On August 1, 2016, Stephanie Ram, a sole proprietor, started a new business, Ram Wholesale Company The company sells refrigerators (merchandise) to various retail stores and uses the periodic inventory system At the end of August, the companys Post Closing Trial Balance showed the following accounts and balances Ram Wholesale Company Post Closing Trial Balance August 31, 2016 Account Titles Debit Credit Cash $156,300 Accounts Receivable 16,600 Merchandise Inventory, 9 30 15 57,100 Store Supplies 3,900 Office Supplies 2,900 Land 35,000 Delivery Truck 91,000 Accumulated Depreciation, Delivery Truck $850 Accounts Payable 19,900 Unearned Sales Revenue 2,100 Notes Payable (Due 2040) 62,000 Stephanie Ram, Capital 277,950 Totals $362,800 $362,800 Subsidiary Ledgers balances during the month of August Customers with Outstanding Balances Dates Customer Names Credit Terms Balances 8 25 Jose Mendes 3 20, N 60 $10,200 8 28 Nicholas Jay 2 15, N 45 6,400 Totals $16,600 Creditors with Outstanding Balances Dates Creditors Names Credit Terms Balances 8 22 Lisa Supplies Company 1 10, N 60 $7,600 8 24 Farge Company 2 15, N 45 8,700 8 26 Mason Retailers 1 20, N 60 3,600 Totals $19,900 During the month of September, the following transactions were completed by the business Sept 1 Stephanie Ram, the proprietor of the business, invested $88,900 cash and Office Supplies valued at $1,900 into the business 2 Issued a check to establish a Petty Cash Fund for $5,400 3 Paid a premium of $3,200 for a one year insurance policy, effective September 1 st 6 Purchased 35 refrigerators on credit for $136,500 from Mason Retailers The credit terms of the sale were 4 20, n 45, F O B shipping point 8 Issued a check for $2,140 for the delivery charges on the September 6 th transaction 9 The business returned two damaged refrigerators to Mason Retailers and received a credit of $8,000 10 Sold several refrigerators to various customers with the credit terms 3 10, n 60 and bills were sent out as follows Jose Mendes $5,200 Amy Thomas 8,700 Nicholas Jay 5,200 Dora Franklin 14,100 Totals $33,200 12 Borrowed $60,100 from National Trust Bank by signing a Notes Payable 13 Dora Franklin returned a defective refrigerator to the business and received a credit of $5,100 14 Issued a check to pay the bi weekly employee salaries, $16,900 15 Purchased Store Supplies on credit, terms 2 10, n 30, as follows Wiley Retailers $1,800 Lisa Supplies Company 1,500 Farge Company 1,000 Lincoln Wholesale 2,300 Totals $6,600 17 Purchased a Delivery Truck for $68,000 in cash 20 Received payment (before any applicable discounts) from the following customers for the September 10 th sale to be applied to their accounts as follows ( Hint You will need to calculate amount of net cash received from customers) Jose Mendes $3,200 Amy Thomas 5,600 Nicholas Jay 3,900 Dora Franklin 8,300 Totals $21,000 21 Received cash of $18,400 in advance for 4 refrigerators to be delivered over the next few months 22 Made a partial payment for the Store Supplies purchased on September 15 th to be applied to the below accounts (before any applicable discounts) as follows ( Hint You will need to calculate amount of the net cash payment) Wiley Retailers $1,700 Lisa Supplies Company 3,100 Farge Company 500 Lincoln Wholesale 900 Totals $6,200 23 Stephanie Ram withdrew $3,900 in cash for her personal use 24 Sold several refrigerators and received $209,000 cash 25 Made a partial payment to Mason Retailers of $93,000 to be applied as a reduction to the account balance (before any applicable discounts) for the September 6 th transaction ( Hint You will need to calculate amount of the net cash payment) 26 Paid the monthly utility bills, $8,600 27 Stephanie Ram purchased a Forklift for $31,700 28 Issued a check to pay the bi weekly employee salaries, $16,900 29 The Petty Cash Fund had a cash balance of $3,500 at the end of September with petty cash receipts vouchers for postage, $390, and repair supplies, $880 A check was issued to replenish the fund 30 Issued a check for the payment of Septembers rent, $15,500 QUESTION Prepare a Trial Balance using the account names and balances from the General Ledger (Do not list those accounts that have zero ending balance Do not use dollar signs ($) when entering amounts To see comma formatted numbers reflected in your final answers, you must enter your answers with commas ) Using the information from the Accounts Receivable Subsidiary Ledger, prepare a Schedule of Accounts Receivable (Do not use dollar signs ($) when entering amounts To see comma formatted numbers reflected in your final answers, you must enter your answers with commas ) Using the information from the Accounts Payable Subsidiary Ledger, prepare a Schedule of Accounts Payable (Do not use dollar signs ($) when entering amounts To see comma formatted numbers reflected in your final answers, you must enter your answers with commas )

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On August 1, 2016, Stephanie Ram, a sole proprietor, started a new business, Ram Wholesale Company. The company sells refrigerators (merchandise) to various retail stores

