post journal entries show calculations on all.

4. On February 1, I sold 150 units of merchandise to faith Corp on account for $75 each. We trusted the sales terms of 1/10, 1/60 (Note: Jamukha operates on a LIFO system that is repeated on a regular basis.) 5. On February 6, 190 units of inventory were sold on account to Blake Corp. for $100 per unit. We offered Blake the following sales terms, 1/10, 1/60 6. On February 11, I received money from blake Corporation in full 7 On march 15, paid $8500 on accounts payable. Check #756 was used 8. On apnl 1. paid administrative expenses of $7000. Check #757 was used 9. On april 17. purchased and received 35 units of inventory at $29 per unit paying with Check #758. Shipping terms were FOB destination 10. On apnl 20received a check from faith Corp for $12000 to pay a portion of what is owed to Jamukha 11. On april 19, sold, on account, 70 units of inventory toverizon Inc. for $99 per unit. The sales terms we gave verizon were 1/10, 1/60 12. On april 22, found out that faith Corp filed for bankruptcy. Jamukha therefore wrote off the remaining amount owed by Galloping Grace Corp 13. On april 25, verizon Inc returned 15 units they had purchased on March 21 because they were defective Adjusting Joumal Entries 14. Beginning inventory for Jamukha Corp was 85 units at $29 per unit. Determine the value of ending inventory as well as the cost of goods sold for the quarter Record the journal entry 15. Jamukha Corp. estimates that 15% of its net revenues will end up uncollected Record bad debt expense. Hint. You will need to calculate the revenue balance before calculating bad debt expense. You should do this by looking at the ledger after posting entries 1-13 16. Depreciation on the building was $4500 for the quarter and depreciation on the equipment was $1,167 for the quarter. age 4. On February 1, I sold 150 units of merchandise to faith Corp on account for $75 each. We trusted the sales terms of 1/10, 1/60 (Note: Jamukha operates on a LIFO system that is repeated on a regular basis.) 5. On February 6, 190 units of inventory were sold on account to Blake Corp. for $100 per unit. We offered Blake the following sales terms, 1/10, 1/60 6. On February 11, I received money from blake Corporation in full 7 On march 15, paid $8500 on accounts payable. Check #756 was used 8. On apnl 1. paid administrative expenses of $7000. Check #757 was used 9. On april 17. purchased and received 35 units of inventory at $29 per unit paying with Check #758. Shipping terms were FOB destination 10. On apnl 20received a check from faith Corp for $12000 to pay a portion of what is owed to Jamukha 11. On april 19, sold, on account, 70 units of inventory toverizon Inc. for $99 per unit. The sales terms we gave verizon were 1/10, 1/60 12. On april 22, found out that faith Corp filed for bankruptcy. Jamukha therefore wrote off the remaining amount owed by Galloping Grace Corp 13. On april 25, verizon Inc returned 15 units they had purchased on March 21 because they were defective Adjusting Joumal Entries 14. Beginning inventory for Jamukha Corp was 85 units at $29 per unit. Determine the value of ending inventory as well as the cost of goods sold for the quarter Record the journal entry 15. Jamukha Corp. estimates that 15% of its net revenues will end up uncollected Record bad debt expense. Hint. You will need to calculate the revenue balance before calculating bad debt expense. You should do this by looking at the ledger after posting entries 1-13 16. Depreciation on the building was $4500 for the quarter and depreciation on the equipment was $1,167 for the quarter. age