 10.There was $200 of supplies on hand at the end of the year. 20.Recognized the expired rent for both the van and the ofce building for the year. 21 Recognized the revenue earned from transaction 13. 22.Accru ed salaries at December 31. 2015. were $1.000Step by Step Solution
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