LIST OF ACCOUNTS

Pina Colada Corp.'s balance sheet at December 31, 2018, is presented below. Pina Colada Corp. Balance Sheet December 31, 2018 Cash $14,300 Accounts payable Accounts receivable 20,600 Common stock Allowance for doubtful accounts (700) Retained earnings Inventory 9,100 $43,300 $8.900 19,500 14,900 During January 2019, the following transactions occurred. Pina Colada uses the perpetual inventory method. Jan. 1 3 8 11 15 17 21 24 27 31 Pina Colada accepted a 4-month, 8% note from Merando Company in payment of Merando's $5,100 account. Pina Colada wrote off as uncollectible the accounts of Inwood Corporation (5500) and Goza Company ($100). Pina Colada purchased $16,700 of inventory on account. Pina Colada sold for $26,600 on account inventory that cost $17,600. Pina Colada sold inventory that cost $800 to Mark Lauber for $1,100. Lauber charged this amount on his Visa First Bank card. The service fee charged Pina Colada by First Bank is 3%. Pina Colada collected $20,200 from customers on account Pina Colada paid $16,400 on accounts payable. Pina Colada received payment in full ($100) from Gora Company on the account written off on January 3. Pina Colada purchased supplies for $1,400 cash. Pina Colada paid other operating expenses, $3,500. Adjustment data: 1. Interest is recorded for the month on the note from January 1. 2. Bad debts are expected to be 6% of the January 31, 2019, accounts receivable 3. A count of supplies on January 31, 2019, reveals that $500 remains unused. Accounts Payable Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense Buildings Cash Common Stock Cost of Goods Sold Income Summary Interest Receivable Interest Revenue Inventory Land Maintenance and Repairs Expense Notes Payable Notes Receivable Other Operating Expenses Prepaid Insurance Retained Earnings Sales Discounts Sales Returns and Allowances Sales Revenue Service Charge Expense Supplies Supplies Expense Date Account Titles and Explanation Debit Credit (To record sales revenues.) (To record cost of goods sold.) Jan. 15 (To record sales revenues and service charges.) (To record sales revenues and service charges.) (To record cost of goods sold.) (To reinstate the account previously written-off.) (To record the payment received.) (To record other operating expense.) (To record other operating expense.) 9 (1) (To record interest revenue.) (2) (To record bad debt expense.) (To record supplies expense.) Click if you would like to Show Work for this question: Open Show Work