Journal entry worksheet 1 2 3 4 5 6 7 8 15 > Purchased 400 coasters on account from the regular supplier on 12/1 at a unit ost of $0.52, with terms of n/60. Record the transaction. Note: Enter debits before credits Date General Journal Debit Credit Dec 01 Record entry Clear entry View general Journal Preu 6 NAY Journal entry worksheet Purchased 1,000 coasters on account from the regular supplier on 12/2 at a unit cost of $0.55, with terms of n/60. Record the transaction. Note: Enter debits before credits Date General Journal Debit Credit Dec 02 Record entry Clear entry View general Journal Journal entry worksheet 1 2 3 4 5 6 7 8 ... 15 To Sold 1,900 coasters on account on 12/3 at a unit price of $1.1. Record the transaction Note: Enter debits before credits Date General Journal Debit Credit Dec 03 Record entry Clear entry View general journal Journal entry worksheet View transaction list Jounal entry worksheet Collected $870 from customers on account on 12/4. Record the transaction. Note: Enter debits before credits Date General Journal Debit Credit Dec 04 Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 nces 2 3 4 5 6 7 8. 15 > Paid the supplier $1,310 cash on account on 12/18. Record the transaction. Note: Enter debits before credits Date Dec 18 General Journal Debit Credit Record entry Clear entry View general Journal Journal entry worksheet Journal entry worksheet 1 2 3 4 5 6 7 8 15 Loaded 90 coasters on a cargo ship on 12/31 to be delivered the following week to a customer in Kona, Hawail. The sale was made FOB destination with terms of n/60. Record the transaction. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal Journal entry worksheet 4 5 6 8 9 BE 15 > College Coasters has not yet recorded $190 of office expenses incurred in December on account. Record the transaction. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Norksheet 1 BER 5 6 7 8 9 10 . 15 > The company estimates that the equipment depreciates at a rate of $10 per month. One month of depreciation needs to be recorded. Record the transaction Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Tournal entry worksheet urnal entry worksheet Journal entry worksheet The company incurred $800 of income tax but has made no tax payments this year. Record the transaction. Note: Enter debit before credits General Journal Date Dec 31 Debit Credit Record entry Clear entry View general journal Journal entry worksheet Journal entry worksheet 1 1 8 9 10 11 12 13 14 15 The company did not declare dividends and there were no transactions involving common stock. Record the transaction. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal Cash Accounts Receivable Inventory Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Rent Expense Salaries and Wages Expense Depreciation Expense Income Tax Expense Office Expenses $ 8,400 1,920 450 600 850 90 1,440 200 0 5,500 2,500 15,519 8,630 1,100 1,800 90 1,400 The company buys coasters from one supplier. All amounts in Accounts Payable on December 1 are owed to that supplier The inventory on December 1 consisted of 900 coasters, all of which were purchased in a batch on July 10 at a unit cost of $0.50 College Coasters records its inventory using perpetual inventory accounts and the FIFO cost flow method During December the company entered into the following transactions. Some of these transactions are explained in greater detall below a Purchased 400 coasters on account from the regular supplier on 12/1 at a unit cost of $0.52, with terms of n/60. b. Purchased 1.000 coasters on account from the regular supplier on 12/2 at a unit cost of $0.55. with terms of n/60 c Sold 1.900 coasters on account on 12/3 at a unit price of $110 di collected $870 from customers on account on 12/4 e Paid the supplier $1,310 cash on account on 12/18 Paid employees $480 on 12/23 of which $260 related to work done in November and $220 was for wages up to December 22 g Loaded 90 coasters on a cargo ship on 12/31 to be delivered the following week to a customer in Kona. Hawan. The sale was made FOB destination with terms of n/60 Other relevant information includes the following at 12/31 h College Coasters has not yet recorded $190 of office expenses incurred in December on account The company estimates that the equipment depreciates at a rate of $10 per month. One month of depreciation needs to be recorded W Wages for the period from December 23-31 are $100 and will be paid on January 15 K. The $600 of Prepaid Rent relates to a six-month period ending on May 31 of next year. The company incurred $800 of income tax but has made no tax payments this year m. No shrinkage or damage was discovered when the inventory was counted on December 31 n The company did not declare dividends and there were no transactions involving common stock