please do the general journal, income statement, state of owner equity, balance sheet and the post closing trial balance. thank you very much
16:13 - cdn.inst-fs-lad-prod.inscloudgate.net new accounts later O.Resa Pines Boutique Chart of Account www anuary, 20XX Transactions (round all amount to nearest dollar The following balances were received from One da Cash 300.000 Acco Receivable. $6.000 (Lyle Corporation)and: Merchandise In tory $35.000 Supplies $3.000, Furniture & Equipment. $15.000 (new and unused Accounts Payable of 55.000 (Abram Office Depot Journalise the beginning balance and post them to the general lediger Borrowed $50,000 from her other, a Signed a Note Payable dura nte today on an 1. O Re pays interest only for two years. The first interest payment for an is due Feb. 5. Pald six months' rent in advance on a f r ental contract $18.000 Paid 6-month premiums en property and can insurance policies, $400 Purchased merchandise from Garcia Company, Term 2/10, 1/30. 55.000 Purchased a Van from Golden Automotive for $3.00. Paid cash of $500 ad e da 11-month, no interest note payable for the balance. 1 monthly payment is does the next month Sold merchandise to MayaB Company on account. $1.400. Cest of Sales (ODS): 5700 8 8 9 10 11 12 14 15 Purchased Office Supplies from Abrams Office Depot for cash. SUSO 0 Resa decided to establish a petty cash fund for minor expenditures. $200 Received cash from a corporate din Rome as an advance payment for a special ander of fitness equipment, $.000 (Hint: Unearned Revenue) Purchased fitness equipment for sale (merchandise) from Doubletree Fitness Equipment with a cost of $25,000:paid cash of $5,000 with the balance account. Tradiscount 2%: Terms 1/10./30. Delivery Expense 3350, FOB destination Purchased Computer & Office Furniture from Abrams Office Depot.c om.es n/EOM $12.000 Sold merchandise to the Alfred Vaughn Coon account. $800.COS: 5300 Returned $500 fr a equipment to Doubletree. Purchased merchandise from Garcia Distributors. 5800.1/10.net 30 Sold merchandise to Maya Company, on account 5900. COS 5450 Wrote check to Comcast for cable TV service in the store lounge 5250 Purchased merchandise from L. Gibson Co.cn account $16000 terms/10 Paid Garcia Distributors for purchases made on an Paid fitness assistants for two weeks'salary: $3,000 Recorded cash boutique sales for an 1-15. Cost of wales. 54,025 Visa Credit Card Sales $5.000 MasterCard Sales 16:14 cdn.inst-fs-lad-prod.inscloudgate.net 15 Recorded cash boutique sales for an 1-15. Cost of sales. 54.025 Visa Credit Card Sales 55.000 MasterCard Sales $3.500 Cash $1.000 Paid balance (lessan return on Doubletree Fitness Equipment Account Purchase 15 Delivered equipment to Rom a 6) recorded the sale at $1. CS100 Balance ce account 15 Accepted a 60 day nate dated Janary 15 intement pas de $6.000 Receivable from Lyle Corporation 150 . Resa replenished the petty cash fund. The petty cash tickets identified b elow 16 16 17 18 21 25 27 Postage. 523. delivery od package by courier $17. Gas for the Van. 12 Mayall paid for purchases made on Jan. 3. Received payment from Alfred Vaughn Ce for purchase made on Jan 6 Paid for Garcia Distributor purchases made on an Pald cash for supplies, $1,200 Pald L. Gibson Co. for merchandise purchased on an 11 Purchased merchandise (vitamin supplements for cash. $1200 Paid fitness assistants for two weeks'salary. 250 29 Purchased merchandise from Garcia Distributors, 54,200,2/10,n30 29 Paid AT&T phone and Internet bill for January 5651 30 Paid PG & electricity bill for January, 51251 300 . Resta withdrew $4.500 for personal use. Replenished petty cash fund Supplies 552: Miscellaneous 89, Floor Mats for the Van $100, Printer Ink Cartridge, 535 30 Reza feels that the petty cash fund is not adequate She increased it to $300 30 Paid Abrams Company beginning AP amount ($5.000) plus balance de fremur 6 purchase 30 Recorded Boutique sales as follows for Jan 16-30. Cast of sales, 58430: Visa Credit Card Sales $8251 MasterCard Sales $7423 Discovery Card $3525 Cash $2001 At the end of January, the following adjustment data is prepared. Analyze and use the following data to make adjustments (Round all calculations to the nearest whole dollar a One month's insurance expired during January (calculation required) One month's rent expired during January. Calculation required) Supplies on hand on January 31 are $1100 Depreciation entries required: 1. All furniture quipment in ew. It has an estimated s ite of 10 year with a salvage of 2000 Record depreciation for one month 2 Automobile (Van) has a wetul life of years with a cost of $38.000 d e Value $5.000. Record depreciation for one month Record the following accruals: i Interest expense accrued on loan to Jose Resa (Jan. 1) L Interest income accrued on note receivable from Lyle Corporate an. 15) IL Accrued fitness assistants salary on January 31 is 5550. Received gas bill from American Gas for this month's fuel purchases for $650. De Part II: Calculate the following ratios and explain what they say to the owner or investor. 