Please make a journal using the following information. Also, create its adjusting journal entrees.
The company purchases a $9,000 short term interest-bearing investment-Notes Receivable (3 month,5%) Chapter 7 March 1 Sold a Mac for $2,000. This asset was included in the February 5 equipment purchase and had an original purchase price of $3,000, but once in use, the owners quickly realized, it was not adequate for their needs. (Hint: remember one month of depreciation was recorded in February; remember this as you determine the gain or loss.) Chapter 8 1 March 2 Purchased PCs for $5,000. Chapter 8 March 2 Issue 5-year, 9% bonds payable with a face value of $10,000. The bonds were issued at 104 and pay interest March 5 Paid salaries and wages payable ($2,300) and utilities ($500- recorded as accounts payable) and the on June 30 and December 31. Chapter 10 remaining accounts payable balance ($200) from purchasing supplies. See opening balances for wages payable above. March 6 Based on a customer survey, the company decided to sell motivational/self-help books and resources and purchased $7,500 of merchandise on account, with terms 2% 10, net 30, Freight costs were $100, this amount is included in the $7,500, but the discount terms do not apply to freight. If the company elects to pay within the discount period, they will reduce the inventory account by the discounted amount. Chapter 4 March 10 The company returns $500 of the merchandise. Chapter March 15 The company pays the vendor for the merchandise purchased on March 6. Chapter 4 March 15 Paid $3, 1xx salaries and wages March 17 Purchases supplies on account for $2 March 20 Issued 1,000 shares of $1 par value stock for $6,000. Chapter 11 The company purchases a $9,000 short term interest-bearing investment-Notes Receivable (3 month,5%) Chapter 7 March 1 Sold a Mac for $2,000. This asset was included in the February 5 equipment purchase and had an original purchase price of $3,000, but once in use, the owners quickly realized, it was not adequate for their needs. (Hint: remember one month of depreciation was recorded in February; remember this as you determine the gain or loss.) Chapter 8 1 March 2 Purchased PCs for $5,000. Chapter 8 March 2 Issue 5-year, 9% bonds payable with a face value of $10,000. The bonds were issued at 104 and pay interest March 5 Paid salaries and wages payable ($2,300) and utilities ($500- recorded as accounts payable) and the on June 30 and December 31. Chapter 10 remaining accounts payable balance ($200) from purchasing supplies. See opening balances for wages payable above. March 6 Based on a customer survey, the company decided to sell motivational/self-help books and resources and purchased $7,500 of merchandise on account, with terms 2% 10, net 30, Freight costs were $100, this amount is included in the $7,500, but the discount terms do not apply to freight. If the company elects to pay within the discount period, they will reduce the inventory account by the discounted amount. Chapter 4 March 10 The company returns $500 of the merchandise. Chapter March 15 The company pays the vendor for the merchandise purchased on March 6. Chapter 4 March 15 Paid $3, 1xx salaries and wages March 17 Purchases supplies on account for $2 March 20 Issued 1,000 shares of $1 par value stock for $6,000. Chapter 11
