I need all the journal entries for the system understanding aid 9th edition. heres the transaction list

Document No. 1 Transactions List December 16-31,2017 Complete each of the following transactions in accordance with the seven-step process on pages 11-12 of the Instructions, Flowcharts, and Ledgers book (step 5). Remember the importance of the systems flowcharts on pages 18 - 24 for details as to (a) documents to prepare, (b) approvals and other internal control procedures, (c) accounting entries, and (d) filing. Also, remember from the requirements that some of the following events require the preparation or modification of systems documents and some do not. You are to perform the roles of Ray Kramer, Nancy Ford, and Jim Adams. Hints are provided in boxed areas like this. December Yes 18 Received validated deposit receipt (Doc. No. I) from the bank for $7,931.96 for deposit made December 14. Follow flowchart on page 21. No recording occurs at this time. Cash receipts prelist is Doc. No.9. File Doc. No. 9 and Doc. No. 11 in the Temporary file tab. : Ordered the following inventory on account from Velocity Sporting Goods, using purchase order No. 328 (Doc. No. 16). 18 Yes Units 120 80 30 75 Description Basketball pole pad Basketball bag Portable inflation pump Trainer's first aid kit 1285 Colgrove Ave., Pierre, SD 57501 Interstate Motor Freight Collect (i.e., paid by Waren Sports Supply) None Vendor Address: Freight carrier Freight charges: Allowances: Follow flowchart on page 22. Use purchase order No. 325 (Doc. No. 16) as a guide. Use the price list (Doc. No. 3). No Receiving or recording occurs at this point for this transaction. Tear document apart and file, following the flowchart guidance . December 18 Borrowed $60,000 from First American Bank and Trust by issuing a two-year note Yes payable (Doc, No. 14) with a stated annual interest rate of 5%. Check No. 545 (Doc. No. 8) for $60,000 was received from the bank and deposited. Reviewed the terms and conditions of the note and signed it (Ray Kramer) as the borrower. Restrictively endorse means to write the following on the back of the check: "For deposit only. Waren Sports Supply. . See flowchart, page 21, for recording and depositing Detach the bottom portion of the check and file in the Shipping/ Banking file tab. File the noe in the Shipping/ Banking file tab. 19 Received customer purchase order No. 37225 (Doc. No. 4) in the mail from the Yes University of Southern lowa (USD, approved their credit and shipped the goods. All good ordered were shipped, except only 50 shoulder pad sets were available for shipment. Allied Trucking: Carrier number 2154 FOB shipping point: Billed to buyer (i.e. paid by USI) Carrier & number: Freight charges: Route Truck & driver: Freight rate Shipment Express Truck 2961 XZ, John Arens S19.00 per 100 Ibs. 3 cartons/goal and rim sets @40 lbs./carton 5 cartons/backboards @ 150 lbs./carton 7 cartons/shoulder pad sets @ 25 lbs./carton 10 cartons/football helmets @ 16 lbs./carton See flowchart, pages 18 and 19; follow all steps carefully You will use several documents and record an entry in the sales journal and the accounts receivable subsidiary ledger for this transaction. For guidance in preparing the bill of lading, see pages 35-36 of the Reference book . . Received sales return request No. R8034 (Doc. No. 12) in the mail from Eastern Wisconsin University (EWU). The request was approved and the acknowledgment copy mailed to EWU. 20 Follow the flowchart steps on page 20 Increased employee pay rates, and employees changed their federal income tax withbolding amounts, both effective December 16. There were no changes in New Pay Rate $21.30 per hour No filing status or withholding allowances. New Federal Income Tax Withholding Amt. 393.00 $208.00 $66.00 $3,550.00 semimonthly Ray Kramer Jim Adams Nancy Ford S17.30 per hour No accounting entries are necessary, but you must update the pay rate . history information in the Employee Earnings Subsidiary Ledger Yes 22 Received merchandise from Velocity Sporting Goods as listed on purch. order No. 328 All merchandise listed on the PO was delivered in good condition and in the quantities ordered, except that only 90 basketball pole pads (Item No. BB-019) were received. The goods were