how do i write the general journal entry for JAN 11th using the accounts on the left? I think its a compounding entry? or adjusting? Ty!
BALLIST Partial For Three Months Required: 1. Prepare the general journal entries for the three months ended March 31, 2021. Account Title Cash Everest Entertainment Kellogg Investment Inc. Stilton Manufacturing Maritime Inc. AU Inc. Blackfeather Adventures RCA Co. Northstar Automotive LuLu Lemon Co. Merchandise inventory Computer supplies Prepaid insurance Prepaid rent Office equipment Accum. deprec., office equipment Computer equipment Accum. deprec., computer equip. Accounts payable Wages payable Unearned computer services rev. Ballister Dorth, capital Ballister Dorth, withdrawals Computer services revenue Jan. 4 Paid Trish Duresh for three days at the rate of $310 per day In addition to the 15 unpaid days from the prior year. 5 Ballister Dorth invested an additional $42.000 cash in the business 7 Purchased $21.400 of merchandise from Cisco Inc. with terms of 1/10, n/30, FOB shipping point 9 Received the balance owing from Backdeather Adventures 11 Completed five-day project for Everest Entertainment and billed them $7.950, which is the total price of $12.450 less the advance payment of $4.500 13 Sold merchandise with a retail value of $8,700 and a cost of $5,500 to AU Inc. with terms of 1/10. n/30. FOB shipping point 15 Pald $880 for freight charges on the merchandise purchased on January 7 16 Received 54.680 cash from RCA Co. for computer Services performed today 17 Paid Cisco Inc. for the purchase on January 7. 20 AU Inc. returned $600 of defective merchandise from its purchase on January 13. The returned merchandise, which had a cost of $540, was scrapped 22 Received the balance due from AU Inc. 24 Returned defective merchandise to Cisco Inc. and accepted credit against future purchases. Its cost, net of the discount, was $297 26 Purchased $9,600 of merchandise from Cisco Inc. with terms of 1/10. n/30, FOB destination. 26 Sold merchandise with a cost of $10,800 for $13.176 to Northstar Automotive: 1/10,n3 29 Received a $297 credit memo from Cisco Inc. concerning the merchandise returned on January 24 31 Paid Trish Duresh for 21 days' work at $310 per day. Feb. 1 Paid $6,750 for another three months' rent in advance at the landlord's request 3 Paid Cisco Inc. for the balance due. 5 Paid $1,850 to the local newspaper for advertising 11 Received the balance due from Everest Entertainment for fees biled on January 11. 15 Ballister Dorth withdrew $8,000 cash for personal use. Sales OUTROSPICERET Sales discounts Sales returns and allowances Cost of goods sold Deprec. exp., office equipment Deprec. exp., computer equip. Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Repairs expense, computer Charitable donations expense 23 Sold merchandise with a cost of $6,000 for $7,320 on credit to RCA Co.: terms 1/10,n30. 26 Paid Trish Duresh for 14 days' work at $310 per day 27 Reimbursed Ballister Dorth's business automobile expenses for 460 kilometres at $2.05 per kilometre. Mar. 8 Purchased $640 of computer supplies from Staples Supplies on credit 9 Received the balance due from RCA Co. for merchandise sold on Totals
