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Need to make journal entries for these 12 Manuel Jogging Supplies returned $200 of merchandise purchased June 8. A credit mem- orandum was prepared. 13
Need to make journal entries for these 12 Manuel Jogging Supplies returned $200 of merchandise purchased June 8. A credit mem- orandum was prepared. 13 Purchased $4,500 merchandise from Lawless Consolidated for cash. 14 Received payment from May's Professional Sports Equipment for the balance due, less the cash discount. 14 Paid Thomas Corporation the balance due, less the cash discount. 15 Paid the notes payable issued on June 15 for $12,000, plus one month's interest at 8%. 15 Sales Salaries and Office Salaries totaled $18,000 and $10,000 respectively for this two- week pay period. Payroll checks were pre- pared. (Ignore payroll taxes and deductions.) 15 Paid Fine Products the balance due. No dis- count was taken. 15 Received payment from Dragon Recreation Center for the balance due, less the cash discount. CHART OF ACCOUNTS Cash Marketable Securities Accounts Recoivable Allowance for Doubtful Accounts 1000 1010 1100 Prepaid Advertising Prepaid Insurance Prepaid Rent Interest Receivable Store Supplies Office Supplies 1300 1310 1530 1535 Accounts Payable Notes Payable (short-term) Salaries Payable Unearned Rent 2100 nterest Payable Dividends Payable Income Tax Payable Bonds Payablo Premium on Bonds Payable Discount on Bonds Payable 2310 Notes Payable (long-term) Common Slock Paid-In Capital in Excess of Par Retained Earnings 3010 3100 3105 Income Summary Sales Returns and Alowances Sales Discounts 4100 4110 4120 4130 Purchases Discounts Purchases Returns and Allowances Transportation In Sales Salaries Expense Advertising Expense Rent Expense- Selling 4230 Utilities Expense-Selling Store Supplies Expense Doubtful Accounts Expense Office Salaries Expense Rent Expense-General 4410 4430 4450Utilities Expense-General Depreciation Expense-Buildings Office Supplies Expense Legal Expense 4480Miscellaneous Office Expense Interest Earned Rent Earned Interest Expense Gain on Disposal of Plant Assets Loss on Disposal of Plant Assets Income Tax Expense 4610
Need to make journal entries for these
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