placed immediately in the inventory warehouse. Freight carrier: Interstate Motor Freight Freight bill: No. 26425 (Doc. No. 19), received with shipment Remember to follow the flowchart on page 22. You can't record a purchase yet because the invoice hasn't been received Received check No. 28564 (Doc. No. 8) from Branch College for payment in full for charge invoice No. 730, and deposited the check. Yes 22 22 Received legal notification from Benson, Rosenbrook, and Martinson, P.C., attorneys at law, that Stevenson College had filed bankruptcy and will be unable to pay any of its outstanding debts to its suppliers. Write off the account as a bad debt. No Remember that Waren Sports Supply uses the "Allowance" method rather than "Direct write-off for accounting for bad debts 26 Received all the goods that Waren authorized Eastern Wisconsin University (EWU) to return on EWU's return request No. R8034 for credit against their account balance. Yes Process and record the sales return now 26 Received check No. 49326 (Doc. No. 8) for $10,000 from Eastern Wisconsin University in partial payment of the remaining amount (after sales return) on charge invoice No. 729, and deposited the check Yes Do not finalize a deposit slip until you determine whether there are other cash receipts on the same da 26 Received vendor invoice No. 34719 (Doc. No. 18) from Velocity Sporting Goods Yes for goods ordered December 18 and received December 22. Follow the flowchart steps on page 22 Upon receiving the invoice, you can now record the purchase using the date on which Waren incurred the liability for the goods, December 22, Yes 26 Issued check (Doc. No. 20) to Interstate Motor Freight for the amount of the freight bill (Doc. No. 19) for the Velocity Sporting Goods shipment received December 22. Follow the flowchart steps on page 23 Received check No. 65891 (Doc. No. 8) for $7,855 and customer purchase order No. D9794 (Doc. No. 4) in the mail from Andrews College for a cash sale. All goods ordered were shipped and the cash sale was processed and recorded. 26 Yes Carrier & number: Freight charges: Interstate Motor Freight; Carrier number 62XY404 Collect (i.e.,paid by Andrews College) Route: Truck & driver Freight rate: Shipment Direct Truck 64, Brian Ward $19.00 per 100 lbs. 5 cartons/basketballs @ 35 lbs./carton 2 cartons/hip, tail, arm pad sets @ 7 lbs/carton 4 cartons/footballs @ 19 lbs/cartorn Start with the flowchart on page 21 Received office supplies from Chicago Office Supply as listed on purchase order No. 327 (Doc. No. 16), a copy of which is being held in accounting. Chicago Office Supply's vendor invoice No. 2378 (Doc. No. 18) was received with the goods. All supplies ordered were received in good condition and taken directly to the office, but the invoice was not paid. Yes 26 #15 Issued check (Doc. No. 20) to Velocity Sporting Goods for payment in full of their invoice No. 34719 for goods received December 22. Yes 28 Consider the credit terms before making the payment. 29 Printed and reviewed payroll time record reports (Doc. No. 21) for Ford and Adams for the time period ended December 3 1 and prepared the payroll for all three employees, including paychecks Yes Paychecks are considered "Mailed Given to Outsiders. Time record reports are filed in the "Accounting" file tab. Recall that federal income tax withholding amounts were listed earlier with employee pay rate increases. December Received the 11-inch tablets ordered on Waren's purchase order No. 325 (Doc. No. 16) and vendor invoice No. 2423 (Doc. No. 18) from Chicago Office Supply. The tablets were received in new and undamaged condition and taken directly to the office. The estimated useful life is 5 years with no salvage value. 