red July 2 thing suits for $150 esmwear fashion show and it sold 50 black string bikinis for $110 each and 45 cost of goods sold.) Today, the store had a s were on store credit. (The store uses the LIFO method to account for ch-all sales were on store credit. (The store uses the LIFO method to for which she till owed the store. She paid $110 for it earlier and that is what the show and each-all sales were on store credit. (The s 3 The day after the fashion show, floral halter bathing suits for $130 each-all account for cost of goods sold) Pamela Anterson, a customers came in and purchased 40 green thong bikinis for $90 each and 120 on 6 customer, called and said that she had declared bankruptcy and would not be able to pay store had to write off. (The company uses the Allowance Method of accounting for Bad debts. . ) u 10 Paid the electric bill for June, $320 3 Received payment from customers from sales made in June and from the Fashion Show, $ 13.7 4 Received the newspaper advertising bill $160, it is due in 30 days. 15 Paid the part-time worker, $350 19 Collected $2,100 of the amount owed from customers from the sales made earlier 20 AcceptedaS6 000, 9%,120 day note dated today, in granting a time extension on a past-due account receivable Paid the advertising bill which was received earlier, $160 2 21 24 Paid $1,000 on the amount owed for the store equipment purchased last month. 29 Reimbursed the Petty Cash account. The fund contained: $14.50 and 30 Received the bank statement from the bank. The bank statement showed that the bank issued a credit had the following receipts: Supplies $45.00 and Miscellaneous Expenses $38.00 memorandum for $65 interest eamed and a debit memorandum for the $20 monthly service charge. In the statement, the bank had also returned an NSF check from one of our customers for $260. Lastly, Rusty also noticed that the check issued for the store equipment, $1,000, had not yet cleared the bank. After entering the adjustments needed, the cash account shows $ 45,943.50. irement #2 Print the Trial Balance 7/31/X5. (Reports Menu.> General Ledger General Ledger Trial Balance k figures: Cash- $45,943.50; Supplies $1,580, Accts Rec.- $13,250, Sales- $43,450; COGS 5,220 Totals $84,298) 5 9 8 Hint "Since we are now moving into July transactions let's change the accounting period to July, Go to the TASKS menu at e coer of your screen System Change Accounting PeriodChoose period 19 (don't print reports) July 2 Today, the store had a swimwear fashion show and it sold 50 black string bikinis for $110 each and 45 red bathing suits for S 150 each-all sales were on store credit. 'The store uses the LIFO method to account for cost of goods sold.) The day after the fashion show, customers came in and purchased 40 green thong bikinis for $90 each an 120 floral halter bathing suits for $130 each-all sales were on store credit. (The store uses the LIFO method to account for cost of goods sold.) Pamela Anterson, a customer, called and said that she had declared bankruptcy and would not be able to pay for her black string bikini for which she still owed the store. She paid $110 for it earlier and that is what the tore had to write off. (The company uses the Allowance Method of accounting for Bad debts.. .) 3 6 10 Paid the electric bill for June, $320 3 Received payment from customers from sales made in June and from the Fashion Show,$ 13,750 14 Received the newspaper advertising bil, $160, it is due in 30 days 15 Paid the part-time worker, $350 19 Collected $2,100 of the amount owed from customers from the sales made earlier Accepted a $6,000, 996, 120 day note dated today, in granting a time extension on a past-due account receivable Paid the advertising bill which was received earlier, $160 21 Paid $1,000 on the amount owed for the store equipment purchased last month. 9 Reimbursed the Petty Cash account. The fund contained: $14.50 and had the following receipts:Supplies $45.00 and Miscellaneous Expenses $38.00 Received the bank statement from the bank. The bank statement showed that the bank issued a credit memorandum for $65 interest earned and a debit memorandum for the $20 monthly service charge. In the statement, the bank had also returned an NSF check from one of our customers for $260. Lastly, Rusty a noticed that the check issued for the store equipment, $1,000, had not yet cleared the bank. After entering adjustments needed, the cash account shows $ 45,943.50 30 5 Requirement #2 Print the Trial Balance 731M5 (Reports Menu General Ledger-) General Ledger Trial Balance check figures: Cash $45,943.50,Supplies $1,580, Accts Rec.