ON THE JOB SMITH COMPUTER CENTER To assist you in recording these transactions for the month...

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ON THE JOB SMITH COMPUTER CENTER To assist you in recording these transactions for the month of January, at the end of chart of accounts with the current balance listed for each account. this problem is the schedule of accounts receivable as of December 31 and an updated Assignment 1. Journalize the transactions. 2 Record in the accounts receivable subsidiary ledger and post to the general led- ger as appropriate. A partial subsidiary ledger is included in the working papers that accompany this text. The following accounts have been added to the chart of accounts: Sales #4010, Sales Returns and Allowances #4020, and Sales Discounts #4030. 3. Prepare a schedule of accounts receivable as of January 31, 201X. The January transactions are as follows: 2 10 11 12 22 19 Sold $780 worth of merchandise to Phil's Photography on credit, sales invoice no. 5000; terms 3/10, n/30. Sold $3,600 worth of merchandise on account to Dr. Michael Turiono, sales invoice no. 5001: terms 3/10, n/30. Received $2,800 from All Star Sports, Inc., toward payment of its balance: no discount allowed. Collected $2,800 cash sales. Sold $4,500 worth of merchandise on account to Worldwide Professionals, sales invoice no. 5002: terms 2/10, n/30. Collected balance in full from Dr. Michael Turiono, invoice no. 5001. Issued credit memorandum to Phil's Photography for $460 worth of merchandise returned, invoice no. 5000. 20 29 29 Collected full payment from Worldwide Professionals, invoice no. 5002. Schedule of Accounts Receivable Smith Computer Center December 31, 201X Phil's Photography Worldwide Professionals All Star Sports, Inc. Total Amount Due $3,775.00 7,400.00 4,400.00 $15,575.00 MyAccour Accent Cas 3000 Accunts Receivable PTER fler and Cash Receipts Chart of Acceants and Cerrent Balances as of 12/31/1X Account Name Petty Cash Debit Balance $ 5,861.76 300,00 15,575.00 Credit Balanc 1000 1021 Merchandise Inventory 2,000.00 Prepeld Rent 192.00 1025 5,700.00 1030 1000 Computer Shop Equipment 1001 Accumulated Dep. CS Foun 3,850.00 $ 150.00 1090 Office Fouipment 109 Accumulated Dep, Office Equip 110.00 Accounts Payable 2,570.00 2000 2010 Wages Payable 2020 FICA-04501 Payable 2030 FIA-Medicare Payable 2040 FIT Payable 2050 SIT Payable 0 0 O 2060 FUTA Payable 2070 SUTA Payable 12,282.00 3000 Feldman, Capital 915.00 3010 Feldman, Withdrawals 3020 Income Summary 21,800.00 4000 Service Revenue 0 4010 Sales 0 4020 Sales Returns and Allowances 0 4030 Sales Discounts o 5010 Advertising Expense 0 5020 Rent Expense 0 5030 Utilities Expense 170.00 5040 Phone Expense 45.00 5050 Supplies Expense 0 5060 Insurance Expense 5070 Postage Expense 40.00 5080 Dep. Exp., C.S. Equipment 0 5090 Dep. Exp., Office Equipment 0 5100 Miscellaneous Expense 15.00 5110 Wage Expense 2,030.00 5120 Payroll Tax Expense 218.24 5130 Interest Expense 5140 Bad Debt Expense 6000 DO Purchases 0 6010 Purchases Returns and Allowances 6020 Purchases Discounts 0 6030 Freight In ON THE JOB SMITH COMPUTER CENTER To assist you in recording these transactions for the month of January, at the end of chart of accounts with the current balance listed for each account. this problem is the schedule of accounts receivable as of December 31 and an updated Assignment 1. Journalize the transactions. 2 Record in the accounts receivable subsidiary ledger and post to the general led- ger as appropriate. A partial subsidiary ledger is included in the working papers that accompany this text. The following accounts have been added to the chart of accounts: Sales #4010, Sales Returns and Allowances #4020, and Sales Discounts #4030. 3. Prepare a schedule of accounts receivable as of January 31, 201X. The January transactions are as follows: 2 10 11 12 22 19 Sold $780 worth of merchandise to Phil's Photography on credit, sales invoice no. 5000; terms 3/10, n/30. Sold $3,600 worth of merchandise on account to Dr. Michael Turiono, sales invoice no. 5001: terms 3/10, n/30. Received $2,800 from All Star Sports, Inc., toward payment of its balance: no discount allowed. Collected $2,800 cash sales. Sold $4,500 worth of merchandise on account to Worldwide Professionals, sales invoice no. 5002: terms 2/10, n/30. Collected balance in full from Dr. Michael Turiono, invoice no. 5001. Issued credit memorandum to Phil's Photography for $460 worth of merchandise returned, invoice no. 5000. 20 29 29 Collected full payment from Worldwide Professionals, invoice no. 5002. Schedule of Accounts Receivable Smith Computer Center December 31, 201X Phil's Photography Worldwide Professionals All Star Sports, Inc. Total Amount Due $3,775.00 7,400.00 4,400.00 $15,575.00 MyAccour Accent Cas 3000 Accunts Receivable PTER fler and Cash Receipts Chart of Acceants and Cerrent Balances as of 12/31/1X Account Name Petty Cash Debit Balance $ 5,861.76 300,00 15,575.00 Credit Balanc 1000 1021 Merchandise Inventory 2,000.00 Prepeld Rent 192.00 1025 5,700.00 1030 1000 Computer Shop Equipment 1001 Accumulated Dep. CS Foun 3,850.00 $ 150.00 1090 Office Fouipment 109 Accumulated Dep, Office Equip 110.00 Accounts Payable 2,570.00 2000 2010 Wages Payable 2020 FICA-04501 Payable 2030 FIA-Medicare Payable 2040 FIT Payable 2050 SIT Payable 0 0 O 2060 FUTA Payable 2070 SUTA Payable 12,282.00 3000 Feldman, Capital 915.00 3010 Feldman, Withdrawals 3020 Income Summary 21,800.00 4000 Service Revenue 0 4010 Sales 0 4020 Sales Returns and Allowances 0 4030 Sales Discounts o 5010 Advertising Expense 0 5020 Rent Expense 0 5030 Utilities Expense 170.00 5040 Phone Expense 45.00 5050 Supplies Expense 0 5060 Insurance Expense 5070 Postage Expense 40.00 5080 Dep. Exp., C.S. Equipment 0 5090 Dep. Exp., Office Equipment 0 5100 Miscellaneous Expense 15.00 5110 Wage Expense 2,030.00 5120 Payroll Tax Expense 218.24 5130 Interest Expense 5140 Bad Debt Expense 6000 DO Purchases 0 6010 Purchases Returns and Allowances 6020 Purchases Discounts 0 6030 Freight In