Hi, I'm having problems posting this for a general journal. June 5 Received a new shipment of three watercraft trailers for inventory from Starlight Sports. All merchandise purchases by Granite Bay Jet Ski are recorded NET. Invoice S2717 from Starlight shows the list price of the trailers at $1,200.00 each. Credit terms of 1/10, n/30 are offered and the merchandise is shipped FOB destination. The calculated NET purchase price of the merchandise that will be recorded in the journal entry is $3,564.00 ($3,600.00 x .99). June 6 Received a cash dividend of $ 1.05 per share on the 500 shares of Granite Corporation common stock held as a short-term investment. June 6 Completed service and installation work on a customer jet ski personal watercraft and the customer paid cash for the work completed. Sales invoice number G4013 lists $156.00 for 2.4 hours of labor, $421.40 for accessories, and 8% sales tax on the total (labor and accessories). Round all sales tax calculations to the nearest cent (Example: $46.192 = $46.19 sales tax). June 6 Received a new shipment of Kawasaki Jet Ski personal watercraft for inventory. Invoice K4461 from Kawasaki USA lists the total net purchase price of $46,180, credit terms of 2/10, n/30, FOB shipping point terms, and the models shipped. Freight charges of $100.00 are included on the invoice which totals $46,280.00. June 7 Sold for cash two Kawasaki 900 STX personal watercraft to Charles Downey for $7,000 each plus sales tax (sales invoice number G4015). Merchandise listed on the sales invoice: Item: Jet Ski 900 STX Quanity: 2 Net Cost Per Unit: $5,600.00 June 7 In order to raise additional cash, stockholders approved the sale of 5,000 shares of common stock at $5.00 par value per share. At the invoice prompt enter CMSTK for common stock. June 8 Donated, to the Rebel Ridge High School Student Store, a cash register that is no longer being used. The cash register originally cost $950.00, has no current market value, and was fully depreciated two years ago.

June 9 Issued check number 31218 for $350.00 as payment in full of invoice number 90866 received today from the Granite Bay Reporter. An advertisement for Granite Bay Jet Ski has been running all week in the Bulletin.

June 9 Issued check number 31219 and paid a cash dividend of $0.06 per share to all June 1, stockholders of record. The dividend was declared on May 9, and is payable today, June 9. The company had 40,000 common shares outstanding as of June 1. At the invoice prompt enter DIVPD for dividend paid.

"CHECKIT OUT" 101 105 106 127 131 132 201 205 207 221 301 401 411 501 505 604 606 635Miscellaneous Expense 713 TRIAL BALANCE TOTAL Cash Accounts Receivable Allowance for Doubtful Accounts Store and Shop Supplies Store Equipment and Fixtures Accum. Depre., Store Equip. and Fix. Accounts Pavable Sales Tax Payable Dividends Payable Unearned Storage Fees Common Stock Watercraft and Accessory Sales Service Fees Earned Cost of Goods Sold Transportation-In Advertising Expense Delivery Expense $78,940.41 56,319.0.2 81.82 3,102.92 69,018.00 13,570.00 74,045.92 4,267.26 0.00 13,740.00 225,000.00 226,719.80 8,368.50 160,222.40 604.00 2,183.50 541.50 27.80 638.00 $736,893.07 Dividends Earned