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Posted on Jul 03, 2024

Please write the answer in the same format. thank you very much! Credit Ram Wholesale Company Post-Closing Trial Balance August 31, 2016 Account Titles Debit

Please write the answer in the same format.

thank you very much! image text in transcribed

Credit Ram Wholesale Company Post-Closing Trial Balance August 31, 2016 Account Titles Debit Cash $154,700 Accounts Receivable 15,600 Merchandise Inventory, 9/30/15 55,700 Store Supplies 4,100 Office Supplies 2,800 Land 37,000 Delivery Truck 92,000 Accumulated Depreciation, Delivery Truck Accounts Payable Unearned Sales Revenue Notes Payable (Due 2040) Stephanie Ram, Capital Totals $361,900 $850 21,900 1,900 60,000 277,250 $361,900 Subsidiary Ledgers balances during the month of August Customers with Outstanding Balances Dates 8/25 8/28 Customer Names Jose Mendes Nicholas Jay Totals Credit Terms 3/20, N/60 2/15, N/45 Balances $9,800 5,800 $15,600 Creditors with Outstanding Balances Dates 8/22 8/24 8/26 Creditors Names Lisa Supplies Company Farge Company Mason Retailers Credit Terms 1/10, N/60 2/15, N/45 1/20, N/60 Balances $8,500 9,500 3,900 $21,900 Totals During the month of September, the following tractions were completed by the business Sept. 1 Stephanie Ram, the proprietar of the business, we 587,700 cash and Sound 1,000 baness Issued check to establish a Pelty Cash Fund for $5.000 Paid a premium of 3.700 for a one-year inance policy, effective September 1 Purchased a refrigerators on credit for $148.200 from Mason Retailers. The credit terms of the male were 4/20, 5.0.0.png Point issued a check for 52,170 for the delivery charges on the September transaction 9 The business returned two damaged refrigerators to Mason Retailers and received a crea of 37,200 10 Sold several refrigerators to various customers with the credit terms 10, and were to follow Jose Mendes 16,200 Amy Thomas 12,500 techolas lay 6,000 Dora Franklin 14,300 Total 339,000 12 Borrowed 160,500 from National Trust Benk by signing Notes Payable 13 Dera Franklin returned a defective refrigerator to the business and received credit of 55,300 14 Issued a check to pay the bi-weekly employee salaries, $16.500 15 Purchased Store Supplies on credit, terms 2/10, 1/30, as follows Wiley Retailers $2,100 Lisa Supplies Company 1,500 Farge Company 1,100 Lincoln Wholesale 2,600 Totals 57,300 17 Purchased a Delivery Truck for $70,000 in cash Am Thomas H 400 ee Berar Tele . 2. Nechter were 22 Masture Store Shafirear) We 81.100 Car 100 Pereny 460 Wha 900 Ta 36.100 23 Stashasan w 1,000 auto per SENTRO Made spelette 2.000 de euro 36 1.100 23 Sephanie Kan. 21 the war 20 The Potty Chand had a ble of 1.5 September 4,2 Ah Matheutement of Sobe 14.00 RCES Purchases Discounts Date 3 of Debit Credit Balance tudy Purchases Returns and Allowances Date Debit Credit Balance Freight-In Date Debit Credit Balance Salaries Expense Date Debit Credit Balance Us Expense Date Debit Credit Balance Repair Supplies Expense Dale Debit Credit Balance Postage Date Debit Credit TRESOURCES Rent Expense Date Question of Debit C TA ults by Study Cash Short Over Date Debt One Accounts Receivable Subsidiary Ledger Jose Mendes Date Debit Credit Aug. 25 Balence em 3/20; N/60 110;60 9.800 Amy Thomas Data tem Credit 10 N60 Nicholas Jay Date Det Credit Bence 5.800 Aug. 28 Balance Them 2/20 45 3/10NO Dera Frenkin hem Detalt VIONGO Account Park Subsidiary Ledost Weyers Date 3/100 Le Supplies Company Date VIN 1/10 F C Farge Company Date Debit Credit Aug. 24 Balance Item 2/15, N/60 9.500 2/10; N30 Nason Retailers Date Aug. 26 Balance Debit