I need help completing the general journal which I highlighted in the picture. Thank you in advance.

JULI JU Cash Receipts Journal: December General Journal December, 2017 Debit Credit Date Post Credit Sales Disc. GL 30300 A/R GL 10200 Subs Aoct# Amount Other GL Amount 22-Dec Acct. No. 10300 10200 Debit 2900.00 Explanation Allowance for doubtful accounts Accounts Receivable Accoun Sales GL 3 0100 5891.00 CTRLI Post Acct # Post 2900.00 83.48 406 X 5306 NF NE NF NF 4174 1 7252 Cash GL 10200 5891.00 4090.52 5306 7106.96 825 60000 1622.88 10000 7855 145.04 Date Description 6-Dec Gates University 8-Dec Rosemont University 12-Dec Hancock College 14-Dec Clayborn University 14-Dec Atwood Brothers 18-Dec First American Bank 22-Decl Branch College 26-Dec E. Wisconsin University 26-Dec Andrews College 407 X 31-Dec 25.50 I 21000 60000 31-Dec 1465.07 33.12 408 1656 X 41000 10100 40600 20600 20400 20500 40400 10900 40800 To write off uncollectible Stevenson College Account - Approval RK Other Operating Expense Cash Payroll Tax Expense F.L.C.A Payable State Unemployment Taxes Payable Federal Unemployment Taxes Payable Depreciation Expense Accumulated Depreciation linterest Expense Sales Journal: December 31-Dec RK Monthly Totals 102697.36 261.64 23082.00 19052.00 31-Dec 60825.00 Payroll Journal: December Earnings Ueductions Payment Date Employee 15-Dec Ray Kramer Jim Adams Nancy Ford 31-Dec Ray Kramer lim Adams Nancy Ford Regular Hours Regular Pay 3500.00 88 1848 881496 3700 801 18001 801456 Overtime Overtime Gross Pay F.L.C.A. GL Hours Pay GL 40500 20600 3500.00 267.75 11. 6 365.4 2213.4 169.32 1. 2 3 0.6 1526.6 116.79 3700 283.05 731 246.38 2046.38 156.55 4 .7 128.31 1584.31 121. 2 Fed inc. Tax GL Net Pay GL Subs 20300 10100 Chk. No. Post Ref. 385.00 2847.25 1149 X 2 75 1769.08 1150 x 681 1341 81 1151 x 415 3001.95 1154 2 331 1656.831 1156 x 7 4 1389.11 1157 x Date Customer 1-Dec Rosemont University 7-Dec Clayborn University 8-Dec E. Wisconsin University 13-Dec Branch College 19-Dec Univ. of Southern Iowa 26-Dec E. Wisconsin University Monthly Totals Inv. Or Cr. Memo Number 727 728 729 730 731 CM42 Debit Credit Sales Subs Acct. Acct. Rec. Returns Sales GL No. Subs Post GL 10200 GL 30200 30100 406 X 4174.00 4174.00 407 X 7252.00 7252.00 410 X 21872.00 | 21872.00 408 X 1656.00 1656.00 409 x 18647.00 18647.00 410 x -3475.00 3475.00 50126.00 3475.00 53601.00 Monthly Totals 13800.00 770.69 14570.69 1114.66 1450.00 12006.03 Other GL Purchases Journal: December Debit Other GL Credit A/P-GL 20100 Purchase Ret. AC # 41000 Cash Disbursements Journal: December Credit Debit A/P GL 20100 Cash GL Purch Disc. GL Freight in 10100 30700 Subs. AC # Amount Post GL 30800 2575.00 7367.00 2531 7367 x 35392.70| 722.31 25236115 X 4800.00 1360.25 778.75 TTT778.75 3399.05 Amount 2575.00 Post X Vendor Invoice Purchases G/L 30500 36115.00 Acct # Amount Post GL 30600 40100 4800 410001 1360.25 Date Check No. Description 7-Dec 2/13/190 First Security Insurance 12-Dec 1141 Chicago Office Supply 13-Dec 1142 Velocity Sporting Goods 13-Dec 1143 Worldwide Management 13-Decl 11441 Board of Water and Light 13-Dec 1145 Interstate Motor Freight 14-Dec 1146 Internal Revenue Service x x 10800 Date Vendor 5-Dec Velocity Sporting Goods 12-Dec Chicago Office Supply 22-Dec Velocity Sporting Goods 26-Dec Chicago Office Supply 29-Dec Chicago Office Supply 7367 Sub Acct Amount 25236115.00 253 7 367.00 25213544.00 253 602.61 2531 3699.40 Post X X X X x 33965 2344 34719 2378 2423 L 13544 X x 40300 10800 602.61 3699.4 20300 1369.75 206002029.3 20500 10.3 20400 60.96 10.30 60.96 X 11669.011 61328.91 14-Dec 14-Decl 15-Dec 26-Dec 28-Dec 29-Dec 29-Dec 1147 Internal Revenue Service 1148 State of Illinois 1149-51 See Payroll Journal 1152 Interstate Motor Freight 1153 Velocity Sporting Goods 1155-57 See Payroll Journal 1154 University Athletic News 346.75 X 346.75 13273.120 2 70.88 252135441X 1 1470| L 40200 1470 X Monthly Totals 49659.00 122656.92 0.00 Monthly Totals 70833.88 993.18 57026.00 1125.50 13675.56 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. 