On August 1, 2016, Stephanie Ram, a sole proprietor, started a new business, Ram Wholesale Company. The company sells refrigerators (merchandise) to various retail stores and uses the periodic inventory system. At the end of August, the companys Post-Closing Trial Balance showed the following accounts and balances:

Ram Wholesale Company Post-Closing Trial Balance August 31, 2016
Account Titles	Debit	Credit
Cash	$156,300
Accounts Receivable	16,600
Merchandise Inventory, 9/30/15	57,100
Store Supplies	3,900
Office Supplies	2,900
Land	35,000
Delivery Truck	91,000
Accumulated Depreciation, Delivery Truck		$850
Accounts Payable		19,900
Unearned Sales Revenue		2,100
Notes Payable (Due 2040)		62,000
Stephanie Ram, Capital		277,950
Totals	$362,800	$362,800

Subsidiary Ledgers balances during the month of August Customers with Outstanding Balances

Dates	Customer Names	Credit Terms	Balances
8/25	Jose Mendes	3/20, N/60	$10,200
8/28	Nicholas Jay	2/15, N/45	6,400
	Totals		$16,600

Creditors with Outstanding Balances

Dates	Creditors Names	Credit Terms	Balances
8/22	Lisa Supplies Company	1/10, N/60	$7,600
8/24	Farge Company	2/15, N/45	8,700
8/26	Mason Retailers	1/20, N/60	3,600
	Totals		$19,900

During the month of September, the following transactions were completed by the business:

Sept.

Stephanie Ram, the proprietor of the business, invested $88,900 cash and Office Supplies valued at $1,900 into the business.

Issued a check to establish a Petty Cash Fund for $5,400.

Paid a premium of $3,200 for a one-year insurance policy, effective September 1^st.

Purchased 35 refrigerators on credit for $136,500 from Mason Retailers. The credit terms of the sale were 4/20, n/45, F.O.B. shipping point.

Issued a check for $2,140 for the delivery charges on the September 6^th transaction.

The business returned two damaged refrigerators to Mason Retailers and received a credit of $8,000.

Sold several refrigerators to various customers with the credit terms 3/10, n/60 and bills were sent out as follows:

Jose Mendes		$5,200
Amy Thomas		8,700
Nicholas Jay		5,200
Dora Franklin		14,100
Totals		$33,200

Borrowed $60,100 from National Trust Bank by signing a Notes Payable.

Dora Franklin returned a defective refrigerator to the business and received a credit of $5,100.

Issued a check to pay the bi-weekly employee salaries, $16,900.

Purchased Store Supplies on credit, terms 2/10, n/30, as follows:

Wiley Retailers		$1,800
Lisa Supplies Company		1,500
Farge Company		1,000
Lincoln Wholesale		2,300
Totals		$6,600

Purchased a Delivery Truck for $68,000 in cash.

Received payment (before any applicable discounts) from the following customers for the September 10^th sale to be applied to their accounts as follows (Hint: You will need to calculate amount of net cash received from customers):

Jose Mendes		$3,200
Amy Thomas		5,600
Nicholas Jay		3,900
Dora Franklin		8,300
Totals		$21,000

Received cash of $18,400 in advance for 4 refrigerators to be delivered over the next few months.

Made a partial payment for the Store Supplies purchased on September 15^thto be applied to the below accounts (before any applicable discounts) as follows (Hint: You will need to calculate amount of the net cash payment):

Wiley Retailers		$1,700
Lisa Supplies Company		3,100
Farge Company		500
Lincoln Wholesale		900
Totals		$6,200

Stephanie Ram withdrew $3,900 in cash for her personal use.

Sold several refrigerators and received $209,000 cash.

Made a partial payment to Mason Retailers of $93,000 to be applied as a reduction to the account balance (before any applicable discounts) for the September 6^th transaction (Hint: You will need to calculate amount of the net cash payment).

Paid the monthly utility bills, $8,600.

Stephanie Ram purchased a Forklift for $31,700.

Issued a check to pay the bi-weekly employee salaries, $16,900.

The Petty Cash Fund had a cash balance of $3,500 at the end of September with petty cash receipts/vouchers for postage, $390, and repair supplies, $880. A check was issued to replenish the fund.

Issued a check for the payment of Septembers rent, $15,500.

QUESTION:

Prepare a Trial Balance using the account names and balances from the General Ledger. (Do not list those accounts that have zero ending balance. Do not use dollar signs ($) when entering amounts. To see comma-formatted numbers reflected in your final answers, you must enter your answers with commas.)

Using the information from the Accounts Receivable Subsidiary Ledger, prepare a Schedule of Accounts Receivable. (Do not use dollar signs ($) when entering amounts. To see comma-formatted numbers reflected in your final answers, you must enter your answers with commas.)

Using the information from the Accounts Payable Subsidiary Ledger, prepare a Schedule of Accounts Payable. (Do not use dollar signs ($) when entering amounts. To see comma-formatted numbers reflected in your final answers, you must enter your answers with commas.)