Riview the opening account balance in the ledger account provided....

DATA and TRANSACTIONS Assumit Monday, May 1, 202, the first day of my head and Company, which operates with monthly Alloc.com.mm through the end of April Kodi iesa perpctulanto, Theod310, During your fintment on the eyes on the following May I fond beque 3410 YOUR LAST NAME Management into eyes Chap 79% of the rate Rent Experie Selling Spaced the balance Net Olice Spact. Totalt of the chaque May2 de 5411 to Village of Kipp for watches, May ? Sold merchandise on credit to the Chinese Tractor Company The all price for the mechando The whole con of the merchandise May 2 Tood acrolit mendunt Waterton Formen for merchandise und which they started to credit. The method was un The mom was for the The act of the comment May) Received a crede mode from. Can aluts for studieportale and that were fordi The aunt of the return May + Purchased the following items en crodis from Tallery Co with me to My.com WIO BOM Merchandise for ce que 51.000.00 S. 5.000 My Hoceived you from Warmere il May dhe 3412 Canela dots pay for the of the purchase had been 31030) Mayil Heervolyment from Chinook Trace Company for the May 12 Receivel a creditorum The Sly Car for defect May to attend for credit. The them May Is Reeded the chals for the final of them The well for the mechani The wholesale cost of the mechandise May 17 Received machine and on the duted May 14 cm.270, n. thom The Ki Com of the May 2 soal merchandise to be serio. Tem The total price for the merchandise The whole con of the methode May be cheq 541% 0 [YOUR FIRST NAME: Wadsepte Mes die The of the May 29 The wet, Benny Kotak, withdy from the Super 5414 The most of the withdrawa Mayo Received payment from Caldale Services for the Maya May 30 Made ancoctictreepy the up May 30 sed chepe #3414. payable to A Divery Services for the following - Shipping cost for coming more May Recorded the cable for the colle The alle for the end The utailpuligatus actualist: 55.00 SI5.00.00 123.40.00 These are the account balances that should appear in the General Ledger accounts at the end of Step #3 of the problem. Kodiak Enterprises UNADJUSTED Trial Balance May 31, 201X Account Titles Debit Credit 94,530 6,000 44,698 865 850 2.400 60,272 45,000 80.000 56.750 42,550 12,400 Cash A/R Turin A/R Chinook A/R Waterton A/R Coaldale Merchandise Inventory Office Supplies Store Supplies Prepaid Insurance Office Equipment Accumulated Deprec Office Equip Store Equipment Accumulated Deprec Store Equip A/P Kipp A/P Windworks A/P Canola A/P Taber Bank Loan Payable Benny Kodiak, Capital Benny Kodiak, Withdrawals Sales Sales Returns & Allowance Sales Discounts Interest Revenue Cost of Goods Sold Depreciation Exp. Office Equip Depreciation Exp. Store Equip Insurance Expense Rent Expense Office Space Rent Expense Store Space Office Supplies Expense Store Supplies Expense Bank Charges Expense Utilities Expense 10,637 73,700 20,000 2,350 102,400 1,600 494 66,528 500 1,500 850 363,437 363,437 DATA and TRANSACTIONS Assume it is Monday, May 1, 202X, the first business day of the month, and you have just been hired as the accountant for Kodi and Company, which operates with monthly accounting periods. All of the company's accounting work has been completed through the end of April. Kodi uses a perpetual system to account for inventory. The terms of all credit sales are 2/10,n/30, During your first month on the job, you record the following transactions: May 1 Issued cheque #3410 to [YOUR LAST NAME) Management Co. in payment of the May rent. Charge 75% of the rent to Rent Expense - Selling Space and the balance to Rent Expense Office Space. Total amount of the cheque is: May2 Issued cheque #3411 to Village of Kipp for water & sewer charges, total is: May 2 Sold merchandise on credit to the Chinook Tractor Company, invoice 8785. The total retail price for the merchandise is: The wholesale cost of the merchandise is: $2,000,00 $500.00 $10,000.00 $6,600.00 Kodi_and_Co 