Journal entries

Dated April 11, 2022 Memo #3 moveral boxes of supplies and inventory were damaged after a prolonged power failure. The following items were not usable and should be written off: Sterilized needles $120 Other supplies $80 Tattoo gun $250 30 tubes Ink - Permanent Colour accept cost price 20 tubes Ink - Temporary Colour accept cost price Allocate 100% of the cost of equipment and supplies to the Services division and 100% of the cost of imaged ink inventory to the Sales division. Create new General Ledger Group expense account 3210 Damaged Supplies and Equipment. (Hint: two journal entries are required.) Cash Receipt #358 Dated April 11, 2022 From Wanda Wonder, cheque #344 for $901.67 in payment of invoice #3110, taking into account 1% sales discount of $9.11 for early payment. Cash Receipt #359 Dated April 11, 2022 From Stan Stoner, cheque #2789 for $1 000 as deposit #107 in prepayment for tattoo work to be completed over several weeks