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and Co 2021 Alan Worksheet.pdf Kodi_and_Co 2021 Alan Worksheet.pdf (26.5 KB) Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance and Statment of Owner's tulty De Greth Account Titles Debit Credit Debit Credit Debit Credit Debit Credi Kodi_and_Co 2021 Alan Handout.pdf (page 2 of 2) Q rough the end of April Kodi uses a perpetual system to account for inventory. The terms of all credit sales are 2/10,n/30 airing your first month on the job, you record the following transactions: lay Issued choque #3410 to [YOUR LAST NAME) Management Co, in payment of the May rent. Charge 75% of the rent to Rent Expense - Selling Space and the balance to Rent Expense - Office Space. Total amount of the cheque is: $4,812.00 May 2 Issued cheque #3411 to Village of Kipp for water & sewer charges, total is 485.00 May 2 Sold merchandise on credit to the Chinook Tractor Company, invoice 8785. The total retail price for the merchandise is $4,000.00 The wholesale cost of the merchandise is $2,400.00 Kod and Co 2021 Alexis May 2 $1,500.00 $900.00 $2,500.00 May 4 demand a credit memorandum to Waterton Farms Inc. for merchandise we sold them on April 30 and which they returned for credit. The merchandise was returned to inventory The memorandum was for the amount of The wholesale cost of the returned merchandise is May 3 Received a cradit memorandum from Canola Products for merchandise purchased on April 29 and that we returned for credit this moming The amount of the return was Purchased the following items on credit from Taher Supply Co. with invoice dated May 4, terms 10 EOM - Merchandise for resale - Office Equipment - Office Supplies Received payment from Water Parts Inc. from the sale of April 30. May Tuod cheque 3412 to Canola Products to pay for the merchandise received on April 29 terms of the purchase had been 2/10 30) May 11 Received payment from Chinook Tractor Company for the May 2 sale $5,000.00 $1,400.00 $350.00 May 7 100% Kodi_and Co 2021 Alan Handout.pdl (page 2 of 2) 375 $900.00 May The memor. Ion The wholesale cost of the returned merchandise Received a credit memorandum from Canola Products for merchandise purchased on April 29 and that we returned for credit this moming The amount of the return whe 59.500.00 55,000.00 51,400.00 $350.00 5840.00 $22.500.00 $13,500.00 58,500.00 May Purchased the following items on credit from Taber Supply Co with invoice dated May 4, terms IO EOM - Merchandise for resale: - Office Equipment: Odlice Supplies May 7 Received payment from Waterton Farms Inc from the sale of April 30 May Issued chaque 3412 10 Canola Products to pay for the merchandise received on April 29 (terms of the purchase had been 2/10 1/30). May 11 Received payment from Chinook Tractor Company for the May 2 sale. May 12 Received a credit memorandum from Taber Supply Co. for defective office equipment received on May 10 and returned for credit. The amount of the return was May 15 Recorded the cash sales for the first half of the month The total retail price for the merchandise is The wholesale cost of the merchandise is May 17 Received merchandise and in invoice dated May 14, terms 2/10, 1/60, from The Kipp Corp. The amount of the invoice w May 22 Sold merchandise to Coaldale Services, invoice 1786. Term 2/10,n/60 The total retail price for the merchandises The wholesale cost of the merchandises May 26 Imed cheque W 3413 0 [YOUR FIRST NAME] Power Works in payment of the May clectric bil The amount of the bill was: May 29 The owner, Benny Kodink, withdrew money from the business for personal use using choque 3414. The amount of the withdrawal was May 30 Received payment from Condade Services for the May 22 sale. May 30 Made an electronic transfer to pay the monthly bunk loan payment May 30 Tused cheque #3416. payable to An Delivery Services for the following transaction shipping cost for incoming merchandise May 31 Recorded the cash sales for the second half of the month The total retail price for the merchandise The wholesale cost of the merchandise $4,500.00 $2,880.00 5360.00 $1.845.00 $2.500,00 $126.00 