It is March 1, 2015, the first business day of the month, and you have just been hired as the accountant for Bentley Inc., which operates with monthly accounting periods. For simplicity, ignore all sales tax considerations and assume that Bentley Inc. sells one product. All of the company's accounting work has been completed through the end of February, 2015. Bentley Inc.'s year end is March 31. The post-closing alphabetized trial balance at February 28, 2015 follows.

¹See the Accounts Receivable Subledger below for details regarding customer balances. ²See the Accounts Payable Subledger below for details regarding creditor balances. ³There are an unlimited number of shares authorized with 10,000 shares issued and outstanding as at February 28, 2015. ⁴This is a 9% note due February 15, 2018 with interest collectible on the 15th of each month. Refer to the collection schedule below for the note details. Values in schedule have been rounded for convenience. ⁵See the Merchandise Inventory Subledger below for details of inventory holdings. ⁶The balance in Prepaid Advertising represents payment for 4 months starting March 1, 2015. ⁷See the Property, Plant and Equipment Subledger below for detailed information.

You have determined that Bentley Inc. uses the moving weighted average cost flow assumption under a perpetual system to account for merchandise inventory and that the terms of all credit sales are 2/10, n/30. Merchandise sells for $200 per unit. The following source documents are from March :

Dylex Corporation 8105 35 Avenue Winnipeg, Manitoba D4Y 2E4

Date:	March 10, 2015
Invoice No.:	1296
Credit Terms:	n/15

Customer: Bentley Inc. 13859 61 Street Toronto, Ontario U5O 5Q3

Rep:	Shawna Cameron
PO No.:	Verbal

Qty	Description	Unit Price	Total
5	Office furniture Estimated useful life : 5 years. Estimated residual value : N.A; will be donated to charity. (use the straight-line method calculated to the nearest whole month when depreciating this asset.)	$2,100	$10,500
		Sub-Total:	$10,500
		Freight:	0
		Total:	$10,500

Dylex Corporation 8105 35 Avenue Winnipeg, Manitoba D4Y 2E4

Date:	March 11, 2015
Original Invoice No.:	1296

Customer: Bentley Inc. 13859 61 Street Toronto, Ontario U5O 5Q3

Qty	Description	Unit Price	Total
1	Office furniture returned due to defects.	$2,100	$2,100
		Total:	$2,100

Posting: Posting from the general journal into the subledgers is required. Posting in the general ledger is not required. The subledgers used in this case study are Accounts Receivable (AR), Accounts Payable (AP), Merchandise Inventory(MI), and Property, Plant and Equipment (PPE). The subledgers can be found below. Transactions affecting the subledgers must be posted by using the subledger abbreviations AR, AP, MI, and PPE in the folio (F) column. For transactions that do not affect one of these subledgers, leave the F column blank. The posting reference to be used in the subledgers will be the abbreviation for the general journal (GJ1 or GJ2 as appropriate).