29 Received vendor invoice No. 72654 (Doc. No. 18) from University Athletic News for advertisements Waren ran during the Christmas season and immediately issued a check (Doc. No. 20) for payment in full. 29 Yes Purchase orders are not issued for services that Waren purchases. MONTH-END PROCEDURES After you have recorded all the transactions, go to page 12 of the Instructions, Flowcharts, and Ledgers book and complete all the month-end procedures. An additional month-end requirement for this project is: Prepare a monthly statement ((Doc. No. 15) for Branch College Monthly Statement- YEAR-END PROCEDURES - After completing all the month-end procedures, go to page 14 of the Instructions. Flowcharts, and Ledgers book and complete all the year-end procedures. Additional information for the year-end procedures is: A physical inventory was taken 1/1/18, before business began for the new year. Merchandise on hand cost $193,817.00 No Ending Inventory No Bad Debt Expense - The expense for bad debts is estimated at the end of the year as one-fifth of one percent 0.0020) of net sales. No Marketable SecuritiesAt December 31, 2017, the market value of marketable securities held by Waren approximated the cost of the securities. project is now complete. Good work! Review your materials to make certain everything is finalized. Complete the filing of documents, records, and working papers using the file tabs and the envelope in which the Aid is packaged. File all materials as indicated in the flowcharts Document No.3 PRICE LISTS CURRENT AS OF DECEMBER 1, 2017 VELOCITY SPORTING GOODS Description Selling Price $139.00 Premium aluminum bat Baseballs 12 game balls Fielding glove 60 lb. dry line marker $195,00 58.00 65.00 103.00 69.00 39.00 BA-445 27.00 Baseball equipment bag Ball bucket with seat - set of 3 Batting gloves - 1 pair Pitching machine BA-667 23.00 34.00 245.00 164.00 Set of bases 111.00 Basketball items: 25.00 35.00 94.00 95.00 10.00 26.00 Goal and rim set BB-358 B8-399 BB-431 B8-538 Basketball net Whistle and lanyard-set of 6 Basketball bag Portable inflation pump Trainer's first aid kit 125.00 98.00 16.00 38.00 69.00 107.00 Hip, tail, arm pad set Football helmet 89.00 39.00 125.00 58.00 80.00 FB-225 FB-513 Portable storage locker Kicking tees- set of 6 Football post pad Collapsible cones set of 8 Sideline repair kit Portable hand warmer 210.00 24.00 147,00 96.00 27.00 83.00 FB-874 124.00 37.00 CHICAGO OFFICE SUPPLY Item No. Description Laser printer toner cartridge Copier paper-box $124.75 39.95 Manilla file folders - box of 50 Flash drive-16G8 Legal pad box of 12 Correction tape- box of 6 Black ink pens- box of 12 Pencils box of 24 Business envelopes-box of 1000 11-inch tablet 146 GB rack server Ray Kramer Document No. 1 Transactions List December 16-31,2017 Complete each of the following transactions in accordance with the seven-step process on pages 11-12 of the Instructions, Flowcharts, and Ledgers book (step 5). Remember the importance of the systems flowcharts on pages 18 - 24 for details as to (a) documents to prepare, (b) approvals and other internal control procedures, (c) accounting entries, and (d) filing. Also, remember from the requirements that some of the following events require the preparation or modification of systems documents and some do not. You are to perform the roles of Ray Kramer, Nancy Ford, and Jim Adams. Hints are provided in boxed areas like this. December Yes 18 Received validated deposit receipt (Doc. No. I) from the bank for $7,931.96 for deposit made December 14. Follow flowchart on page 21. No recording occurs at this time. Cash receipts prelist is Doc. No.9. File Doc. No. 9 and Doc. No. 11 in the Temporary file tab. : Ordered the following inventory on account from Velocity Sporting Goods, using purchase order No. 328 (Doc. No. 16). 18 Yes Units 120 80 30 75 Description Basketball pole pad Basketball bag Portable inflation pump Trainer's first aid kit 1285 Colgrove Ave., Pierre, SD 57501 Interstate Motor Freight Collect (i.e., paid by Waren Sports Supply) None Vendor Address: Freight carrier Freight charges: Allowances: Follow flowchart on page 22. Use purchase order No. 325 (Doc. No. 16) as a guide. Use the price list (Doc. No. 3). No Receiving or recording occurs at this point for this transaction. Tear document apart and file, following the flowchart guidance . December 18 Borrowed $60,000 from First American Bank and Trust by issuing a two-year note Yes payable (Doc, No. 14) with a stated annual interest rate of 5%. Check No. 545 (Doc. No. 8) for $60,000 was received from the bank and deposited. Reviewed the terms and conditions of the note and signed it (Ray Kramer) as the borrower. Restrictively endorse means to write the following on the back of the check: "For deposit only. Waren Sports Supply. . See flowchart, page 