11) 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. Yes 18 Ordered the following inventory on account from Velocity Sporting Goods, using purchase order No. 328 (Doc. No. 16). Units 120 Description Basketball pole pad Basketball bag Portable inflation pump Trainer's first aid kit 30 75 Vendor address: Freight carrier: Freight charges: Allowances: 1285 Colgrove Ave., Pierre, SD 57501 Interstate Motor Freight Collect (i.e., paid by Waren Sports Supply) None 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 Yes December No 20 18 Borrowed 560.000 from First American Bank and Trust by wing two years Doc. No 14) with a stated interest rate of 5. Check 545 Doc Ne ) for $60,000 was received from the bank and deposited Reviewed the terms and conditions of the note d Ray Krame as the borrower Increased employee Ny rules and employees changed their fodera income was witholding amounts, both effective December 16. There were no changes is filing status or withholding allowances New Federal Tacome Tax New Pay Rate Withholding Amt. Ray Kumer 53.700.00 semimoily Jim Adams $2250 per hour Nancy Ford $18.20 per hour Restrictively endorse means to write the following on the back of the check For deposit only War Sports Supply See chart, page 21. for recording and depositing Detch the bottom portion of the check and file in the Shipping aking file No congeries are necessary, you must update the pay whory File thee in the Shipping Baske Yes 19 Yes 22 Received customer where onder No. 37225 Do No. 4) in the mail from University of Southern Lowa (USD), prove their credit and thered the goods. All ordered were pred, except that only 56 shoulder palsts were able for shipment Received merchandise from Velocity Sporting Goods as lived on purchase ander 1:28. All merchandise lived on the purchase onder was delivered in good condition and is the quantities o rd, esceptaty 76 kehall pole pad diem No. B-019 were received. The goods were placed immediacy in the very warehouse Carrier & numbe Frechi charges Allied Trucking Carrier mmber 2154 FOB shipping point Billed to b e paid by USD Express Freight came in Mo Freight Freight No. 26435 D . No. 19. received with shipment Remember of the flowchart on page 2 You can't record purchase yet because theme has't been received Truck & driver Freight rate Shipment Truck 26XZ, John Arens $19.00 per 100 lbs 3 cartons/cal and rims 5 cronackboards 150 7 cariother pad 10 carbon football 40 carton carton 35 .carton 16 lbs. carton Yes 2 Hecend check Ne charge De No Strom lisch College for payment is full for depted the check No See flow changes 1 1 9 follow all step carefully . You will we everal down and record an mir in the sales an d the rivale sur layer for this rate For dance preparing the bill of lading we es 35-36 of the Reference 27 Received legal w ater lenon, Rebook and Marino, PC, nors law, the College Nedbankruptcy and will be able to pay any of its standing best supplies Write of the accounts adobe Remember that War Spor Supply in the Al Direct write-on for counting for haddett m erather than 20 Yes Received sales han No. Wisconsin University (EWU). There mailed to EWU 04 (De No. 12) in de mail from Eastern was arred and the knowledgment copy 26 Received all goods that Waren had horized Eastern Wisconsin University (EWU) DO return on EWU's No. 8034 for credit in the account balance Process and record the sales return now . Follow the flowchart steps on page 20 Yes 26 Received check No 1M Na ) for $10.000 from Easter Winconsin University in pintal payment of the remaining mat er sales return on charge invoice No. 729, and deposited the check . Da notare