536,000.00 $21,600.00 ty w and Co 2021 Alan Worksheet.pdf Kodi_and_Co 2021 Alan Worksheet.pdf (26.5 KB) Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance and Statment of Owner's tulty De Greth Account Titles Debit Credit Debit Credit Debit Credit Debit Credi Kodi_and_Co 2021 Alan Handout.pdf (page 2 of 2) Q rough the end of April Kodi uses a perpetual system to account for inventory. The terms of all credit sales are 2/10,n/30 airing your first month on the job, you record the following transactions: lay Issued choque #3410 to [YOUR LAST NAME) Management Co, in payment of the May rent. Charge 75% of the rent to Rent Expense - Selling Space and the balance to Rent Expense - Office Space. Total amount of the cheque is: $4,812.00 May 2 Issued cheque #3411 to Village of Kipp for water & sewer charges, total is 485.00 May 2 Sold merchandise on credit to the Chinook Tractor Company, invoice 8785. The total retail price for the merchandise is $4,000.00 The wholesale cost of the merchandise is $2,400.00 Kod and Co 2021 Alexis May 2 $1,500.00 $900.00 $2,500.00 May 4 demand a credit memorandum to Waterton Farms Inc. for merchandise we sold them on April 30 and which they returned for credit. The merchandise was returned to inventory The memorandum was for the amount of The wholesale cost of the returned merchandise is May 3 Received a cradit memorandum from Canola Products for merchandise purchased on April 29 and that we returned for credit this moming The amount of the return was Purchased the following items on credit from Taher Supply Co. with invoice dated May 4, terms 10 EOM - Merchandise for resale - Office Equipment - Office Supplies Received payment from Water Parts Inc. from the sale of April 30. May Tuod cheque 3412 to Canola Products to pay for the merchandise received on April 29 terms of the purchase had been 2/10 30) May 11 Received payment from Chinook Tractor Company for the May 2 sale $5,000.00 $1,400.00 $350.00 May 7 100% Kodi_and Co 2021 Alan Handout.pdl (page 2 of 2) 375 $900.00 May The memor. Ion The wholesale cost of the returned merchandise Received a credit memorandum from Canola Products for merchandise purchased on April 29 and that we returned for credit this moming The amount of the return whe 59.500.00 55,000.00 51,400.00 $350.00 5840.00 $22.500.00 $13,500.00 58,500.00 May Purchased the following items on credit from Taber Supply Co with invoice dated May 4, terms IO EOM - Merchandise for resale: - Office Equipment: Odlice Supplies May 7 Received payment from Waterton Farms Inc from the sale of April 30 May Issued chaque 3412 10 Canola Products to pay for the merchandise received on April 29 (terms of the purchase had been 2/10 1/30). May 11 Received payment from Chinook Tractor Company for the May 2 sale. May 12 Received a credit memorandum from Taber Supply Co. for defective office equipment received on May 10 and returned for credit. The amount of the return was May 15 Recorded the cash sales for the first half of the month The total retail price for the merchandise is The wholesale cost of the merchandise is May 17 Received merchandise and in invoice dated May 14, terms 2/10, 1/60, from The Kipp Corp. The amount of the invoice w May 22 Sold merchandise to Coaldale Services, invoice 1786. Term 2/10,n/60 The total retail price for the merchandises The wholesale cost of the merchandises May 26 Imed cheque W 3413 0 [YOUR FIRST NAME] Power Works in payment of the May clectric bil The amount of the bill was: May 29 The owner, Benny Kodink, withdrew money from the business for personal use using choque 3414. The amount of the withdrawal was May 30 Received payment from Condade Services for the May 22 sale. May 30 Made an electronic transfer to pay the monthly bunk loan payment May 30 Tused cheque #3416. payable to An Delivery Services for the following transaction shipping cost for incoming merchandise May 31 Recorded the cash sales for the second half of the month The total retail price for the merchandise The wholesale cost of the merchandise $4,500.00 $2,880.00 5360.00 $1.845.00 $2.500,00 $126.00 536,000.00 $21,600.00 ty w