The question was it is March 1, 2015, the first business day of the month, and you have just been hired as the accountant for Bentley Inc., which operates with monthly accounting periods. For simplicity ignore at sale tax considerations and assume that Bentley Inc. sells one product. All of the company's accounting work has been completed through the end of February 2016 Bentay Inc.'s year and in March 31 The post-closing alphabetized trial balance at February 28, 2015 follows. Bentley Inc. Post Closing Trai Balance February 28, 2015 Accounts receivable Accounts payable ? Acoumulated depreciation, store equipment Allowance for doubtful counts Com Corrmon shares Interest receivable Merchandise inventory Notes receivable Prepaid advertising Retained earning Store equipment Utilities payable Totals Debt Croat 170,300 440.000 31.652 20,436 1.126.635 45.000 300 1.440.000 30.000 21.500 2.320.147 41.000 22.500 2.870.735 2.879.735 See the Accounts Receivable Subledger below for details regarding customer balances See the Accounts Payable Sutledpat below for detais regarding creditor balances There are an unlimited number of shares authorized with 10.000 shares issued and outstanding as February 28, 2015 This is a 9% note dun February 15, 2018 with interest collectible on the 15th of each month. Refer to the collection schedule below for the note details. Valves in schedule have been rounded for convenience See the Merchandise Inventory Subloger below for detalo Inventory holdings The balance in Prepaid Advertising represents payment for 4 months starting March 1, 2015 See the Property. Plant and Equipment Subledger below for detailed information You have determined that Bentley Inc. uses the moving weighted average cost fow assumption under a perpetual symto scours for merchandise inventory and that the terms of all credit sales are 2/10, 1/30. Merchandise sels for $200 per unit The following source documents are from March was the me ww44 Het Dp Desi - we Orar Ciano name warme en Wer Mom 34 w 100 De Marie - 15 Office 2 For all parts of the Case Study, round all calculations to two decimal places unless otherwise specified Property, Plant and Equipment Subledger Cost Information Depreciation Desc F Purch. Date Depr. Method Cost Residual Life Accum. Depr. Bal, Dept. Exp. March, Accum. Depe. Bal. February 28, 2015 2015 March 31, 2015 Store Equipment BFWD Apr 5, 2012 Double-Declining 41,000 7.000 5 31,652 10.551 710 Office Furniture FFE Mar 10, 2015 Straight-Line 10.500 0 5 2.100 ? Notes: 1. Calculated to the nearest whole month for partial periods. 2. For Double-Declining-Balance, depreciation is calculated for the fiscal year and then divided by the number of months the asset was used in that fiscal year to get the depreciation per month Round final values to the nearest whole dollar It is March 1, 2015, the first business day of the month, and you have just been hired as the accountant for Bentley Inc., which operates with monthly accounting periods. For simplicity, ignore al sales tax considerations and assume that Bentley Inc. sales one product. All of the company's accounting work has been completed through the end of February 2018. Bandey Inc.'s year end is March 31, The post closing alphabetized trial balance at February 28, 2015 follows. Bentley in Post-Closing Trial Balance February 28, 2015 Debit Crede 170,300 440.000 31,652 20,436 1See the Accounts Receivable Subledger below for details regarding customer balances. See the Accounts Payable Subledger below for details regarding creditor balances There are an unlimited number of shares authorised with 10,000 shares issued and outstanding as at February 28, 2015 This is a 9% note due February 15, 2018 with interest collectible on the 15th of each month. Refer to the collection schedule below for the nate details. Values in schedule have boon rounded for convenience See the Merchandise inventory Subledger below for details of inventory holdings The balance in Prepaid Advertising represents payment for 4 months starting March 1, 2015 See the Property, Plans and Equipment Subledger below for detailed information 1.126,635 45,000 Accounts receivable Accounts payable? Accumulated depreciation, store equipment Allowance for doubtful accounts Cash Common shares Interest receivable Merchandise inventory 3 Notes receivable Prepaid advertising Retained earnings Store equipment Unities payable Totals 300 1440,000 80,000 21.500 2.320,147 41,000 22,500 2.979.735 2,879.736 You have determined that Bentley Inc uses the moving weighted average cost fow assumption under a perpetual system to account for merchandise itventory and at the terms of all credit sales are 2/10, 1/30. Merchandise sells for $200 per unit The following source documents are from March F Property, Plant and Equipment Subledger Cost Information Depreciation Desc Purch. Date Depr. Method Cost Residual Life Accum. Depr. Bal.. Depr. Exp. March, Accum. Depr. Bal., February 28, 2015 2015 March 31, 2015 Store Equipment BFWD Apr 5, 2012 Double-Declining 41,000 7,000 31,652 Office Furniture OF Mar 10, 2015 Straight-Line 0 5 ? ? Notes: 1. Calculated to the nearest whole month for partial periods 2. For Double-Declining-Balance, depreciation is calculated for the fiscal year and then divided by the number of months the asset was used in that fiscal year to get the depreciation per month. Round final values to the nearest whole dollar, The