Credit Balance Item 1/20; N/45 3,300 4/20; N/45 Lincoln Wholesale Date Item Debit Credit Balance 2/10; N/30 V following for screen hele, click on the hyperlinks below) Credit Ram Wholesale Company Post-Closing Trial Balance August 31, 2016 Account Titles Debit Cash $154,700 Accounts Receivable 15,600 Merchandise Inventory, 9/30/15 55,700 Store Supplies 4,100 Office Supplies 2,800 Land 37,000 Delivery Truck 92,000 Accumulated Depreciation, Delivery Truck Accounts Payable Unearned Sales Revenue Notes Payable (Due 2040) Stephanie Ram, Capital Totals $361,900 $850 21,900 1,900 60,000 277,250 $361,900 Subsidiary Ledgers balances during the month of August Customers with Outstanding Balances Dates 8/25 8/28 Customer Names Jose Mendes Nicholas Jay Totals Credit Terms 3/20, N/60 2/15, N/45 Balances $9,800 5,800 $15,600 Creditors with Outstanding Balances Dates 8/22 8/24 8/26 Creditors Names Lisa Supplies Company Farge Company Mason Retailers Credit Terms 1/10, N/60 2/15, N/45 1/20, N/60 Balances $8,500 9,500 3,900 $21,900 Totals During the month of September, the following tractions were completed by the business Sept. 1 Stephanie Ram, the proprietar of the business, we 587,700 cash and Sound 1,000 baness Issued check to establish a Pelty Cash Fund for $5.000 Paid a premium of 3.700 for a one-year inance policy, effective September 1 Purchased a refrigerators on credit for $148.200 from Mason Retailers. The credit terms of the male were 4/20, 5.0.0.png Point issued a check for 52,170 for the delivery charges on the September transaction 9 The business returned two damaged refrigerators to Mason Retailers and received a crea of 37,200 10 Sold several refrigerators to various customers with the credit terms 10, and were to follow Jose Mendes 16,200 Amy Thomas 12,500 techolas lay 6,000 Dora Franklin 14,300 Total 339,000 12 Borrowed 160,500 from National Trust Benk by signing Notes Payable 13 Dera Franklin returned a defective refrigerator to the business and received credit of 55,300 14 Issued a check to pay the bi-weekly employee salaries, $16.500 15 Purchased Store Supplies on credit, terms 2/10, 1/30, as follows Wiley Retailers $2,100 Lisa Supplies Company 1,500 Farge Company 1,100 Lincoln Wholesale 2,600 Totals 57,300 17 Purchased a Delivery Truck for $70,000 in cash Am Thomas H 400 ee Berar Tele . 2. Nechter were 22 Masture Store Shafirear) We 81.100 Car 100 Pereny 460 Wha 900 Ta 36.100 23 Stashasan w 1,000 auto per SENTRO Made spelette 2.000 de euro 36 1.100 23 Sephanie Kan. 21 the war 20 The Potty Chand had a ble of 1.5 September 4,2 Ah Matheutement of Sobe 14.00 RCES Purchases Discounts Date 3 of Debit Credit Balance tudy Purchases Returns and Allowances Date Debit Credit Balance Freight-In Date Debit Credit Balance Salaries Expense Date Debit Credit Balance Us Expense Date Debit Credit Balance Repair Supplies Expense Dale Debit Credit Balance Postage Date Debit Credit TRESOURCES Rent Expense Date Question of Debit C TA ults by Study Cash Short Over Date Debt One Accounts Receivable Subsidiary Ledger Jose Mendes Date Debit Credit Aug. 25 Balence em 3/20; N/60 110;60 9.800 Amy Thomas Data tem Credit 10 N60 Nicholas Jay Date Det Credit Bence 5.800 Aug. 28 Balance Them 2/20 45 3/10NO Dera Frenkin hem Detalt VIONGO Account Park Subsidiary Ledost Weyers Date 3/100 Le Supplies Company Date VIN 1/10 F C Farge Company Date Debit Credit Aug. 24 Balance Item 2/15, N/60 9.500 2/10; N30 Nason Retailers Date Aug. 26 Balance Debit Credit Balance Item 1/20; N/45 3,300 4/20; N/45 Lincoln Wholesale Date Item Debit Credit Balance 2/10; N/30 V following for screen hele, click on the hyperlinks below)