I need help in journalize these transactions:

Tuesday, December 13, 20XX

• Tuesday is the day to cut checks for payment of A/P accounts. You print out the Schedule of Accounts Payable and give it to Ian so he can decide which accounts to pay. You also write on the schedule the balance thats in the checking account based on the check register. Today, Ian would like you to pay the balances in the following accounts:
• Carols Wood Supplies (only the amount in the account as of the end of November)
• Woodworker Supplies
• Everything Wood (only the amount in the account as of the end of November)
• Wood Imaginations
• Beginning with Check No. 2271, write a check for each account in the correct amount, adjust the check register accordingly, and place the checks on Ians desk for his signature. When he returns the checks to you, youll mark the invoices as paid and mail a copy of the invoices with the checks to the vendors. (For purposes of this project, it has been assumed that you have the invoices making up the amounts in the accounts and that theyre correct even though you dont have the details for November 20XX.) Make the correct journal entries for payment of the accounts and post to the proper G/L and subsidiary accounts.
• Due to the excellent performance of the company this year, Ian has decided to give each employee (including himself) a bonus of $1,500.00. (You will also get a bonus even though you haven't been with the company for very long.) He has instructed you to issue a special payroll tomorrow. (A bonus amount is treated the same a gross pay amount.)
• Pete Schwab, a friend of Ians, stopped in the shop to see Ian. On his way out, Billie helped Pete load a dining room set into Petes truck. Ian presented you with a check (Form 20) in the amount of $9,155.75 from Pete as payment in full for the purchase of DRS-0009 Dining Room Set. The dining room set retails for $17,275.00; however, Ian gave Pete a 50% discount. Make a journal entry to record the sale (dont forget about the discount) and make a journal entry to remove the cost of the furniture from inventory and move it to COGS. Post the entries to the G/L.

Wednesday, December 14, 20XX

• Prepare the payroll for the holiday bonus. (Use the bi-weekly Federal Withholding Chart for FWT.) Write a check payable to each employee for their net pay, beginning with Check No. 2275, and complete the attached check register. Place the checks on Ians desk for his signature and distribution to the employees. Make and post the journal entry for the employees payroll. Make and post the journal entry to record the additional payroll expense to the employer for Social Security, Medicare, FUTA and SUTA.
• Received Check No. 149 (Form 21) in the amount of $125.00 for payment in full from Jim and Pearl Jones. Make the journal entry for receipt of the check and post to the proper G/L and subsidiary accounts.
• Clean-It-Rite cleaning service performed the monthly cleaning of the offices and shop. Ian paid the invoice (Form 22) with Check No. 2279 in the amount of $275.00. Make the journal entry as a miscellaneous expense and post the entry to the G/L.
• Delivered custom furniture for Janet Martinez on Job #133.

Thursday, December 15, 20XX

Tomorrow, Ian is treating all employees and their families to a holiday party. Therefore, daily work that would normally be done tomorrow will need to be completed today.

• Federal payroll withholding taxes need to be paid by the fifteenth of the month for the previous months withholdings. The federal withholding tax (commonly referred to as the 941 Tax) consists of the FWT withheld from the employees and FICA. Its submitted using Form 8109. FICA is made up of the Social Security and Medicare withholdings from the employees and the matching amounts from the employer. The amount to be paid is for the previous monthNovember 20XX. Look at the entries made in the G/L accounts to determine the amounts that need to be paid. (Dont just look at the balance in the accounts. If you assume the balance of the G/L account is the amount to be paid, youll be incorrect. Most likely, the balance includes a payroll entry for the current month along with the balance from the previous month. Once a mistake is made, it can take up to two years of going back and forth with the government to get the error corrected.)
• Complete Form 8109 (Form 23), writing in the amount of the deposit and the companys EIN number, which is 40-37462. (Form 8109 acts as a deposit slip for the tax. When you complete the form and write the check, youll take it to the bank to make the depositdeposit in this case meaning a withdrawal from your checking account and deposit into the governments account.) Color in the tilted oval next to 941 as the Type of Tax and the quarter that the tax period pertains to (November is in the fourth quarter). Write Check No. 2280, payable to U.S. Treasury, for the amount to be deposited. Be sure to write the EIN, type of tax, and tax period on the check. This deposit must be stamped by the fifteenth of the month. This is a high priority, since today is the fifteenth. Waiting until tomorrow will incur substantial penalties and interest.
• Make the bank deposit, including the checks and/or cash received during the week. Record the amount deposited in the Check Register. Total the amount in the check register.
• Pennsylvania Sales Tax is to be remitted to the state by the twentieth of every month in the amount collected for the previous monthin this case, November 20XX. Just as you did with remitting the federal payroll taxes for the previous month, you need to look at the entries in the G/L account and determine the total amount that was collected for the month of November. Complete the PA Dept. of Revenue Sales Tax Collection Bureau form (Form 24). Use it to make the journal entry and post the entry to the G/L. Payment of the sales tax will be done electronically through the governments Web site. In the checkbook, void Check No. 2281 and complete the check register showing the payment to the PA Dept. of RevenueETF for the amount of the remittance. (ETF stand for Electronic Transfer Funds.)
• Verify the posting of all of the journal entries to the G/L accounts and subsidiary accounts for the week. Verify that the amount on the check register is the balance in the G/L Cash account. Any discrepancies need to be corrected.

