Instructions

Use the following TRANSACTIONS AND ADDITIONAL INFORMATION to complete theGeneral Journal,

Transactions

#1 Feb. 1: Signed a 12-month maintenance contract with Clean Stores, Inc. to clean the bookstore weekly. Paid $3,600 in advance

for 3 months of services.

#2 Feb 1: Purchased equipment costing $13,440. The company paid cash and anticipates no salvage value on the equipment.

#3 Feb 1: Purchased an 8-month advertising campaign to be broadcast on local radio stations. Paid $9,000 in advance

for this ad campaign.

#4 Feb 2: Paid employee salaries $13378 that were due as of January 31, 2019.

#5 Feb 3: The Bookstore made the following purchases:

(1) Purchased $12,500 worth of books for resale on account from Wholesale Books. The bill is payable within 30 days.

(2) Purchased $800 worth of supplies (shopping bags, cash register tape, etc) from Supply Company Inc. The Bookstore

paid cash for this purchase.

(3) Purchased concessions (snack products, coffee, energy drinks) from Snacks To Go. The total bill was $4,200. The

Bookstore paid one- half down and the balance is due within 45 days.

#6 Feb 4: Sold 5 gift certificates for $75 each. The total amount was received in cash.

#7 Feb 5: Provided 120 hours of tutoring services to students. The hourly charge was $36. All fees were billed to the customer's

accounts.

#8 Feb 7: During the first week of February the company reported book and gift sales as follows:

Books: Cost: $4,900 Gifts: Cost: $970

Sales Price: $11,600 Sales Price: $2,630

All book sales were made on credit. Gift sales were 40% cash sales, and 60% credit sales.

#9 Feb 7: During the first week of February the company reported concession sales as follows:

Concessions: Cost: $1,500

Sales Price: $3,100

All concession sales were cash sales.

#10 Feb 9: Received $1,700 from customers for payment of accounts.

#11 Feb 11: Gift certificates totaling $200 were redeemed for gift merchandise. The cost of the merchandise was $80.

#12 Feb. 12: Purchased 100 new paperback books for resale for $9 each. The company paid cash for this purchase.

#13 Feb. 13: The Bookstore paid $90 cash for a flower arrangement to decorate the entryway for Valentine's Day.

#14 Feb 14: The Bookstore signed a contract to hire a new employee. The terms included salary payments of $12,000 per year.

#15 Feb 15: During the second week of February the company reported book and gift sales as follows:

Books: Cost: $3,120 Gifts: Cost: $998

Sales Price: $7,050 Sales Price: $1,790

The company collected 30% of total sales in cash, the remainder of the sales were made on credit.

#16 Feb 15: During the second week of February the company reported concession sales as follows:

Concessions: Cost: $2,600

Sales Price: $4,040

All concession sales were cash sales.

#17 Feb 15: Paid employee wages of $11,200.

#18 Feb 17: Paid $18,800 on accounts payable.

#19 Feb 18: Purchased additional concessions for $2,975. The company paid 80% in cash and put the balance due on account.

#20 Feb 19: Sold 12 books to a local book club. The books were sold to each member for $35 cash. The books had been purchased

for resale for $18 each.

#21 Feb 20: Provided 140 hours of tutoring services to students. The hourly charge was $36. All fees were billed to the customer's

accounts.

#22 Feb 21: Collected $15,800 on customer accounts.

#23 Feb 21: During the third week of February the company reported book and gift sales as follows:

Books: Cost: $5,920 Gifts: Cost: $662

Sales Price: $9,086 Sales Price: $904

The company collected 40% of total sales in cash, the remainder of the sales were made on credit.