1. Ratio of Liabilities to Owner's Equity Formula Calculations Answer 2. Working Capital Formula Calculations 3. Current Ratio Formula Calculations Answer O Reza Fitness Boutique Income Statement For the Month Ended January 31, 20XX 0. Resa Boutique Statement of Owner's Equity For the Month Ended January 31, 20XX Balance Sheet January 2010 Assets Property, Plant & Equipment Liabilities O. Reza Fitness Boutique Post Closing Trial Balance January 31, 20XX 16:13 - cdn.inst-fs-lad-prod.inscloudgate.net new accounts later O.Resa Pines Boutique Chart of Account www anuary, 20XX Transactions (round all amount to nearest dollar The following balances were received from One da Cash 300.000 Acco Receivable. $6.000 (Lyle Corporation)and: Merchandise In tory $35.000 Supplies $3.000, Furniture & Equipment. $15.000 (new and unused Accounts Payable of 55.000 (Abram Office Depot Journalise the beginning balance and post them to the general lediger Borrowed $50,000 from her other, a Signed a Note Payable dura nte today on an 1. O Re pays interest only for two years. The first interest payment for an is due Feb. 5. Pald six months' rent in advance on a f r ental contract $18.000 Paid 6-month premiums en property and can insurance policies, $400 Purchased merchandise from Garcia Company, Term 2/10, 1/30. 55.000 Purchased a Van from Golden Automotive for $3.00. Paid cash of $500 ad e da 11-month, no interest note payable for the balance. 1 monthly payment is does the next month Sold merchandise to MayaB Company on account. $1.400. Cest of Sales (ODS): 5700 8 8 9 10 11 12 14 15 Purchased Office Supplies from Abrams Office Depot for cash. SUSO 0 Resa decided to establish a petty cash fund for minor expenditures. $200 Received cash from a corporate din Rome as an advance payment for a special ander of fitness equipment, $.000 (Hint: Unearned Revenue) Purchased fitness equipment for sale (merchandise) from Doubletree Fitness Equipment with a cost of $25,000:paid cash of $5,000 with the balance account. Tradiscount 2%: Terms 1/10./30. Delivery Expense 3350, FOB destination Purchased Computer & Office Furniture from Abrams Office Depot.c om.es n/EOM $12.000 Sold merchandise to the Alfred Vaughn Coon account. $800.COS: 5300 Returned $500 fr a equipment to Doubletree. Purchased merchandise from Garcia Distributors. 5800.1/10.net 30 Sold merchandise to Maya Company, on account 5900. COS 5450 Wrote check to Comcast for cable TV service in the store lounge 5250 Purchased merchandise from L. Gibson Co.cn account $16000 terms/10 Paid Garcia Distributors for purchases made on an Paid fitness assistants for two weeks'salary: $3,000 Recorded cash boutique sales for an 1-15. Cost of wales. 54,025 Visa Credit Card Sales $5.000 MasterCard Sales 16:14 cdn.inst-fs-lad-prod.inscloudgate.net 15 Recorded cash boutique sales for an 1-15. Cost of sales. 54.025 Visa Credit Card Sales 55.000 MasterCard Sales $3.500 Cash $1.000 Paid balance (lessan return on Doubletree Fitness Equipment Account Purchase 15 Delivered equipment to Rom a 6) recorded the sale at $1. CS100 Balance ce account 15 Accepted a 60 day nate dated Janary 15 intement pas de $6.000 Receivable from Lyle Corporation 150 . Resa replenished the petty cash fund. The petty cash tickets identified b elow 16 16 17 18 21 25 27 Postage. 523. delivery od package by courier $17. Gas for the Van. 12 Mayall paid for purchases made on Jan. 3. Received payment from Alfred Vaughn Ce for purchase made on Jan 6 Paid for Garcia Distributor purchases made on an Pald cash for supplies, $1,200 Pald L. Gibson Co. for merchandise purchased on an 11 Purchased merchandise (vitamin supplements for cash. $1200 Paid fitness assistants for two weeks'salary. 250 29 Purchased merchandise from Garcia Distributors, 54,200,2/10,n30 29 Paid AT&T phone and Internet bill for January 5651 30 Paid PG & electricity bill for January, 51251 300 . Resta withdrew $4.500 for personal use. Replenished petty cash fund Supplies 552: Miscellaneous 89, Floor Mats for the Van $100, Printer Ink Cartridge, 535 30 Reza feels that the petty cash fund is not adequate She increased it to $300 30 Paid Abrams Company beginning AP amount ($5.000) plus balance de fremur 6 purchase 30 Recorded Boutique sales as follows for Jan 16-30. Cast of sales, 58430: Visa Credit Card Sales $8251 MasterCard Sales $7423 Discovery Card $3525 Cash $2001 At the end of January, the following adjustment data is prepared. Analyze and use the following data to make adjustments (Round all calculations to the nearest whole dollar a One month's insurance expired during January (calculation required) One month's rent expired during January. Calculation required) Supplies on hand on January 31 are $1100 Depreciation entries required: 1. All furniture quipment in ew. It has an estimated s ite of 10 year with a salvage of 2000 Record depreciation for one month 2 Automobile (Van) has a wetul life of years with a cost of $38.000 d e Value $5.000. Record depreciation for one month Record the following accruals: i Interest expense accrued on loan to Jose Resa (Jan. 1) L Interest income accrued on note receivable from Lyle Corporate an. 15) IL Accrued fitness assistants salary on January 31 is 5550. Received gas bill from American Gas for this month's fuel purchases for $650. De Part II: Calculate the following ratios and explain what they say to the owner or investor. 1. Ratio of Liabilities to Owner's Equity Formula Calculations Answer 2. Working Capital Formula Calculations 3. Current Ratio Formula Calculations Answer O Reza Fitness Boutique Income Statement For the Month Ended January 31, 20XX 0. Resa Boutique Statement of Owner's Equity For the Month Ended January 31, 20XX Balance Sheet January 2010 Assets Property, Plant & Equipment Liabilities O. Reza Fitness Boutique Post Closing Trial Balance January 31, 20XX