a deposit sy stil you dermine whether there are other cash receipts on the same day. December Yes 26 Received vendor invoice No. 34719 (Doc. No. 18) from Velocity Sporting Goods 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. Yes 26 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. Carrier & number: Interstate Motor Freight: Carrier number 62XY404 Freight charges: Collectie.. paid by Andrews College) Route: Direct Truck & driver: Truck 64. Brian Ward Freight rate: S19.00 per 100 lbs, Shipment: 5 cartons/basketballs @ 35 lbs./carton 2 cartons/hip, tail, arm pad sets @ 7 lbs./carton 4 cartons/footballs @ 19 lbs./carton Start with the flowchart on page 21. Yes 26 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 28 Issued check (Doc. No. 20) to Velocity Sporting Goods for payment in full of their invoice No. 34719 for goods received December 22. Consider the credit terms before making the payment. Yes 29 Printed and reviewed payroll time record reports (Doc. No. 21) for Ford and Adams for the time period ended December 31 and prepared the payroll for all three employees, including paychecks. 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 Yes 29 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 Yes 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. 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: Yes Monthly Statement - Prepare a monthly statement (Doe No. 15) for Eastern Wisconsin University. 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: No Ending Inventory - A physical inventory was taken 1/1/18, before business began for the new year. Merchandise on hand cost $191,967.00. No Bad Debt Expense- The expense for bad debts is estimated at the end of the year as one-fifth of one percent (0.002) of net sales. No Marketable Securities - At December 31, 2017, the market value of marketable securities held by Waren approximated the cost of the securities. The 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. JULI JU Cash Receipts Journal: December General Journal December, 2017 Debit Credit Date Post Credit Sales Disc. GL 30300 A/R GL 10200 Subs Aoct# Amount Other GL Amount 22-Dec Acct. No. 10300 10200 Debit 2900.00 Explanation Allowance for doubtful accounts Accounts Receivable Accoun Sales GL 3 0100 5891.00 CTRLI Post Acct # Post 2900.00 83.48 406 X 5306 NF NE NF NF 4174 1 7252 Cash GL 10200 5891.00 4090.52 5306 7106.96 825 60000 1622.88 10000 7855 145.04 Date Description 6-Dec Gates University 8-Dec Rosemont University 12-Dec Hancock College 14-Dec Clayborn University 14-Dec Atwood Brothers 18-Dec First American Bank 22-Decl Branch College 26-Dec E. Wisconsin University 26-Dec Andrews College 407 X 31-Dec 25.50 I 21000 60000 31-Dec 1465.07 33.12 408 1656 X 41000 10100 40600 20600 20400 20500 40400 10900 40800 To write off uncollectible Stevenson College Account - Approval RK Other Operating Expense Cash Payroll Tax Expense F.L.C.A Payable State Unemployment Taxes Payable Federal Unemployment Taxes Payable Depreciation Expense Accumulated Depreciation linterest Expense Sales Journal: December 31-Dec RK Monthly Totals 102697.36 261.64 23082.00 19052.00 31-Dec 60825.00 Payroll Journal: December Earnings Ueductions Payment Date Employee 15-Dec Ray Kramer Jim Adams Nancy Ford 31-Dec Ray Kramer lim Adams Nancy Ford Regular Hours Regular Pay 3500.00 88 1848 881496 3700 801 18001 801456 Overtime Overtime Gross Pay F.L.C.A. GL Hours Pay GL 40500 20600 3500.00 267.75 11. 6 365.4 2213.4 169.32 1. 2 3 0.6 1526.6 116.79 3700 283.05 731 246.38 2046.38 156.55 4 .7 128.31 1584.31 121. 