21, for recording and depositing Detach the bottom portion of the check and file in the Shipping/ Banking file tab. File the noe in the Shipping/ Banking file tab. 19 Received customer purchase order No. 37225 (Doc. No. 4) in the mail from the Yes University of Southern lowa (USD, approved their credit and shipped the goods. All good ordered were shipped, except only 50 shoulder pad sets were available for shipment. Allied Trucking: Carrier number 2154 FOB shipping point: Billed to buyer (i.e. paid by USI) Carrier & number: Freight charges: Route Truck & driver: Freight rate Shipment Express Truck 2961 XZ, John Arens S19.00 per 100 Ibs. 3 cartons/goal and rim sets @40 lbs./carton 5 cartons/backboards @ 150 lbs./carton 7 cartons/shoulder pad sets @ 25 lbs./carton 10 cartons/football helmets @ 16 lbs./carton See flowchart, pages 18 and 19; follow all steps carefully You will use several documents and record an entry in the sales journal and the accounts receivable subsidiary ledger for this transaction. For guidance in preparing the bill of lading, see pages 35-36 of the Reference book . . Received sales return request No. R8034 (Doc. No. 12) in the mail from Eastern Wisconsin University (EWU). The request was approved and the acknowledgment copy mailed to EWU. 20 Follow the flowchart steps on page 20 Increased employee pay rates, and employees changed their federal income tax withbolding amounts, both effective December 16. There were no changes in New Pay Rate $21.30 per hour No filing status or withholding allowances. New Federal Income Tax Withholding Amt. 393.00 $208.00 $66.00 $3,550.00 semimonthly Ray Kramer Jim Adams Nancy Ford S17.30 per hour No accounting entries are necessary, but you must update the pay rate . history information in the Employee Earnings Subsidiary Ledger Yes 22 Received merchandise from Velocity Sporting Goods as listed on purch. order No. 328 All merchandise listed on the PO was delivered in good condition and in the quantities ordered, except that only 90 basketball pole pads (Item No. BB-019) were received. The goods were placed immediately in the inventory warehouse. Freight carrier: Interstate Motor Freight Freight bill: No. 26425 (Doc. No. 19), received with shipment Remember to follow the flowchart on page 22. You can't record a purchase yet because the invoice hasn't been received Received check No. 28564 (Doc. No. 8) from Branch College for payment in full for charge invoice No. 730, and deposited the check. Yes 22 22 Received legal notification from Benson, Rosenbrook, and Martinson, P.C., attorneys at law, that Stevenson College had filed bankruptcy and will be unable to pay any of its outstanding debts to its suppliers. Write off the account as a bad debt. No Remember that Waren Sports Supply uses the "Allowance" method rather than "Direct write-off for accounting for bad debts 26 Received all the goods that Waren authorized Eastern Wisconsin University (EWU) to return on EWU's return request No. R8034 for credit against their account balance. Yes Process and record the sales return now 26 Received check No. 49326 (Doc. No. 8) for $10,000 from Eastern Wisconsin University in partial payment of the remaining amount (after sales return) on charge invoice No. 729, and deposited the check Yes Do not finalize a deposit slip until you determine whether there are other cash receipts on the same da 26 Received vendor invoice No. 34719 (Doc. No. 18) from Velocity Sporting Goods Yes for goods ordered December 18 and received December 22. Follow the flowchart steps on page 22 Upon receiving the invoice, you can now record the purchase using the date on which Waren incurred the liability for the goods, December 22, Yes 26 Issued check (Doc. No. 20) to Interstate Motor Freight for the amount of the freight bill (Doc. No. 19) for the Velocity Sporting Goods shipment received December 22. Follow the flowchart steps on page 23 Received check No. 65891 (Doc. No. 8) for $7,855 and customer purchase order No. D9794 (Doc. No. 4) in the mail from Andrews College for a cash sale. All goods ordered were shipped and the cash sale was processed and recorded. 