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I have completed the journal entries for Friday. But I am stuck on Saturday and Sunday. The project requires you to carry over the information
I have completed the journal entries for Friday. But I am stuck on Saturday and Sunday. The project requires you to carry over the information from the T-accounts (so the balances) to the next day. Could someone help with the journal entries for Saturday and Sunday? Using the information given? Thank you!
Alba 104 8 Thus BA211 Financial Accounting Project: Valentine's Day Chocolate 400 boxes from the storage unit because Saturday is believed to be the show opens Cupid retrieves the big sales day. Hhe Young Professionals club asks cupidifthey could buy 40 boxes and pay him tomorrow, Cupid 21, 2017 ortun Knocks Janua gular routine, visit the local farmers' market on their weekly shopping ucer and friend of Cupid's family, is selling her candy at the market. Cupid and his family as is their re trip. Deborah, a local candy-prod of Fair Trade Coalition comes by on Saturday representing her charitable organization to make holidays more bearable for the less fortunate in Ms. James, seeing the Fair Trade Certification si asks Cupid if be would consider making a donation of boxed chocolate to this worthy a brief pause, Cupid says yes and gives Ms. James 20 boxes of chocolate. (Cupid still has to pay for inventory used, no matter what the purpose.) Cupid tells Deborah how much he likes her candy Deborah knows that cupid is a budding entrepreneur and asks ifhe will try selling her boxed Valentine' of Deborah she will be out town most of that weekend and wants Cupid the product to keep awareness of Gym Festiwal also says that she has a booth reservation and would have pay the Food & Deborah show management a $300 booth fee on February 10th along with a refundable S40 clean-up fee. Walk-up sales amounted to 275 units sold for the day gives the following information: Boxed Valentine chocolate sells at a market price ofS12.00 each Sunday, Februa Deborah can prove that her chocolate has Fair Trade Certification Before the show opens, Cupid retrieves 200 boxes from the storage unit. Cupid can buy boxed chocolate from her for S7.00 each of Food & Gift Festival Boxed chocolate inventory is enough to cover the needs Mr. Lupercalia picks up his boxe Cupid can keep any of the net income from the festival paid then for aDeborah will return on the afternoon of February 12th and expects to be inventory acquired from her storage unit and not returned to her The Young Professionals pay Cupid. Cupid agrees to Deborah's offer and decides to sell boxed Valentine chocolates at the Food & Gifi Festival. Walk-up sales amounted to 205 units sold for the day. S40 cleaning fee. Cupid asks his sister, Ginger, to help in the booth and he would pay her $40 a day. Ginger agrees. Kavinda comes by, sees a clean booth, and returns the Ginger mentions that sales today were about twice Friday's sales and she wants a bonus, after haggling w riday, Februa 130 boxes from her brother, they agree to a $90 bonus-payment. Cupid pays Ginger all amounts owed. Prior to coming to the show, Cupid took $700 out of his personal savings and he acquired in cash Deborah stops by and is amazed by the amount of sales made. Cupid pays Deborah for the inventory Deborah's storage unit. Cupid sets up the stand and pays the show manager, Kavinda, S340 retrieved less what she takes back with her to buy 20 boxes that cupid will have ready for picl At 2:30 in the afternoon, Mr. Lupercalia, prepays $2 Cupid recovers his original cash-injection by withdrawing S700 up on Sunday morning. 05 boxes in this manner by end of the day walk-up sales are good and they se Ginger, who worked hard, mentions that her wage of S40 per day is too low. Cupid and Ginger agree tha $70 a day is fair and that she will be paid at the end of the festivalStep by Step Solution
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