I have an accounting Mini Practice Set 2 can anyone help me? Here is the formula and the problem
TE 13 15 16 16 18 31 31 TRANSACTIONS issued Check 601 for S4,200 to pay City Properties the Koru s4,800, issued signed a three-month radio odvertising contrad with Coble Stotion for Check 602 to pay the full amount in odvan Received S520 from Megan Greening, a credit customer. in payment o her September check 603 for s17 82010 remit the sales lax owed for July State Tax Commission to the Issued Check 604 for S7 673, 40 to A Foshion Statement, a creditor, in payment of Invoice 9387 sayr-gun sakes slip 241 ($7.830), less a cash discount $156.60). Sold merchandise on credit for S2,480 plus sales tax of S124 to Dimitri Issued Check 605 for $1,050 to BMX Supply Co. for supplies. ment of Invoice 5671 Issued check 606 for sus 594.60 to Today's woman, a creditor, in poy (S8,770), less a cash discount (S175.40) Collected S1,700.00 on occount from Emily Tran, a credt customer originally sold on Accepted a return of merchandise from Dimitri Sayegh. The merchandise was Siv 241, october 3, issued credit Memorandurm Issued check 607 for SI 666 to clossy Threods, a kreditor, in payment of Invoice 3292 less a cash discount ts34) Had cash of s18,600 plus sales tax of s930 during october 1-6. Received o check from James Helmer, acr edit customer, for $832 to the balance he owes Issued 608 for s84 to deposi social securiry IS702). Medicare tax (S162), and federal income tax withholding ($1,020) from the September payroll Record thin check in the Sold payments journol. Emma Maldonodo, Sales merchandise on credit for S2,oso plus soles tax of s102.50 to 242 newspaper advertisement that issued 609 for s1.44s so pay The Cay Daily for a in October. Purchased merchandise for s4 B20 from A Fashion stotement. Invoice 9422, doted october 8 the terms are 2/10, n/30. pay to Ace 27 and October 11 com pony that delivered merchandise from A ion Stonement on September omh sales of s12.30o plus sales tax of S615 during october a 13 sold merchandise on credit for S1,940 plus soles tax of $97 so James Helmer, Soles Sip 243 furchased discontinued merchandise from Acme Jobbers paid for i immediately with check for $6,420. edit customer eceived s510 on account from Dimitri Sayegh, a cr Issued Check 612 for $4,723.60 to A Fashion Statement a creditor, in payment of invoice 942 S4,820.00), less cosh discount (596 400 withdrawal for Issued Check 613 for ST,200 to Teresa Loiay as a Had cash sales of s13,500 plus sales tax of S675 during octobur 15-20 12 to pay the monthly electric bill. Issued Check 614 to City Utilities for S on credir for S820 plus soles tax of $41 to Megon Gree ning, Sales Slip 244. Purchased merchandise for S3,3ao from Classy Threads, Invoice 3418, dated October 23. the terms ore 2/10, nv 30. Issued Check 615 to Regional Telephone for S780 to pay the monthly telephone bill Hod cash soles of s14, 240 plus soles tax of ST12 during october 22-27 Received credit Memorandum 175 for S430 from Clossy Threods for de ective goods that were returned. The oriainal ourchase was recorded October 25 Sold merchandise on credit for S3.120 plus soles tax of si56 to Emily Tron, sales slip 245 Recorded the October payroll. The records prepored by the payroll service show the follow earnings, $10,800; soci security $702.00, Medi $162.00, income tax S1,020, and net pay $8.916, The excess withhold ngs corrected an error mode in withhold ings in September. Recorded the employer's payroll taxes, which were calculated by the payroll service: social securi ry, S702, Medicore, S162; federal ployment tax, $118; and state u tax, $584 This, too, reflects an understatement of taxes recorded in September and corrected in this month Purchased merchandise for S4.020 from Today's woman, Invoice s821. dated october 26; the terms are n/30. issued 616 through 619. sa 916.00, to employees to pay october payroll. For sake of simplicity, enter the total of the checks on single line in the cash payments journal. issued Check 620 for $475 to Handy Janitors for october pnisoriol services sales