2 Fed inc. Tax GL Net Pay GL Subs 20300 10100 Chk. No. Post Ref. 385.00 2847.25 1149 X 2 75 1769.08 1150 x 681 1341 81 1151 x 415 3001.95 1154 2 331 1656.831 1156 x 7 4 1389.11 1157 x Date Customer 1-Dec Rosemont University 7-Dec Clayborn University 8-Dec E. Wisconsin University 13-Dec Branch College 19-Dec Univ. of Southern Iowa 26-Dec E. Wisconsin University Monthly Totals Inv. Or Cr. Memo Number 727 728 729 730 731 CM42 Debit Credit Sales Subs Acct. Acct. Rec. Returns Sales GL No. Subs Post GL 10200 GL 30200 30100 406 X 4174.00 4174.00 407 X 7252.00 7252.00 410 X 21872.00 | 21872.00 408 X 1656.00 1656.00 409 x 18647.00 18647.00 410 x -3475.00 3475.00 50126.00 3475.00 53601.00 Monthly Totals 13800.00 770.69 14570.69 1114.66 1450.00 12006.03 Other GL Purchases Journal: December Debit Other GL Credit A/P-GL 20100 Purchase Ret. AC # 41000 Cash Disbursements Journal: December Credit Debit A/P GL 20100 Cash GL Purch Disc. GL Freight in 10100 30700 Subs. AC # Amount Post GL 30800 2575.00 7367.00 2531 7367 x 35392.70| 722.31 25236115 X 4800.00 1360.25 778.75 TTT778.75 3399.05 Amount 2575.00 Post X Vendor Invoice Purchases G/L 30500 36115.00 Acct # Amount Post GL 30600 40100 4800 410001 1360.25 Date Check No. Description 7-Dec 2/13/190 First Security Insurance 12-Dec 1141 Chicago Office Supply 13-Dec 1142 Velocity Sporting Goods 13-Dec 1143 Worldwide Management 13-Decl 11441 Board of Water and Light 13-Dec 1145 Interstate Motor Freight 14-Dec 1146 Internal Revenue Service x x 10800 Date Vendor 5-Dec Velocity Sporting Goods 12-Dec Chicago Office Supply 22-Dec Velocity Sporting Goods 26-Dec Chicago Office Supply 29-Dec Chicago Office Supply 7367 Sub Acct Amount 25236115.00 253 7 367.00 25213544.00 253 602.61 2531 3699.40 Post X X X X x 33965 2344 34719 2378 2423 L 13544 X x 40300 10800 602.61 3699.4 20300 1369.75 206002029.3 20500 10.3 20400 60.96 10.30 60.96 X 11669.011 61328.91 14-Dec 14-Decl 15-Dec 26-Dec 28-Dec 29-Dec 29-Dec 1147 Internal Revenue Service 1148 State of Illinois 1149-51 See Payroll Journal 1152 Interstate Motor Freight 1153 Velocity Sporting Goods 1155-57 See Payroll Journal 1154 University Athletic News 346.75 X 346.75 13273.120 2 70.88 252135441X 1 1470| L 40200 1470 X Monthly Totals 49659.00 122656.92 0.00 Monthly Totals 70833.88 993.18 57026.00 1125.50 13675.56 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. 11) 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. Yes 18 Ordered the following inventory on account from Velocity Sporting Goods, using purchase order No. 328 (Doc. No. 16). Units 120 Description Basketball pole pad Basketball bag Portable inflation pump Trainer's first aid kit 30 75 Vendor address: Freight carrier: Freight charges: Allowances: 1285 Colgrove Ave., Pierre, SD 57501 Interstate Motor Freight Collect (i.e., paid by Waren Sports Supply) None 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 Yes December No 20 18 Borrowed 560.000 from First American Bank and Trust by wing two years Doc. No 14) with a stated interest rate of 5. Check 545 Doc Ne ) for $60,000 was received from the bank and deposited Reviewed the terms and conditions of the note d Ray Krame as the borrower Increased employee Ny rules and employees changed their fodera income was witholding amounts, both effective December 16. There were no changes is filing status or withholding allowances New Federal Tacome Tax New Pay Rate Withholding Amt. Ray Kumer 53.700.00 semimoily Jim Adams $2250 per hour Nancy Ford $18.20 per hour Restrictively endorse means to write the following on the back of the check For deposit only War Sports Supply See chart, page 21. for recording and depositing Detch the bottom portion of the check and file in the Shipping aking file No congeries are necessary, you must update the pay whory File thee in the Shipping Baske Yes 19 Yes 22 Received customer where onder No. 37225 Do No. 4) in the mail from University of Southern Lowa (USD), prove their credit and thered the goods. All ordered were pred, except that only 56 shoulder palsts were able for shipment Received merchandise from Velocity Sporting Goods as lived on purchase ander 