Homework: Comprehenisve Problem #2 Score: 1.28 of 15 pts 1 of 1 (1 complete) > % Comp7-1 (book/static) Amherst Networking Systems adjusts and closes its books and then prepares financial statements monthly. Amherst uses the perpetual inventory system and all sales on credit have terms of n/30. The company completed the following transactions during August (Click the icon to view the transactions.) The July 31 account balances follow: (Click the icon to view the trial Read the requirements 240 240 26 Filter Company 31 Seacrest Supply 31 Totals 2/10, 1/30 1/10,n/30 8,000 8,000 Aug. 10,150 9,400 240 510 Record the appropriate transactions in the cash payments journal. (If a box is not used in the table, leave the box empty, do not select a label or enter a zero.) Page 5 Cash Payments Journal Post. Other Ref. Accounts DR Dato No. Account Debited Accounts Payable DR Merchandise Inventory CR Cash CR Aug Aug Choose from any list or enter any number in the input fields and then click Check Answer 36 parts 3b remaining Clear All Ook i More Info cred ther in ment Aug. 1 Issued check no. 682 for August office rent of $1,300. 2 Issued check ho. 683 to pay the salaries payable of $1,300 from July 31. 2 Issued invoice no. 503 for sale on account to R. T. Loeb, $700. Amherst's cost of this merchandise inventory was $210. 3 Purchased merchandise inventory on credit terms of 1/15, 1/60 from Goldner, Inc., $1,400. 4 Received cash on account from Friend Company, $2,400 4 Sold merchandise inventory for cash, $370 (cost, $111). 5 Issued check no. 684 to purchase office supplies for cash, $730. 7 Issued invoice no. 504 for sale on account to K. D. Sanders, $2,100 (cost, $630) 8 Issued check no. 685 to pay Filter Company $2,500 of the amount owed at July 31. This payment occurred after the end of the discount period. 11 Issued check no. 686 to pay Goldner, Inc. the net amount owed from August 3. 12 Received cash from R. T. Loeb in full settlement of her account receivable from August 2. 16 Issued check no. 687 to pay salaries expense of $1,290. 19 Purchased merchandise inventory for cash, $850, issuing check no. 688. 22 Purchased furniture on credit terms of 3/15, 1/60 from Bradford Corporation, $510 23 Sold merchandise inventory on account to Friend Company, issuing invoice no. 505 for $9,000 (cost. $2,700). 24 Received half the July 31 amount receivable from K. D. Sanders. 26 Purchased office supplies on credit terms of 2/10,n/30 from Filter Company, $240. 30 Returned damaged merchandise inventory to the company from whom Amherst made the cash purchase on August 19, receiving cash of $850. 31 Purchased merchandise inventory on credit terms of 1/10, 1/30 from Seacrest Supply, $8,000. 31 issued check no. 689 to Lenny Moore, owner of the business, for personal withdrawal, $600. nput Print Done Principles of Accounting 1 Spring 2030 Graceanna Weng 1 05/00 Homework: Comprehenisve Problem # 2 Score: 1.28 of 15 pts Comp7-1 (book/static) 1 of 1 (complete HW Score: 8.5% Data Table books and the son credit hovem ancial statements that of 30 The company completed the following Ashant y s and the perp e ntory system and transactions during August Click the controw the transactions) TRIRT LOOD 24K.D. Sunders Canard Ladiger 700700 Account Name De Credit 22.400 Aug 31 Tours 8.715 7405 370 Record the appropriate transactions in the purchases journal of a boo ked in the tableave the box omoly do no t 37 000 Purchases Journal Count DR 101 C 102 A 105 Merchandisiner 100 OS. 117 Prodinu 100 fumaro 161 Accumulated Depreciation - Furniture 201 Accor Payable 204 Payable 220 N P Long 301 Lenny Moore, Capital 302 Lenny Moore, with 400 Income Summary 401 Se Revenue 501 Cold Sold 510 Vunder Account Credited Post Rat A Pay Merchandise Om entory DR Sup OR Acco Tie Date Terms R Aug 3 Goldene 22 Brand Corp her Company 31 by 31 115.00 315.no 210. 510 Aug Rand the terms in the na m e is not in the thing the bow in Choose from any list or enter any number in the input fields and then click Check Answer Print Done 36 ming