of S1,700 plus sales tax of s85 for october 29-31 TE 13 15 16 16 18 31 31 TRANSACTIONS issued Check 601 for S4,200 to pay City Properties the Koru s4,800, issued signed a three-month radio odvertising contrad with Coble Stotion for Check 602 to pay the full amount in odvan Received S520 from Megan Greening, a credit customer. in payment o her September check 603 for s17 82010 remit the sales lax owed for July State Tax Commission to the Issued Check 604 for S7 673, 40 to A Foshion Statement, a creditor, in payment of Invoice 9387 sayr-gun sakes slip 241 ($7.830), less a cash discount $156.60). Sold merchandise on credit for S2,480 plus sales tax of S124 to Dimitri Issued Check 605 for $1,050 to BMX Supply Co. for supplies. ment of Invoice 5671 Issued check 606 for sus 594.60 to Today's woman, a creditor, in poy (S8,770), less a cash discount (S175.40) Collected S1,700.00 on occount from Emily Tran, a credt customer originally sold on Accepted a return of merchandise from Dimitri Sayegh. The merchandise was Siv 241, october 3, issued credit Memorandurm Issued check 607 for SI 666 to clossy Threods, a kreditor, in payment of Invoice 3292 less a cash discount ts34) Had cash of s18,600 plus sales tax of s930 during october 1-6. Received o check from James Helmer, acr edit customer, for $832 to the balance he owes Issued 608 for s84 to deposi social securiry IS702). Medicare tax (S162), and federal income tax withholding ($1,020) from the September payroll Record thin check in the Sold payments journol. Emma Maldonodo, Sales merchandise on credit for S2,oso plus soles tax of s102.50 to 242 newspaper advertisement that issued 609 for s1.44s so pay The Cay Daily for a in October. Purchased merchandise for s4 B20 from A Fashion stotement. Invoice 9422, doted october 8 the terms are 2/10, n/30. pay to Ace 27 and October 11 com pony that delivered merchandise from A ion Stonement on September omh sales of s12.30o plus sales tax of S615 during october a 13 sold merchandise on credit for S1,940 plus soles tax of $97 so James Helmer, Soles Sip 243 furchased discontinued merchandise from Acme Jobbers paid for i immediately with check for $6,420. edit customer eceived s510 on account from Dimitri Sayegh, a cr Issued Check 612 for $4,723.60 to A Fashion Statement a creditor, in payment of invoice 942 S4,820.00), less cosh discount (596 400 withdrawal for Issued Check 613 for ST,200 to Teresa Loiay as a Had cash sales of s13,500 plus sales tax of S675 during octobur 15-20 12 to pay the monthly electric bill. Issued Check 614 to City Utilities for S on credir for S820 plus soles tax of $41 to Megon Gree ning, Sales Slip 244. Purchased merchandise for S3,3ao from Classy Threads, Invoice 3418, dated October 23. the terms ore 2/10, nv 30. Issued Check 615 to Regional Telephone for S780 to pay the monthly telephone bill Hod cash soles of s14, 240 plus soles tax of ST12 during october 22-27 Received credit Memorandum 175 for S430 from Clossy Threods for de ective goods that were returned. The oriainal ourchase was recorded October 25 Sold merchandise on credit for S3.120 plus soles tax of si56 to Emily Tron, sales slip 245 Recorded the October payroll. The records prepored by the payroll service show the follow earnings, $10,800; soci security $702.00, Medi $162.00, income tax S1,020, and net pay $8.916, The excess withhold ngs corrected an error mode in withhold ings in September. Recorded the employer's payroll taxes, which were calculated by the payroll service: social securi ry, S702, Medicore, S162; federal ployment tax, $118; and state u tax, $584 This, too, reflects an understatement of taxes recorded in September and corrected in this month Purchased merchandise for S4.020 from Today's woman, Invoice s821. dated october 26; the terms are n/30. issued 616 through 619. sa 916.00, to employees to pay october payroll. For sake of simplicity, enter the total of the checks on single line in the cash payments journal. issued Check 620 for $475 to Handy Janitors for october pnisoriol services sales of S1,700 plus sales tax of s85 for october 29-31
