required:

1. seller's journal entries

2. buyer's journal entries

required:

1. entry for petty cash

Make the following Journal Entries Provided a description of each Journal Entry Based on the Bank Reconciliation and the following information make the required joumal entries for the Bank Reconciliation 1. NSF check was from Brent White 2. Check #2154 was for office supplies 3. The interest on the notes was $175, this was part of the tal collected of $2,075 4. Service Fee of 21 Seller uses the following accounts: Sales, Sales Discounts, Sale Returns \& Allowances, COGS, Merchandise Inventory, Cash, and Accounts Receivable (AR) Buyer uses the following accounts Merchandise Inventory, Accounts Payable, Cash 09/05/20 Seller sold merchandise on account to buyer for 9,000 terms FOB Shipping point, 2/10, N 30 The cost of the merchandise sold was Make the following Entry for Petty Cash GL Balance of Petty Cash Fund 11/30/20 Had the following Receipts in Petty Cash Office Supplies Refreshments (Miscellaneous Expense) Postage Counted total Cash of Surf Corp has a credit balance in the Allowance of Doubtful Accounts of $5,500 and a debit balance in the Accounts Receivable of $55,000. The following transactions were completed in April. Surf Corp using the percent's of credit sales method for allowance calculations. 04/02/19 Received a payment of the previously written off account of Hang Ten Dude in the amount of 375 04/06/19 Received a letter from Leo Sands Inc.'s attorney that Leo Sands is bankrupts, Leo Sands had an outstanding balance of 2,750 \begin{tabular}{|l|l|l} \hline 04/08/19 & Received a total of & 3300 \\ & of Short Board accounts which was & 7500 \end{tabular} Short Board has gone bankrupt, so we will write off the remainder of their account \begin{tabular}{|r|l|r|} \hline 04/30/19 & Cash sales for the month were & 75,000 \\ \hline & Credit sales for the month were & 155,000 \\ \hline & Journal entries for these sales have been made. & \\ \hline 04/30/19 & We estimate that & 1.95% \\ \hline \end{tabular} of credit sales will not be collected. Make the necessary journal entry to record the estimated bad debts expense Make the following Journal Entries Provided a description of each Journal Entry Based on the Bank Reconciliation and the following information make the required joumal entries for the Bank Reconciliation 1. NSF check was from Brent White 2. Check #2154 was for office supplies 3. The interest on the notes was $175, this was part of the tal collected of $2,075 4. Service Fee of 21 Seller uses the following accounts: Sales, Sales Discounts, Sale Returns \& Allowances, COGS, Merchandise Inventory, Cash, and Accounts Receivable (AR) Buyer uses the following accounts Merchandise Inventory, Accounts Payable, Cash 09/05/20 Seller sold merchandise on account to buyer for 9,000 terms FOB Shipping point, 2/10, N 30 The cost of the merchandise sold was Make the following Entry for Petty Cash GL Balance of Petty Cash Fund 11/30/20 Had the following Receipts in Petty Cash Office Supplies Refreshments (Miscellaneous Expense) Postage Counted total Cash of Surf Corp has a credit balance in the Allowance of Doubtful Accounts of $5,500 and a debit balance in the Accounts Receivable of $55,000. The following transactions were completed in April. Surf Corp using the percent's of credit sales method for allowance calculations. 04/02/19 Received a payment of the previously written off account of Hang Ten Dude in the amount of 375 04/06/19 Received a letter from Leo Sands Inc.'s attorney that Leo Sands is bankrupts, Leo Sands had an outstanding balance of 2,750 \begin{tabular}{|l|l|l} \hline 04/08/19 & Received a total of & 3300 \\ & of Short Board accounts which was & 7500 \end{tabular} Short Board has gone bankrupt, so we will write off the remainder of their account \begin{tabular}{|r|l|r|} \hline 04/30/19 & Cash sales for the month were & 75,000 \\ \hline & Credit sales for the month were & 155,000 \\ \hline & Journal entries for these sales have been made. & \\ \hline 04/30/19 & We estimate that & 1.95% \\ \hline \end{tabular} of credit sales will not be collected. Make the necessary journal entry to record the estimated bad debts expense