Question
I need help recording the transactions into the general journal 3. Analyze the transaction for October and record each transaction in the general journal. use
I need help recording the transactions into the general journal
3. Analyze the transaction for October and record each transaction in the general journal. use 16 as the number for the first page.
October 1. Issued check 601 for $4,200 to pay City Properties the monthly rent.
October 1. Signed a three-month radio advertising contract with cable station KOTU for $4,800; issued check 602 to pay the full amount in advance.
October 2. Received $520 from Megan Greening, a credit customer, in payment of her account.
October 2. Issued check 603 for $17,820 to remit the sales tax owed for July through September to the state tax commission.
October 2. Issued check 604 for $7,673.40 to A Fashion Statement, a creditor. in payment of invoice 9387 [ $7,830] less a cash discount [$156.60].
October 3. Sold merchandise on credit for $2,480 plus sales tax of $124 to Dimitri Sayegh, sales slip 241.
October 4. Issued check 605 for $1050 to BMX Supply Co. For supplies.
October 4. Issued check 606 for $8,594.60 to Today's Women, a creditor, in payment of invoice 5671 [$8,770] less a cash discount [$175.40].
October 5. Collected $1,700 on account from Emily Tran, Creditor customer.
October 5. Accepted a return of merchandise from Dimitri Sayegh. The merchandise was originally sold on sales slip 241, dated october3; issued credit memorandum 18 for $630, which includes sales tax of $30.
October 5. Issued check 607 for $1,666 to Classy Threads, a creditor, in payment of invoice 3292 [$1,700], less a cash discount [$34}.
October 6. Had cash sales of $18,600 plus sales tax of $930 during October 1-6.
October 8. Received a check from James Helmer, a creditor customer, for $832 to pay the balance he owes.
October 8. Issued check 608 for $1,884 to deposit social security tax [$702] Medicare tax [$162], and federal income tax withholding [$1,020] from the September payroll. Record the check in the cash payment journal.
October 9. Sold merchandise on credit for $2,050 plus sales tax of $102.50 to Emma Maldonado, sales slip 242.
October 10. Issued check 609 for $1,445 to pay The City Daily for a newspaper advertisement that appeared in October.
October 11. Purchased merchandise for $4,820 from A Fashion Statement, invoice 9422, dated October 8; the terms are 2/10, n/30.
October 12. Issued check 610 for $375 to pay freight charges to Ace Freight Company, the tracking company that delivered merchandise from A Fashion Statement on September 27 and October 11.
October 13. Had cash sales of $12,300 plus sales tax of $615 during October 8-13.
October 15. Sold merchandise of credit for $1,940 plus sales tax of $97 to James Helmer, sales slip 243.
October 16. purchased discontinued merchandise from Acme Jobbers; paid for it immediately with check 611 for $6,420.
October 16. Received $510 on account from Dimitri Sayegh, a credit customer.
October 16. Issued check 612 for $4,723.60 to A Fashion Statement, a creditor, in payment of invoice 9422 {$4,820.00] less a cash discount [$96.40}
October 18. Issued check 613 for $7,200 to Teresa Lajay as a withdrawal for personal use.
October 20. Hold cash sales of $13,500 plus sales tax of $675 during October 15-20.
October 22. Issued check 614 to City Utilities for $1,112 to the monthly electric bill.
October 24. Sold merchandise on credit for $820 plus sales tax of $41 to Megan Greening, sales slip 244.
October 25. Purchased merchandise for $3,380 from Classy Threads, invoice 3418, dated October 23, the terms are 2/10, n/30.
October 26. Issued check 615 to Regional Telephone for $780 to pay the monthly telephone bill.
October 27. Had cash sales of $14,240 plus sales tax of $712 during October 22-27.
October 29. Received credit memorandum 175 for $430 from Classy Threads Inc. For defective goods that were returned. The original purchase was recorded on October 25.
October 29. Sold merchandise on credit for $3,120 plus sales tax of $156 to Emily Tran, sales slip 245.
October 29. Recorded the October payroll. The records prepared by the payroll service show the following totals: earnings, $10,800; social security, $702.00; Medicare, $162.00; income tax, $1,020; and net pay, $8,916. the excess withholding corrected an error made in withholdings in September.
October 29. Recorded the employer's payroll taxes, which were calculated by the payroll service: social security, $702; Medicare, $162; federal unemployment tax $118; and state unemployment tax, $584. this, too reflects an understatement of taxes recorded in September and corrected in this month.
October 30. Purchased merchandise for $4,020 from Today's Women, invoice 5821, dated October 26; the terms are 1/10, n/30.
October 31. Issued check 616 through 619, totaling $8,916.00, to employees to pay October payroll.
October 31. Issued check 620 for $475 to Handy Janitors for October Janitorial services.
October 31. Had cash sales of $1,700 plus sales tax of $85 for October 29-31.
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