2021 Riley.xlsm Student $1,600,00 $1,056.00 May2 issued a credit memorandum to Waterton Farms Inc. for merchandise we sold them on April 30 and which they returned for credit. The merchandise was returned to inventory The memorandum was for the amount of The wholesale cost of the returned merchandise is: May 3 Received a credit memorandum from Canola Products for merchandise purchased on April 29 and that we returned for credit this morning, The amount of the return was: May 4 Purchased the following items on credit from Taber Supply Co. with invoice dated May 4, terms n/10 EOM - Merchandise for resale: Office Equipment: - Office Supplies: $1.250,00 $10,000.00 $800.00 $365.00 $528.00 $48,000.00 $31,680.00 S42,550.00 May 7 Received payment from Waterton Farms Inc. from the sale of April 30. May 8 Issued cheque #3412 to Canola Products to pay for the merchandise received on April 29 (terms of the purchase had been 2/10 n/30). May 11 Received payment from Chinook Tractor Company for the May2 sale. May 12 Received a credit memorandum from Taber Supply Co. for defective office equipment received on May 10 and returned for credit. The amount of the return was: May 15 Recorded the cash sales for the first half of the month. The total retail price for the merchandise is: The wholesale cost of the merchandise is: May 17 Received merchandise and an invoice dated May 14, terms 2/10, n/60, from The Kipp Corp. The amount of the invoice was May 22 Sold merchandise to Coaldale Services, invoice 8786. Terms 2/10, 1/60. The total retail price for the merchandise is: The wholesale cost of the merchandise is: May 26 Issued cheque # 3413 to [YOUR FIRST NAME] Power Works in payment of the May electric bill. The amount of the bill was: May 29 The owner, Benny Kodiak, withdrew money from the business for personal use using cheque # 3414. The amount of the withdrawal was: May 30 Received payment from Coaldale Services for the May 22 sale. May 30 Made an electronic transfer to pay the monthly bank loan payment May 30 Issued cheque #3416, payable to Al's Delivery Services for the following transaction: - shipping cost for incoming merchandise May 31 Recorded the cash sales for the second half of the month. The total retail price for the merchandise is: The wholesale cost of the merchandise is: $8,800.00 $5,808.00 $350.00 $2,350.00 $1,200.00 $225,00 $35,600.00 $23,496.00 These are the account balances that should appear in the General Ledger accounts at the end of Step #3 of the problem. Kodiak Enterprises UNADJUSTED Trial Balance May 31, 201X Account Titles Debit Credit 94.530 6,000 44,698 865 850 2,400 60,272 45,000 80.000 56.750 42,550 12,400 Cash A/R Turin A/R Chinook A/R Waterton A/R Coaldale Merchandise Inventory Office Supplies Store Supplies Prepaid Insurance Office Equipment Accumulated Deprec Office Equip Store Equipment Accumulated Deprec Store Equip A/P Kipp A/P Windworks A/P Canola A/P Taber Bank Loan Payable Benny Kodiak, Capital Benny Kodiak, Withdrawals Sales Sales Returns & Allowance Sales Discounts Interest Revenue Cost of Goods Sold Depreciation Exp. Office Equip Depreciation Exp. Store Equip Insurance Expense Rent Expense Office Space Rent Expense Store Space Office Supplies Expense Store Supplies Expense Bank Charges Expense Utilities Expense 10,637 73,700 20,000 2,350 102,400 1,600 494 66,528 500 1,500 850 363,437 363,437 DATA and TRANSACTIONS Assumit Monday, May 1, 202, the first day of my head and Company, which operates with monthly Alloc.com.mm through the end of April Kodi iesa perpctulanto, Theod310, During your fintment on the eyes on the following May I fond beque 3410 YOUR LAST NAME Management into eyes Chap 79% of the rate Rent Experie Selling Spaced the balance Net Olice Spact. Totalt of the chaque May2 de 5411 to Village of Kipp for watches, May ? Sold merchandise on credit to the Chinese Tractor Company The all price for the mechando The whole con of the merchandise May 2 Tood acrolit mendunt Waterton Formen for