Journalize the routine transactions described on the journal tab. you dont need to complete the PR secrion for this assigment. Use the account names on the adjusted trial balance sheet. Then update the adjusting trial balance sheet.

ABC Company Note: Therese correlation betwem the placement of the financiranteconlisted below and their placement in the General Journal Page 1 Description P.R Credit During the last month of the year the following transactions were completed: Dec 1 Paid rent for December, $7,500. Dec 3 Purchased merchands from Gast Company for $10,000 under terma 1/18, 1030, FOB Shipping Point Dec 4 Paid $500 cash for freight charges on purchase of Dec 3. Dec s Sold merchandise to Beaver company for $22,000 under credit terms 2/10, 80, FOB Shipping Paint The merchandise had a cost of 55,000 Dec 6 Purchased merchandise from Duck Company for $25,000, under terms com fret ne end of month Dec 8 Received $23,400 on tout from Warthog Company, no discount. This sale was made in November Dec After negotiations with Goal Company concerning problems with the merchandise whered on Dec 3. ABC Company received a credit credit memorandum from Goal Company granting an allowance of $3.000 Dee 10 Pald part time sales clerk $3,000 which included $2,000 of Sale Salaries Payable on December This entry will require the lines) Du 11 Beld merchandise an account to Cow company form 2/10, wo, Foe destination 320,000. The merchand so had a cost of $11,000 Dec 12 Paid 70 cash for wipping charges related to the Dee 11 sale to Cow Company Dec 13 Pald the amount to Goal Company for the Dee has less the allowance granted on Dec Dee 15 Received balance de from leaver Company for merchandise sold on Dee Des 16 Cow concerned merchandise from the Dee 11 sale that had to ABC Comary $1.500 de sold for 6.000. The merchandise was restored to inventory Dec 1 ceved amount due from Cow company for the Dee 11 satelse the sale return on Des 16 Dua Pald wertisinger for adering the last week of December, 1.750 De 24 Pald pr. me sales were for two weeke salary, 13.000 De Purchased on court, De Puld Campanya de from the Dee & At the end of December the following adjustment data were assemble Maria ofertorystermined that 12 of | Twerk | | | | Directions Journal Uradjusted Til Balance Adjusted Trial Balance Financial auments Body Dec 16 Cow company returned merchandise from the Dec 11 sale that had cost ABC Company $1.500 and been sold for $6,000. The merchandise was restored to inventory. Dec 21 Received amount due from Cow company for the Dec 11 sale less the sale return on Dec 16. Dec 23 Paid advertising peme for a wing the last week of December, $1,750. Dec 24 Pald parttime sales clark for two weeks salary, 53,000 Dec 27 Purchased office supplies on account. 5900 Dec 11 Pald Duck Company amount from the Dec purchase At the end of December the following adjustment data were assembled . After a physical count of inventory. It was determined that $127,200 inventory este at December 31 1% i espected to terande Estimated cost of Merchandise that will be returned in the next year is 7.300 d Insurance pred during the year, 32,600 ome se on hand te 1, 81,20 Depreciation for December is 31,100. ale cercare 1.300 furple and died salary of e Journal Unded Trillance Adjusted Trial Balance Financial Statements + Bay ABC Company Unadjusted Trial Balance December 31, 20xx Credit Debit 58,050 1,000 30,000 52,430 128,750 500 8,740 2,150 60 150 Cash Petty Cash Notes Receivable Accounts Receivable Merchandise Inventory Estimated Retums Inventory Prepaid Insurance Office Supplies Delivery Equipment Accumulated Depreciation-Delivery Equipment Accounts Payable Salaries Payable Customer Refunds Payable R.W. Miller, Capital R.W. Miller, Drawing Sales interest Revenue Cost of Merchandise Sold Sales Salaries Expense Rent Expense Delivery Expense Deprecation Expense-Delivery Equipment Advertising Expense Miscellaneous Selling Expense Office Salaries Expense Insurance Expense Office Supplies Expense Miscellaneous Administrative Expense Interest Expense 22,950 65,000 0 3,120 193,870 30,000 B 9 20 21 22 23 24 25 26 27 28 20 30 31 32 33 34 35 38 1,057,860 1,650 659,070 92.330 62,500 39,510 7,630 13,780 5,090 52.300 15,280 8,700 14,490 2,000 1,344,450 Total 1,344,450 30 40 41 Directions Journal Unadjusted The Balance Adjusted Trial Balance Financial Statement Credit ABC Company Adjusted Trial Balance December 31, 20xx Debit Cash 58,050 Petty Cash 1,000 Notes Receivable 30,000 Accounts Receivable 52,430 Merchandise Inventory 127,200 Estimated Returns Inventory 8,000 Prepaid Insurance 5,940 Office Supplies 1,250 Delivery Equipment 60,150 Accumulated Depreciation-Delivery Equipment Accounts Payable Salaries Payable Customer Refunds Payable R.W. Miller, Capital R.W. Miller, Drawing 30,000 Sales Interest Revenue Cost of Merchandise Sold 653,120 Sales Salaries Expense 93,830 Rent Expense 62,500 Delivery Expense 39,510 Deprecation Expense-Delivery Equipment 8,730 28 Advertising Expense 13,780 29 Miscellaneous Selling Expense 5,090 30 # Office Salaries Expense 52,300 31 #Insurance Expense 18,080 32 Office Supplies Expense 9,600 33 Miscellaneous Administrative Expense 14,490 34 Interest Expense 2,000 35 Total 1,347,050 - ABC Company considers these items "Selling Expenses." #ABC Company considers these items "Administrative Expenses 24,050 65,000 1,500 13,699 193,870 