Friday, December 16, 20XX

The holiday party was wonderful. The only work required for the day is to reimburse Ian $187.50 for the receipts he provided you for having the party catered, out of petty cash.

• Create a petty cash voucher (Form 25) and make the entry to the Petty Cash Payments Record.
• Reimburse the petty cash by writing Check No. 2287 for the total amount of the receipts in the Petty Cash Payments Record, making the check payable to Cash. Journalize the entry from the Petty Cash Payments Record and post it to the G/L accounts. Cash the check at the FCU and replenish the cash in the petty cash box. The amount of cash in the box should be the imprest amount.

Tuesday, December 27, 20XX

• Print out the Schedule of Accounts Payable and give it to Ian so he can decide which accounts to pay. You also write on the schedule the balance thats in the checking account based on the check register. Ian has decided not to pay any of the A/P this week.
• Received Check No. 631 (Form 27) in the amount of $1,234.00 for payment in full from Elizabeth Dante. Make the journal entry for receipt of the check and post to the proper G/L and subsidiary accounts.
• Received Check No. 11304 (Form 28) in the amount of $350.00 for payment in full from The Antique Shoppe. Make the journal entry for receipt of the check and post to the proper G/L and subsidiary accounts.

Wednesday, December 28, 20XX

• Received Check No. 172 (Form 29) in the amount of $50.00 for payment in full from Andy Mellow. Make the journal entry for receipt of the check and post to the proper G/L and subsidiary accounts.
• Delivered the custom furniture to Wayne Shriver for Job #132 (Form 30). Received payment for the invoice (Form 31) with Check No. 10769 in the amount of $14,250.00. Since the down payment was already received and a journal entry already made to recognize that portion of the sale, make the journal entry for receipt of the check and post to the proper G/L accounts.
• Ian wishes to make a withdrawal from his capital account. He presents you with a memo (Form 32) for the withdrawal. You make Check No. 2288 payable to Ian Smith in the amount of $5,000.00 and use the memo to create and post the journal entry to the G/L.

Thursday, December 29, 20XX

• Liya Adams from Liya Designs stopped by the store to return an end table. The cost to make the custom-built end table was $150.00. This end table will be added to Merchandise Inventory as Item No. ETB-0012. Ian agreed to issue her a credit memorandum (Form 33) and she agreed that the credit could be put on her account. Make the journal entry for the credit memorandum and post to the proper G/L and subsidiary accounts.
• Note: This can be a difficult entry to make. You need to think through the transactions and the journal entries made to be able to come up with the correct journal entry. This is where using T-accounts as a tool helps. First, a sale was made that was on account. The cost of the materials for the custom-built furniture was paid for with a check and put against purchases to have the expenses match the revenues. These transactions occurred in November. The accounting period was closed and the profit transferred to the capital account. Then in December, the receivable was paid for with a check. Now the item is being returned and being entered into inventory. Instead of a check or cash, a credit to her account is being given.
• This is a two-step process:

1. Make a journal entry for the return of the item purchased.
2. Make a journal entry to add the item back into Merchandise Inventory.