26 Yes Carrier & number: Freight charges: Interstate Motor Freight; Carrier number 62XY404 Collect (i.e.,paid by Andrews College) Route: Truck & driver Freight rate: Shipment Direct Truck 64, Brian Ward $19.00 per 100 lbs. 5 cartons/basketballs @ 35 lbs./carton 2 cartons/hip, tail, arm pad sets @ 7 lbs/carton 4 cartons/footballs @ 19 lbs/cartorn Start with the flowchart on page 21 Received office supplies from Chicago Office Supply as listed on purchase order No. 327 (Doc. No. 16), a copy of which is being held in accounting. Chicago Office Supply's vendor invoice No. 2378 (Doc. No. 18) was received with the goods. All supplies ordered were received in good condition and taken directly to the office, but the invoice was not paid. Yes 26 #15 Issued check (Doc. No. 20) to Velocity Sporting Goods for payment in full of their invoice No. 34719 for goods received December 22. Yes 28 Consider the credit terms before making the payment. 29 Printed and reviewed payroll time record reports (Doc. No. 21) for Ford and Adams for the time period ended December 3 1 and prepared the payroll for all three employees, including paychecks Yes Paychecks are considered "Mailed Given to Outsiders. Time record reports are filed in the "Accounting" file tab. Recall that federal income tax withholding amounts were listed earlier with employee pay rate increases. December Received the 11-inch tablets ordered on Waren's purchase order No. 325 (Doc. No. 16) and vendor invoice No. 2423 (Doc. No. 18) from Chicago Office Supply. The tablets were received in new and undamaged condition and taken directly to the office. The estimated useful life is 5 years with no salvage value. 29 Received vendor invoice No. 72654 (Doc. No. 18) from University Athletic News for advertisements Waren ran during the Christmas season and immediately issued a check (Doc. No. 20) for payment in full. 29 Yes Purchase orders are not issued for services that Waren purchases. MONTH-END PROCEDURES After you have recorded all the transactions, go to page 12 of the Instructions, Flowcharts, and Ledgers book and complete all the month-end procedures. An additional month-end requirement for this project is: Prepare a monthly statement ((Doc. No. 15) for Branch College Monthly Statement- YEAR-END PROCEDURES - After completing all the month-end procedures, go to page 14 of the Instructions. Flowcharts, and Ledgers book and complete all the year-end procedures. Additional information for the year-end procedures is: A physical inventory was taken 1/1/18, before business began for the new year. Merchandise on hand cost $193,817.00 No Ending Inventory No Bad Debt Expense - The expense for bad debts is estimated at the end of the year as one-fifth of one percent 0.0020) of net sales. No Marketable SecuritiesAt December 31, 2017, the market value of marketable securities held by Waren approximated the cost of the securities. project is now complete. Good work! Review your materials to make certain everything is finalized. Complete the filing of documents, records, and working papers using the file tabs and the envelope in which the Aid is packaged. File all materials as indicated in the flowcharts Document No.3 PRICE LISTS CURRENT AS OF DECEMBER 1, 2017 VELOCITY SPORTING GOODS Description Selling Price $139.00 Premium aluminum bat Baseballs 12 game balls Fielding glove 60 lb. dry line marker $195,00 58.00 65.00 103.00 69.00 39.00 BA-445 27.00 Baseball equipment bag Ball bucket with seat - set of 3 Batting gloves - 1 pair Pitching machine BA-667 23.00 34.00 245.00 164.00 Set of bases 111.00 Basketball items: 25.00 35.00 94.00 95.00 10.00 26.00 Goal and rim set BB-358 B8-399 BB-431 B8-538 Basketball net Whistle and lanyard-set of 6 Basketball bag Portable inflation pump Trainer's first aid kit 125.00 98.00 16.00 38.00 69.00 107.00 Hip, tail, arm pad set Football helmet 89.00 39.00 125.00 58.00 80.00 FB-225 FB-513 Portable storage locker Kicking tees- set of 6 Football post pad Collapsible cones set of 8 Sideline repair kit Portable hand warmer 210.00 24.00 147,00 96.00 27.00 83.00 FB-874 124.00 37.00 CHICAGO OFFICE SUPPLY Item No. Description Laser printer toner cartridge Copier paper-box $124.75 39.95 Manilla file folders - box of 50 Flash drive-16G8 Legal pad box of 12 Correction tape- box of 6 Black ink pens- box of 12 Pencils box of 24 Business envelopes-box of 1000 11-inch tablet 146 GB rack server Ray Kramer