1,047,281 1,650 5 5 1,347,050 40 Ounctions Journal Uradjusted Trial Balance Adjusted Trial Balance Financial Statements ABC Company Note: Therese correlation betwem the placement of the financiranteconlisted below and their placement in the General Journal Page 1 Description P.R Credit During the last month of the year the following transactions were completed: Dec 1 Paid rent for December, $7,500. Dec 3 Purchased merchands from Gast Company for $10,000 under terma 1/18, 1030, FOB Shipping Point Dec 4 Paid $500 cash for freight charges on purchase of Dec 3. Dec s Sold merchandise to Beaver company for $22,000 under credit terms 2/10, 80, FOB Shipping Paint The merchandise had a cost of 55,000 Dec 6 Purchased merchandise from Duck Company for $25,000, under terms com fret ne end of month Dec 8 Received $23,400 on tout from Warthog Company, no discount. This sale was made in November Dec After negotiations with Goal Company concerning problems with the merchandise whered on Dec 3. ABC Company received a credit credit memorandum from Goal Company granting an allowance of $3.000 Dee 10 Pald part time sales clerk $3,000 which included $2,000 of Sale Salaries Payable on December This entry will require the lines) Du 11 Beld merchandise an account to Cow company form 2/10, wo, Foe destination 320,000. The merchand so had a cost of $11,000 Dec 12 Paid 70 cash for wipping charges related to the Dee 11 sale to Cow Company Dec 13 Pald the amount to Goal Company for the Dee has less the allowance granted on Dec Dee 15 Received balance de from leaver Company for merchandise sold on Dee Des 16 Cow concerned merchandise from the Dee 11 sale that had to ABC Comary $1.500 de sold for 6.000. The merchandise was restored to inventory Dec 1 ceved amount due from Cow company for the Dee 11 satelse the sale return on Des 16 Dua Pald wertisinger for adering the last week of December, 1.750 De 24 Pald pr. me sales were for two weeke salary, 13.000 De Purchased on court, De Puld Campanya de from the Dee & At the end of December the following adjustment data were assemble Maria ofertorystermined that 12 of | Twerk | | | | Directions Journal Uradjusted Til Balance Adjusted Trial Balance Financial auments Body Dec 16 Cow company returned merchandise from the Dec 11 sale that had cost ABC Company $1.500 and been sold for $6,000. The merchandise was restored to inventory. Dec 21 Received amount due from Cow company for the Dec 11 sale less the sale return on Dec 16. Dec 23 Paid advertising peme for a wing the last week of December, $1,750. Dec 24 Pald parttime sales clark for two weeks salary, 53,000 Dec 27 Purchased office supplies on account. 5900 Dec 11 Pald Duck Company amount from the Dec purchase At the end of December the following adjustment data were assembled . After a physical count of inventory. It was determined that $127,200 inventory este at December 31 1% i espected to terande Estimated cost of Merchandise that will be returned in the next year is 7.300 d Insurance pred during the year, 32,600 ome se on hand te 1, 81,20 Depreciation for December is 31,100. ale cercare 1.300 furple and died salary of e Journal Unded Trillance Adjusted Trial Balance Financial Statements + Bay ABC Company Unadjusted Trial Balance December 31, 20xx Credit Debit 58,050 1,000 30,000 52,430 128,750 500 8,740 2,150 60 150 Cash Petty Cash Notes Receivable Accounts Receivable Merchandise Inventory Estimated Retums Inventory Prepaid Insurance Office Supplies Delivery Equipment Accumulated Depreciation-Delivery Equipment Accounts Payable Salaries Payable Customer Refunds Payable R.W. Miller, Capital R.W. Miller, Drawing Sales interest Revenue Cost of Merchandise Sold Sales Salaries Expense Rent Expense Delivery Expense Deprecation Expense-Delivery Equipment Advertising Expense Miscellaneous Selling Expense Office Salaries Expense Insurance Expense Office Supplies Expense Miscellaneous Administrative Expense Interest Expense 22,950 65,000 0 3,120 193,870 30,000 B 9 20 21 22 23 24 25 26 27 28 20 30 31 32 33 34 35 38 1,057,860 1,650 659,070 92.330 62,500 39,510 7,630 13,780 5,090 52.300 15,280 8,700 14,490 2,000 1,344,450 Total 1,344,450 30 40 41 Directions Journal Unadjusted The Balance Adjusted Trial Balance Financial Statement Credit ABC Company Adjusted Trial Balance December 31, 20xx Debit Cash 58,050 Petty Cash 1,000 Notes Receivable 30,000 Accounts Receivable 52,430 Merchandise Inventory 127,200 Estimated Returns Inventory 8,000 Prepaid Insurance 5,940 Office Supplies 1,250 Delivery Equipment 60,150 Accumulated Depreciation-Delivery Equipment Accounts Payable Salaries Payable Customer Refunds Payable R.W. Miller, Capital R.W. Miller, Drawing 30,000 Sales Interest Revenue Cost of Merchandise Sold 653,120 Sales Salaries Expense 93,830 Rent Expense 62,500 Delivery Expense 39,510 Deprecation Expense-Delivery Equipment 8,730 28 Advertising Expense 13,780 29 Miscellaneous Selling Expense 5,090 30 # Office Salaries Expense 52,300 31 #Insurance Expense 18,080 32 Office Supplies Expense 9,600 33 Miscellaneous Administrative Expense 14,490 34 Interest Expense 2,000 35 Total 1,347,050 - ABC Company considers these items "Selling Expenses." #ABC Company considers these items "Administrative Expenses 24,050 65,000 1,500 13,699 193,870 1,047,281 1,650 5 5 1,347,050 40 Ounctions Journal Uradjusted Trial Balance Adjusted Trial Balance Financial Statements