Hted transactions completed by Kornett Company during its first fiscal year ended December 31, 2045, were as follows: Jan. 3 Feb. 26 Apr. 14 May 13 Issued a check to establish a petty cash fund of $4,500. Replenished the petty cash fund, based on the following summary of petty cash receipts: office supplies, $1,680; miscellaneous selling expense, $570; miscellaneous administrative expense, $880. Purchased $31,300 of merchandise on account, terms 1/10, n/30. The perpetual inventory system is used to account for inventory Paid the invoice of April 14 after the discount period had passed. Received cash from daily cash sales for $21.200. The amount indicated by the cash register was $21.240 Received a 60-day, 8% note for $180,000 on the Ryanair account. Received amount owed on June 2 note, plus interest at the maturity date. Assume a 360-day year. Received $7.600 on the Finley account and wrote off the remainder owed on a $9.000 accounts 17 Jun 2 Aug 24 Jun 2 Aug 1 24 Received a 60-day, 8% note for $180,000 on the Ryanair account Received amount owed on June 2 note, plus interest at the maturity date. Assume a 360-day year Received $7,600 on the Finley account and wrote off the remainder owed on a $9,000 accounts receivable balance. (The allowance method is used in accounting for uncollectible receivables.) Reinstated the Finley account written off on August 24 and received $1,400 cash in full payment. (Record as two entries.) Sep 15 Record the following on journal page 22. Sep 15 Purchased land by issuing a $670,000, 90-day note to Zahorik Co., which discounted it at 9%. Assume a 360-day year Sold office equipment in exchange for $135,000 cash plus receipt of a $100,000, 90-day, 9% note. The equipment had a cost of $320,000 and accumulated depreciation of S64,000 as of October 17 Oct 17 Sep. 15 Oct 17 Purchased land by issuing a $670,000, 90-day note to Zahorik Co., which discounted it at 9%. Assume a 360-day year. Sold office equipment in exchange for $135,000 cash plus receipt of a $100,000, 90-day, 9% note. The equipment had a cost of $320,000 and accumulated depreciation of $64,000 as of October 17 Journalized the monthly payroll for November, based on the following data: Nov. 30 Salaries: Deductions: Sales salaries $135,000 Income tax withheld $39,266 Office salaries 77,250 Social security tax withheld 12,735 $212,250 Medicare tax withheld 3,184