I went ahead and made the tables for these questions, to save time for you and hopefully someone will help with these three questions. Making the tables has to be at least 30% of the work. ;) Attached is a word document with the tables.

Chapter 5 Questions

Exercise 5-1

This information relates to Crisp Co. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

1.	On April 5, purchased merchandise from Frost Company for $26,200, terms 3/10, n/30.
2.	On April 6, paid freight costs of $690 on merchandise purchased from Frost.
3.	On April 7, purchased equipment on account for $33,100.
4.	On April 8, returned $4,600 of April 5 merchandise to Frost Company.
5.	On April 15, paid the amount due to Frost Company in full.

(a)	Prepare the journal entries to record the transactions listed above on Crisp Co.'s books. Crisp Co. uses a perpetual inventory system.
(b)	Assume that Crisp Co. paid the balance due to Frost Company on May 4 instead of April 15. Prepare the journal entry to record this payment.

(Part A)	Date	Account Titles & Explanation	Debit	Credit
(Part B)

Exercise 5-3

The following transactions are for Solarte Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

1.	On December 3, Solarte Company sold $471,800 of merchandise to Rooney Co., terms 3/10, n/30. The cost of the merchandise sold was $312,500.
2.	On December 8, Rooney Co. was granted an allowance of $25,300 for merchandise purchased on December 3.
3.	On December 13, Solarte Company received the balance due from Rooney Co.

(a)	Prepare the journal entries to record these transactions on the books of Solarte Company. Solarte uses a perpetual inventory system.
(b)	Assume that Solarte Company received the balance due from Rooney Co. on January 2 of the following year instead of December 13. Prepare the journal entry to record the receipt of payment on January 2.

(Part A)	Date	Account Titles & Explanation	Debit	Credit
(To Record Credit Sale)
Dec. 13
(Part B)

Problem 5-4A (Part Level Submission)

Lambert Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting business away from city areas. At the end of the company?s fiscal year on November 30, 2014, these accounts appeared in its adjusted trial balance.

Accounts Payable	$ 38,592
Accounts Receivable	24,768
Accumulated Depreciation?Equipment	97,920
Cash	11,520
Common Stock	50,400
Cost of Goods Sold	884,592
Freight-Out	8,928
Equipment	226,080
Depreciation Expense	19,440
Dividends	17,280
Gain on Disposal of Plant Assets	2,880
Income Tax Expense	14,400
Insurance Expense	12,960
Interest Expense	7,200
Inventory	37,728
Notes Payable	62,640
Prepaid Insurance	8,640
Advertising Expense	48,240
Rent Expense	48,960
Retained Earnings	20,448
Salaries and Wages Expense	168,480
Sales Revenue	1,301,760
Salaries and Wages Payable	8,640
Sales Returns and Allowances	28,800
Utilities Expense	15,264

Additional data: Notes payable are due in 2018.

(A1)

Prepare a multiple-step income statement. (List other revenues before other expenses.)

LAMBERT DEPARTMENT STORE
Income Statement
For the Year Ended November 30, 2014
	$
Add or Less		_
	_
	$
	_
		_
	_
	_
	$

Chapter 5 Questions I went ahead and made the tables for these questions, to save time for you and hopefully someone will help with these three questions. Making the tables has to be at least 30% of the work. ;) Exercise 5-1 This information relates to Crisp Co. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) 1 On April 5, purchased merchandise from Frost Company for $26,200, terms 3/10, n/30. . 2 On April 6, paid freight costs of $690 on merchandise purchased from Frost. . 3 On April 7, purchased equipment on account for $33,100. . 4 On April 8, returned $4,600 of April 5 merchandise to Frost Company. . 5 On April 15, paid the amount due to Frost Company in full. . (a ) (b ) Prepare the journal entries to record the transactions listed above on Crisp Co.'s books. Crisp Co. uses a perpetual inventory system. Assume that Crisp Co. paid the balance due to Frost Company on May 4 instead of April 15. Prepare the journal entry to record this payment. (Part A) Date Account Titles & Explanation Debit Credit (Part B) Exercise 5-3 The following transactions are for Solarte Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) 1 On December 3, Solarte Company sold $471,800 of merchandise to Rooney Co., terms 3/10, n/30. The cost of the . merchandise sold was $312,500. 2 On December 8, Rooney Co. was granted an allowance of $25,300 for merchandise purchased on December 3. . 3 . On December 13, Solarte Company received the balance due from Rooney Co. (a ) (b ) Prepare the journal entries to record these transactions on the books of Solarte Company. Solarte uses a perpetual inventory system. Assume that Solarte Company received the balance due from Rooney Co. on January 2 of the following year instead of December 13. Prepare the journal entry to record the receipt of payment on January 2. (Part A) Date Account Titles & Explanation Debit Credit (To Record Credit Sale) Dec. 13 (Part B) Problem 5-4A (Part Level Submission) Lambert Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting business away from city areas. At the end of the company's fiscal year on November 30, 2014, these accounts appeared in its adjusted trial balance. Accounts Payable $ 38,592 Accounts Receivable 24,768 Accumulated DepreciationEquipment 97,920 Cash 11,520 Common Stock 50,400 Cost of Goods Sold 884,592 Freight-Out 8,928 Equipment 226,080 Depreciation Expense 19,440 Dividends 17,280 Gain on Disposal of Plant Assets 2,880 Income Tax Expense 14,400 Insurance Expense 12,960 Interest Expense 7,200 Inventory 37,728 Notes Payable 62,640 Prepaid Insurance 8,640 Advertising Expense Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Salaries and Wages Payable Sales Returns and Allowances Utilities Expense Additional data: Notes payable are due in 2018. 48,240 48,960 20,448 168,480 1,301,760 8,640 28,800 15,264 (A1) Prepare a multiple-step income statement. (List other revenues before other expenses.) LAMBERT DEPARTMENT STORE Income Statement For the Year Ended November 30, 2014 Add or Less $ _ _ $ _ _ _ _ $