KI SK SK3 Monday, March 3. Write the balance forward of S45,142.87 on check stub #1309. This was the checkbook balance at the end of February. Your checking account earned $138.23 interest for the month of February. You have not yet entered this amount in your checking account records. Make the entry on check stub W1309 in the deposit section Monday, March 3. Write check #1309 for the March mortgage payment: $1.755.00 to Allied Mortgage Company Monday, March 3. You receive two invoices from suppliers. You maintain an "invoices payable file, in which you file invoices by date to be paid. The first invoice is dated February 25, with terms of 2/15, 6/45. The second invoice is dated February 28, with terms of n/60. Both suppliers accept a postmark date as a payment date. You decide to file the first invoice under the last day of the discount period. What is the payment date for each invoice? Note: This is not a leap year. Payment date for Invoice 1 Payment date for Invoice 2 SK Tuesday, March 4. You look through your "invoices payable file" under the date March 4 and find that today is the day to pay the invoice shown below. Check the accuracy of the invoice. We will assume that the quantities are correct-in real life the quantities are verified against what was actually received. Write check #1310 to pay the correct amount, after any cash discount is deducted. Remember, the cash discount does not apply to shipping charges Some invoices contain mistakes. Correct the mistakes before issuing a check. BACKPACKS, ETC. 2005 Front Street Rangely, CO 81648 INVOICE NO. 129844 INVOICE DATE Feb 22, 20xx Shipped via: Fed Ex. Ground Buyer's PO#_05-182 Sold To: Rocky Mountain 4321 E Foothill St SLC, UT 84108 Terms 4/10. n/45 Description Unit Price Total Quantity 25 $ 210.75 Tent, Model 5284 Tent, Model 5890 $ 5,268.75 2,380.00 10 238.00 40 Backpack Stove, Model 44B 23.11 964.40 Total List Price $8,613.15 Less Trade Discount: 20% 1.722.63 Net Price $ 6,890.52 82.13 Plus Prepaid Shipping Total Including Shippings 6,972.65 K3 Tuesday, March 4. Another invoice, shown below, is due today. Check the accuracy of the invoice, then write check 1311 to pay the correct amount OUTDOOR GEAR 1812 Main Street Idaho Falls, ID 8:8404 INVOICE NO. 26387 INVOICE DATE Fch 12.20xx Shipped via: Trick Sold To: Buyer's POW_05-179 Rocky Mountain 4321 E Foothill St SLC, UT 84108 Terms 2/20. 1/60 Trade Discount Quantity Item Unit Price Total Net Price 20 Backpack, Mid-Size $ 121.25 $ 2,425.00 30% $ 1,697 50 10 Backpack, Deluxe 165.00 1.650.00 30% 1.155.00 40 Sleeping pads, 1.5 x 24 x 48 22.00 880.00 15/10/5 639.54 Total Net Price $ 3,492.04 Plus Prepaid Shipping 292.89 Total, including Shipping $ 3,784.93 6 Tuesday, March 4. Carla Crockett, the manager, says the company is about to start carrying a new product-a cold-weather sleeping bag. The company can buy the product from four suppliers. Carla asks you to determine which has the lowest net price. Determine the net price for each supplier, based on the following prices and trade discounts: Net Price Supplier 1 Price of $210.50 with a 25% trade discount Supplier 2 Price of $225 with a 20/10 series discount Supplier 3 Price of $242.75 with a 25/10/10 series discount Supplier 4 Price of $265 with a 30/15 series discount Tuesday, March 4. Carla shows you an invoice from a supplier. The invoice has terms of 5/30, n/60. Carla wonders if you would help her calculate the annual rate you pay the supplier if you fail to pay the invoice at the end of the discount period. Express the rate with 2 decimal places 7 Annual rate 8 Wednesday, March 5. Prepare a deposit slip for a deposit to the firm's checking account. Cash: $3,211.55; checks: $52.14: $2,942.88: 94.988.40; $7.110.00; and 51,366.25. Also enter the total amount on check stub #1312 as a deposit