1:28. All merchandise lived on the purchase onder was delivered in good condition and is the quantities o rd, esceptaty 76 kehall pole pad diem No. B-019 were received. The goods were placed immediacy in the very warehouse Carrier & numbe Frechi charges Allied Trucking Carrier mmber 2154 FOB shipping point Billed to b e paid by USD Express Freight came in Mo Freight Freight No. 26435 D . No. 19. received with shipment Remember of the flowchart on page 2 You can't record purchase yet because theme has't been received Truck & driver Freight rate Shipment Truck 26XZ, John Arens $19.00 per 100 lbs 3 cartons/cal and rims 5 cronackboards 150 7 cariother pad 10 carbon football 40 carton carton 35 .carton 16 lbs. carton Yes 2 Hecend check Ne charge De No Strom lisch College for payment is full for depted the check No See flow changes 1 1 9 follow all step carefully . You will we everal down and record an mir in the sales an d the rivale sur layer for this rate For dance preparing the bill of lading we es 35-36 of the Reference 27 Received legal w ater lenon, Rebook and Marino, PC, nors law, the College Nedbankruptcy and will be able to pay any of its standing best supplies Write of the accounts adobe Remember that War Spor Supply in the Al Direct write-on for counting for haddett m erather than 20 Yes Received sales han No. Wisconsin University (EWU). There mailed to EWU 04 (De No. 12) in de mail from Eastern was arred and the knowledgment copy 26 Received all goods that Waren had horized Eastern Wisconsin University (EWU) DO return on EWU's No. 8034 for credit in the account balance Process and record the sales return now . Follow the flowchart steps on page 20 Yes 26 Received check No 1M Na ) for $10.000 from Easter Winconsin University in pintal payment of the remaining mat er sales return on charge invoice No. 729, and deposited the check . Da notare a deposit sy stil you dermine whether there are other cash receipts on the same day. December Yes 26 Received vendor invoice No. 34719 (Doc. No. 18) from Velocity Sporting Goods 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. Yes 26 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. Carrier & number: Interstate Motor Freight: Carrier number 62XY404 Freight charges: Collectie.. paid by Andrews College) Route: Direct Truck & driver: Truck 64. Brian Ward Freight rate: S19.00 per 100 lbs, Shipment: 5 cartons/basketballs @ 35 lbs./carton 2 cartons/hip, tail, arm pad sets @ 7 lbs./carton 4 cartons/footballs @ 19 lbs./carton Start with the flowchart on page 21. Yes 26 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 28 Issued check (Doc. No. 20) to Velocity Sporting Goods for payment in full of their invoice No. 34719 for goods received December 22. Consider the credit terms before making the payment. Yes 29 Printed and reviewed payroll time record reports (Doc. No. 21) for Ford and Adams for the time period ended December 31 and prepared the payroll for all three employees, including paychecks. 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 Yes 29 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 Yes 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. 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: Yes Monthly Statement - Prepare a monthly statement (Doe No. 15) for Eastern Wisconsin University. 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: No Ending Inventory - A physical inventory was taken 1/1/18, before business began for the new year. Merchandise on hand cost $191,967.00. No Bad Debt Expense- The expense for bad debts is estimated at the end of the year as one-fifth of one percent (0.002) of net sales. No Marketable Securities - At December 31, 2017, the market value of marketable securities held by Waren approximated the cost of the securities. The 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