Need help with these on the journal and ledger 
A B D E F G H H 1 J L M N O Q R S 6 Feb 1 B Tees R Us decided to establish a petty cash fund for the office. A cheque 113355 of $500 was issued and cashed Purchased merchandise fram Henley on ardunt, invoice 4425; 1100 units at $28 each. Terms of the purchase were 4/10, net 30, FOB Destination. The seller paid the shipping cost amounting to $55. Note: Update the inventory Valuation table after each purchase. 9 Feb 5 10 Sold mechandise on accout to Arrow, 800 units at $75 cach with invair #2341. The invoice terms were 3/10, net 30, FOB Destination. Note: Update the Inventory Valuation table after each sale. 11 12 Feb 7 13 14 15 Feb 9 16 17 18 19 Feb 12 20 21 22 23 Feb 15 24 25 Feb 15 26 27 Feb 17 28 Some of goods purchased from Henley were defective. Henley agreed to a 5% allowance on the total purchased Note: You will need to update the inventory Valuation table to reflect the allowance as it reduces the value of the inventory Paid total liability with a cheque #3356 to Henley for the February 5 purchase less the allowance from Feb. 9. Note: You will need to update the Merchandise Inventory account to reflect any discount for early payment to supplier The employees are paid bi-weekly. Paid the payroll for the first half of February, cheque #3357. Gross pay is $12,500, CPP is $638, El is $235 and income tax is $2,500. Use the general journal to record this. Record the employer's share of CPP (100%) and El (140%) of what was deducted from employees. Arrow paid invoice 2341 on time and took advantage of the early payment discount. 29 Feb 18 30 Feb 20 31 32 Feb 20 33 34 Feb 25 35 36 37 38 39 Feb 28 Bought inventory from Fabrica with cheque #3358, 1400 units at $30 per unit. Note: Update Inventary Valuation table to reflect purchase Sold 600 units on account at $90 each with invoice #2342 to Martin. The invoice term 3/10, net 30, FOB shipping point. Note: Update Inventory Valuation table. Received $3,200 from Columbia for a sale on account last month, The remaining balance of the petty cash account was $150. Total expenses incurred using the petty cash fund this month amounting to $345. In this amount, it includes the shipping cost incurred on Feb 7 in the amount of $55 and the other casts are for the office supplies expense. Prepare the entry to replenish the petty cash lund with ChaN3359 Made monthly bank loan payment of $1,076 which includes $930 principal and $146 interest. 40 Note: You need to debit the non-current portion of the bank loan for the principal payment. The current portion due will remain the same as the due date for the loan is greater than 12 months from balance sheet date. 41 42 Case Introduction Transactions & Instructions General Journal General Ledger Inventory Valuation Bank Reconciliation Worksheet Financial Statements + Ready G 11 120% A B D E F G H H 1 J L M N O Q R S 6 Feb 1 B Tees R Us decided to establish a petty cash fund for the office. A cheque 113355 of $500 was issued and cashed Purchased merchandise fram Henley on ardunt, invoice 4425; 1100 units at $28 each. Terms of the purchase were 4/10, net 30, FOB Destination. The seller paid the shipping cost amounting to $55. Note: Update the inventory Valuation table after each purchase. 9 Feb 5 10 Sold mechandise on accout to Arrow, 800 units at $75 cach with invair #2341. The invoice terms were 3/10, net 30, FOB Destination. Note: Update the Inventory Valuation table after each sale. 11 12 Feb 7 13 14 15 Feb 9 16 17 18 19 Feb 12 20 21 22 23 Feb 15 24 25 Feb 15 26 27 Feb 17 28 Some of goods purchased from Henley were defective. Henley agreed to a 5% allowance on the total purchased Note: You will need to update the inventory Valuation table to reflect the allowance as it reduces the value of the inventory Paid total liability with a cheque #3356 to Henley for the February 5 purchase less the allowance from Feb. 9. Note: You will need to update the Merchandise Inventory account to reflect any discount for early payment to supplier The employees are paid bi-weekly. Paid the payroll for the first half of February, cheque #3357. Gross pay is $12,500, CPP is $638, El is $235 and income tax is $2,500. Use the general journal to record this. Record the employer's share of CPP (100%) and El (140%) of what was deducted from employees. Arrow paid invoice 2341 on time and took advantage of the early payment discount. 29 Feb 18 30 Feb 20 31 32 Feb 20 33 34 Feb 25 35 36 37 38 39 Feb 28 Bought inventory from Fabrica with cheque #3358, 1400 units at $30 per unit. Note: Update Inventary Valuation table to reflect purchase Sold 600 units on account at $90 each with invoice #2342 to Martin. The invoice term 3/10, net 30, FOB shipping point. Note: Update Inventory Valuation table. Received $3,200 from Columbia for a sale on account last month, The remaining balance of the petty cash account was $150. Total expenses incurred using the petty cash fund this month amounting to $345. In this amount, it includes the shipping cost incurred on Feb 7 in the amount of $55 and the other casts are for the office supplies expense. Prepare the entry to replenish the petty cash lund with ChaN3359 Made monthly bank loan payment of $1,076 which includes $930 principal and $146 interest. 40 Note: You need to debit the non-current portion of the bank loan for the principal payment. The current portion due will remain the same as the due date for the loan is greater than 12 months from balance sheet date. 41 42 Case Introduction Transactions & Instructions General Journal General Ledger Inventory Valuation Bank Reconciliation Worksheet Financial Statements + Ready G 11 120%