KI SK SK3 Monday, March 3. Write the balance forward of S45,142.87 on check stub #1309. This was the checkbook balance at the end of February. Your checking account earned $138.23 interest for the month of February. You have not yet entered this amount in your checking account records. Make the entry on check stub W1309 in the deposit section Monday, March 3. Write check #1309 for the March mortgage payment: $1.755.00 to Allied Mortgage Company Monday, March 3. You receive two invoices from suppliers. You maintain an "invoices payable file, in which you file invoices by date to be paid. The first invoice is dated February 25, with terms of 2/15, 6/45. The second invoice is dated February 28, with terms of n/60. Both suppliers accept a postmark date as a payment date. You decide to file the first invoice under the last day of the discount period. What is the payment date for each invoice? Note: This is not a leap year. Payment date for Invoice 1 Payment date for Invoice 2 SK Tuesday, March 4. You look through your "invoices payable file" under the date March 4 and find that today is the day to pay the invoice shown below. Check the accuracy of the invoice. We will assume that the quantities are correct-in real life the quantities are verified against what was actually received. Write check #1310 to pay the correct amount, after any cash discount is deducted. Remember, the cash discount does not apply to shipping charges Some invoices contain mistakes. Correct the mistakes before issuing a check. BACKPACKS, ETC. 2005 Front Street Rangely, CO 81648 INVOICE NO. 129844 INVOICE DATE Feb 22, 20xx Shipped via: Fed Ex. Ground Buyer's PO#_05-182 Sold To: Rocky Mountain 4321 E Foothill St SLC, UT 84108 Terms 4/10. n/45 Description Unit Price Total Quantity 25 $ 210.75 Tent, Model 5284 Tent, Model 5890 $ 5,268.75 2,380.00 10 238.00 40 Backpack Stove, Model 44B 23.11 964.40 Total List Price $8,613.15 Less Trade Discount: 20% 1.722.63 Net Price $ 6,890.52 82.13 Plus Prepaid Shipping Total Including Shippings 6,972.65 K3 Tuesday, March 4. Another invoice, shown below, is due today. Check the accuracy of the invoice, then write check 1311 to pay the correct amount OUTDOOR GEAR 1812 Main Street Idaho Falls, ID 8:8404 INVOICE NO. 26387 INVOICE DATE Fch 12.20xx Shipped via: Trick Sold To: Buyer's POW_05-179 Rocky Mountain 4321 E Foothill St SLC, UT 84108 Terms 2/20. 1/60 Trade Discount Quantity Item Unit Price Total Net Price 20 Backpack, Mid-Size $ 121.25 $ 2,425.00 30% $ 1,697 50 10 Backpack, Deluxe 165.00 1.650.00 30% 1.155.00 40 Sleeping pads, 1.5 x 24 x 48 22.00 880.00 15/10/5 639.54 Total Net Price $ 3,492.04 Plus Prepaid Shipping 292.89 Total, including Shipping $ 3,784.93 6 Tuesday, March 4. Carla Crockett, the manager, says the company is about to start carrying a new product-a cold-weather sleeping bag. The company can buy the product from four suppliers. Carla asks you to determine which has the lowest net price. Determine the net price for each supplier, based on the following prices and trade discounts: Net Price Supplier 1 Price of $210.50 with a 25% trade discount Supplier 2 Price of $225 with a 20/10 series discount Supplier 3 Price of $242.75 with a 25/10/10 series discount Supplier 4 Price of $265 with a 30/15 series discount Tuesday, March 4. Carla shows you an invoice from a supplier. The invoice has terms of 5/30, n/60. Carla wonders if you would help her calculate the annual rate you pay the supplier if you fail to pay the invoice at the end of the discount period. Express the rate with 2 decimal places 7 Annual rate 8 Wednesday, March 5. Prepare a deposit slip for a deposit to the firm's checking account. Cash: $3,211.55; checks: $52.14: $2,942.88: 94.988.40; $7.110.00; and 51,366.25. Also enter the total amount on check stub #1312 as a deposit