Here are the requirements and tables
The Daubs Lamp Company (DLC), owned by Jenae Daubs, is a wholesale company that purchases lamps from the manufacturer and resells them to retail stores. A (Click the icon to view the additional information.) The trial balance for DLC as of September 30, 2018 follows: (Click the icon to view the trial balance.) Merchandise Inventory as of September 30 consists of the following lamps: (Click the icon to view the Merchandise Inventory.) During the fourth quarter of 2018, DLC completed the following transactions: (Click the icon to view the transactions). Read the requirements Requirement 1. Open general ledger T-accounts and enter opening balances as of September 30, 2018. (Enter a "0" on the normal side of the T-account for accounts with a zero balance as of September 30, 2018. Abbreviation used: Depr. = depreciation.) Cash Accounts Payable Sales Revenue Bal. Accounts Receivable Daubs, Capital Cost of Goods Sold Merchandise Inventory Daubs, Withdrawals Salaries Expense-Selling Office Supplies Utilities Expense-Selling Warehouse Supplies Supplies Expense--Selling Land Depreciation Expense-Selling Building Salaries Expense-Administrative Office Furniture and Equipment Utilities Expense-Administrative Warehouse Fixtures Supplies Expense-Administrative Accumulated Depreciation Depr. Expense-Administrative Data Table sists of the following lamps. - X ventory) eted the following transactions: Data Table X - Item Desk Lamp Table Lamp Floor Lamp Total Quantity Unit Cost Total Cost 2,800 $ 4 $ 11,200 4,000 $ 16 64,000 2,300 $ 23 52,900 S 128,100 Daubs Lamp Company Trial Balance September 30, 2018 Balance Account Debit Credit Cash $ 524,000 Accounts Receivable 0 Merchandise Inventory 128,100 Office Supplies 345 Warehouse Supplies 480 Land 12,000 Building 740,000 Office Furniture and Equipment 120,000 Warehouse Fixtures 210,000 Accumulated Depreciation $ 214,000 Accounts Payable 0 Daubs, Capital 406,300 Daubs, Withdrawals 0 Sales Revenue 2,619,125 Cost of Goods Sold 1,068,500 Salaries Expense-Selling 285,000 Utilities Expense-Selling 36,000 Supplies Expense-Selling 0 Depreciation Expense-Selling 0 Salaries Expense-Administrative 86,000 Utilities Expense-Administrative 29,000 Supplies ExpenseAdministrative 0 0 Depreciation Expense-Administrative S Total 3,239,425 $ 3,239,425 Print Done Print Done Click the icon to view the Merchandise Inventory During the fourth quarter of 2018, DLC CO f More Info (Click the icon to view the transaction Read the requirements - X Data Table Item Total Cost Quantity Unit Cost 2,800 $ 4 $ 11.200 Desk Lamp Table Lamp 4,000 $ 16 64,000 52.900 Floor Lamp 2,300 $ 23 Oct. 1 Purchased lamps on account from Wasatch Lights, terms n/30, FOB destination: 6.000 desk lamps at $5 each 8.500 table lamps at $10 each 3.000 floor lamps at $29 each 12 Sold lamps on account to Farnese Home Furnishings, terms 1/10,n/30: 5.500 table lamps at $49 each 15 Sold lamps on account to Dacula Office Supplyterms 1/10.n/30: 1.300 desk lamps at $17 each 20 Received a check from Farnese Home Furnishings for full amount owed on Oct. 12 sale. 23 Received a check from Dacula Office Supply for full amount owed on Oct. 15 sale. 28 Sold lamps on account to Interstate Home Stores, terms 3/10, n/30: 3.000 table lamps at $49 each 1.900 floor lamps at $63 each 30 Paid amount due to Wasatch Lights from Oct 1 purchase. 31 Paid salaries, $39.000 (60% selling, 40% administrative). 31 Paid utilities, $2.700 (60% selling, 40% administrative). Nov. 1 Sold lamps on account to Dacula Office Supply. terms 3/10. n/30: 3.700 desk lamps at $17 each 5 Purchased lamps on account from Wasatch Lights, terms n/30, FOB destination: 6.000 desk lamps at $6 each 11,000 table lamps at $18 each 6.000 floor lamps at $31 each 5 Received a check from Interstate Home Stores for full amount owed on Oct. 28 sale 8 Received a check from Dacula Office Supply for full amount owed on Nov. 1 sale 10 Purchased and paid for supplies: 5320 for the office: $575 for the warehouse 15 Sold lamps on account to Nelson Office Supply. n/30: 2.500 desk lamps at $17 each 18 Sold lamps on account to Plaza Discount Stores, terms 2/10. n/30: 2.200 table lamps at $49 each 1.900 floor lamps at $63 each 28 Received a check from Plaza Discount Stores for full amount owed on Nov. 18 sale. 30 Paid salaries, $39.000 (50% selling, 40% administrative). 30 Paid utilities, $2.610 (60% selling, 40% administrative) Dec. 5 Paid amount due to Wasatch Lights from Nov. 5 purchas 15 Received a check from Nelson Office Supply for full amount owed on Nov. 15 sale. 15 Daubs withdrew $65.000 from the business. 27 Sold lamps on account to Farnese Home Furnishings, terms 3/10, n/30: 5.300 desk lamps at $17 each 5.800 table lamps at $49 each 31 Paid salaries, $39,000 (60% selling, 40% administrative). 31 Paid utilities, $3.500 (60% selling, 40% administrative) $ 128.100 Total Print Done Print Done Clear All