- $13,250, Sales- $43,450, COGS-5,220 Totals $84 298) red July 2 thing suits for $150 esmwear fashion show and it sold 50 black string bikinis for $110 each and 45 cost of goods sold.) Today, the store had a s were on store credit. (The store uses the LIFO method to account for ch-all sales were on store credit. (The store uses the LIFO method to for which she till owed the store. She paid $110 for it earlier and that is what the show and each-all sales were on store credit. (The s 3 The day after the fashion show, floral halter bathing suits for $130 each-all account for cost of goods sold) Pamela Anterson, a customers came in and purchased 40 green thong bikinis for $90 each and 120 on 6 customer, called and said that she had declared bankruptcy and would not be able to pay store had to write off. (The company uses the Allowance Method of accounting for Bad debts. . ) u 10 Paid the electric bill for June, $320 3 Received payment from customers from sales made in June and from the Fashion Show, $ 13.7 4 Received the newspaper advertising bill $160, it is due in 30 days. 15 Paid the part-time worker, $350 19 Collected $2,100 of the amount owed from customers from the sales made earlier 20 AcceptedaS6 000, 9%,120 day note dated today, in granting a time extension on a past-due account receivable Paid the advertising bill which was received earlier, $160 2 21 24 Paid $1,000 on the amount owed for the store equipment purchased last month. 29 Reimbursed the Petty Cash account. The fund contained: $14.50 and 30 Received the bank statement from the bank. The bank statement showed that the bank issued a credit had the following receipts: Supplies $45.00 and Miscellaneous Expenses $38.00 memorandum for $65 interest eamed and a debit memorandum for the $20 monthly service charge. In the statement, the bank had also returned an NSF check from one of our customers for $260. Lastly, Rusty also noticed that the check issued for the store equipment, $1,000, had not yet cleared the bank. After entering the adjustments needed, the cash account shows $ 45,943.50. irement #2 Print the Trial Balance 7/31/X5. (Reports Menu.> General Ledger General Ledger Trial Balance k figures: Cash- $45,943.50; Supplies $1,580, Accts Rec.- $13,250, Sales- $43,450; COGS 5,220 Totals $84,298) 5 9 8 Hint "Since we are now moving into July transactions let's change the accounting period to July, Go to the TASKS menu at e coer of your screen System Change Accounting PeriodChoose period 19 (don't print reports) July 2 Today, the store had a swimwear fashion show and it sold 50 black string bikinis for $110 each and 45 red bathing suits for S 150 each-all sales were on store credit. 'The store uses the LIFO method to account for cost of goods sold.) The day after the fashion show, customers came in and purchased 40 green thong bikinis for $90 each an 120 floral halter bathing suits for $130 each-all sales were on store credit. (The store uses the LIFO method to account for cost of goods sold.) Pamela Anterson, a customer, called and said that she had declared bankruptcy and would not be able to pay for her black string bikini for which she still owed the store. She paid $110 for it earlier and that is what the tore had to write off. (The company uses the Allowance Method of accounting for Bad debts.. .) 3 6 10 Paid the electric bill for June, $320 3 Received payment from customers from sales made in June and from the Fashion Show,$ 13,750 14 Received the newspaper advertising bil, $160, it is due in 30 days 15 Paid the part-time worker, $350 19 Collected $2,100 of the amount owed from customers from the sales made earlier Accepted a $6,000, 996, 120 day note dated today, in granting a time extension on a past-due account receivable Paid the advertising bill which was received earlier, $160 21 Paid $1,000 on the amount owed for the store equipment purchased last month. 9 Reimbursed the Petty Cash account. The fund contained: $14.50 and had the following receipts:Supplies $45.00 and Miscellaneous Expenses $38.00 Received the bank statement from the bank. The bank statement showed that the bank issued a credit memorandum for $65 interest earned and a debit memorandum for the $20 monthly service charge. In the statement, the bank had also returned an NSF check from one of our customers for $260. Lastly, Rusty a noticed that the check issued for the store equipment, $1,000, had not yet cleared the bank. After entering adjustments needed, the cash account shows $ 45,943.50 30 5 Requirement #2 Print the Trial Balance 731M5 (Reports Menu General Ledger-) General Ledger Trial Balance check figures: Cash $45,943.50,Supplies $1,580, Accts Rec.- $13,250, Sales- $43,450, COGS-5,220 Totals $84 298)