question was it is March 1, 2015, the first business day of the month, and you have just been hired as the accountant for Bentley Inc., which operates with monthly accounting periods. For simplicity ignore at sale tax considerations and assume that Bentley Inc. sells one product. All of the company's accounting work has been completed through the end of February 2016 Bentay Inc.'s year and in March 31 The post-closing alphabetized trial balance at February 28, 2015 follows. Bentley Inc. Post Closing Trai Balance February 28, 2015 Accounts receivable Accounts payable ? Acoumulated depreciation, store equipment Allowance for doubtful counts Com Corrmon shares Interest receivable Merchandise inventory Notes receivable Prepaid advertising Retained earning Store equipment Utilities payable Totals Debt Croat 170,300 440.000 31.652 20,436 1.126.635 45.000 300 1.440.000 30.000 21.500 2.320.147 41.000 22.500 2.870.735 2.879.735 See the Accounts Receivable Subledger below for details regarding customer balances See the Accounts Payable Sutledpat below for detais regarding creditor balances There are an unlimited number of shares authorized with 10.000 shares issued and outstanding as February 28, 2015 This is a 9% note dun February 15, 2018 with interest collectible on the 15th of each month. Refer to the collection schedule below for the note details. Valves in schedule have been rounded for convenience See the Merchandise Inventory Subloger below for detalo Inventory holdings The balance in Prepaid Advertising represents payment for 4 months starting March 1, 2015 See the Property. Plant and Equipment Subledger below for detailed information You have determined that Bentley Inc. uses the moving weighted average cost fow assumption under a perpetual symto scours for merchandise inventory and that the terms of all credit sales are 2/10, 1/30. Merchandise sels for $200 per unit The following source documents are from March was the me ww44 Het Dp Desi - we Orar Ciano name warme en Wer Mom 34 w 100 De Marie - 15 Office 2 For all parts of the Case Study, round all calculations to two decimal places unless otherwise specified Property, Plant and Equipment Subledger Cost Information Depreciation Desc F Purch. Date Depr. Method Cost Residual Life Accum. Depr. Bal, Dept. Exp. March, Accum. Depe. Bal. February 28, 2015 2015 March 31, 2015 Store Equipment BFWD Apr 5, 2012 Double-Declining 41,000 7.000 5 31,652 10.551 710 Office Furniture FFE Mar 10, 2015 Straight-Line 10.500 0 5 2.100 ? Notes: 1. Calculated to the nearest whole month for partial periods. 2. For Double-Declining-Balance, depreciation is calculated for the fiscal year and then divided by the number of months the asset was used in that fiscal year to get the depreciation per month Round final values to the nearest whole dollar It is March 1, 2015, the first business day of the month, and you have just been hired as the accountant for Bentley Inc., which operates with monthly accounting periods. For simplicity, ignore al sales tax considerations and assume that Bentley Inc. sales one product. All of the company's accounting work has been completed through the end of February 2018. Bandey Inc.'s year end is March 31, The post closing alphabetized trial balance at February 28, 2015 follows. Bentley in Post-Closing Trial Balance February 28, 2015 Debit Crede 170,300 440.000 31,652 20,436 1See the Accounts Receivable Subledger below for details regarding customer balances. See the Accounts Payable Subledger below for details regarding creditor balances There are an unlimited number of shares authorised with 10,000 shares issued and outstanding as at February 28, 2015 This is a 9% note due February 15, 2018 with interest collectible on the 15th of each month. Refer to the collection schedule below for the nate details. Values in schedule have boon rounded for convenience See the Merchandise inventory Subledger below for details of inventory holdings The balance in Prepaid Advertising represents payment for 4 months starting March 1, 2015 See the Property, Plans and Equipment Subledger below for detailed information 1.126,635 45,000 Accounts receivable Accounts payable? Accumulated depreciation, store equipment Allowance for doubtful accounts Cash Common shares Interest receivable Merchandise inventory 3 Notes receivable Prepaid advertising Retained earnings Store equipment Unities payable Totals 300 1440,000 80,000 21.500 2.320,147 41,000 22,500 2.979.735 2,879.736 You have determined that Bentley Inc uses the moving weighted average cost fow assumption under a perpetual system to account for merchandise itventory and at the terms of all credit sales are 2/10, 1/30. Merchandise sells for $200 per unit The following source documents are from March F Property, Plant and Equipment Subledger Cost Information Depreciation Desc Purch. Date Depr. Method Cost Residual Life Accum. Depr. Bal.. Depr. Exp. March, Accum. Depr. Bal., February 28, 2015 2015 March 31, 2015 Store Equipment BFWD Apr 5, 2012 Double-Declining 41,000 7,000 31,652 Office Furniture OF Mar 10, 2015 Straight-Line 0 5 ? ? Notes: 1. Calculated to the nearest whole month for partial periods 2. For Double-Declining-Balance, depreciation is calculated for the fiscal year and then divided by the number of months the asset was used in that fiscal year to get the depreciation per month. Round final values to the nearest whole dollar