merchandise und which they started to credit. The method was un The mom was for the The act of the comment May) Received a crede mode from. Can aluts for studieportale and that were fordi The aunt of the return May + Purchased the following items en crodis from Tallery Co with me to My.com WIO BOM Merchandise for ce que 51.000.00 S. 5.000 My Hoceived you from Warmere il May dhe 3412 Canela dots pay for the of the purchase had been 31030) Mayil Heervolyment from Chinook Trace Company for the May 12 Receivel a creditorum The Sly Car for defect May to attend for credit. The them May Is Reeded the chals for the final of them The well for the mechani The wholesale cost of the mechandise May 17 Received machine and on the duted May 14 cm.270, n. thom The Ki Com of the May 2 soal merchandise to be serio. Tem The total price for the merchandise The whole con of the methode May be cheq 541% 0 [YOUR FIRST NAME: Wadsepte Mes die The of the May 29 The wet, Benny Kotak, withdy from the Super 5414 The most of the withdrawa Mayo Received payment from Caldale Services for the Maya May 30 Made ancoctictreepy the up May 30 sed chepe #3414. payable to A Divery Services for the following - Shipping cost for coming more May Recorded the cable for the colle The alle for the end The utailpuligatus actualist: 55.00 SI5.00.00 123.40.00 These are the account balances that should appear in the General Ledger accounts at the end of Step #3 of the problem. Kodiak Enterprises UNADJUSTED Trial Balance May 31, 201X Account Titles Debit Credit 94,530 6,000 44,698 865 850 2.400 60,272 45,000 80.000 56.750 42,550 12,400 Cash A/R Turin A/R Chinook A/R Waterton A/R Coaldale Merchandise Inventory Office Supplies Store Supplies Prepaid Insurance Office Equipment Accumulated Deprec Office Equip Store Equipment Accumulated Deprec Store Equip A/P Kipp A/P Windworks A/P Canola A/P Taber Bank Loan Payable Benny Kodiak, Capital Benny Kodiak, Withdrawals Sales Sales Returns & Allowance Sales Discounts Interest Revenue Cost of Goods Sold Depreciation Exp. Office Equip Depreciation Exp. Store Equip Insurance Expense Rent Expense Office Space Rent Expense Store Space Office Supplies Expense Store Supplies Expense Bank Charges Expense Utilities Expense 10,637 73,700 20,000 2,350 102,400 1,600 494 66,528 500 1,500 850 363,437 363,437 DATA and TRANSACTIONS Assume it is Monday, May 1, 202X, the first business day of the month, and you have just been hired as the accountant for Kodi and Company, which operates with monthly accounting periods. All of the company's accounting work has been completed through the end of April. Kodi uses a perpetual system to account for inventory. The terms of all credit sales are 2/10,n/30, During your first month on the job, you record the following transactions: May 1 Issued cheque #3410 to [YOUR LAST NAME) Management Co. in payment of the May rent. Charge 75% of the rent to Rent Expense - Selling Space and the balance to Rent Expense Office Space. Total amount of the cheque is: May2 Issued cheque #3411 to Village of Kipp for water & sewer charges, total is: May 2 Sold merchandise on credit to the Chinook Tractor Company, invoice 8785. The total retail price for the merchandise is: The wholesale cost of the merchandise is: $2,000,00 $500.00 $10,000.00 $6,600.00 Kodi_and_Co 2021 Riley.xlsm Student $1,600,00 $1,056.00 May2 issued a credit memorandum to Waterton Farms Inc. for merchandise we sold them on April 30 and which they returned for credit. The merchandise was returned to inventory The memorandum was for the amount of The wholesale cost of the returned merchandise is: May 3 Received a credit memorandum from Canola Products for merchandise purchased on April 29 and that we returned for credit this morning, The amount of the return was: May 4 Purchased the following items on credit from Taber Supply Co. with invoice dated May 4, terms n/10 EOM - Merchandise for resale: Office Equipment: - Office Supplies: $1.250,00 $10,000.00 $800.00 $365.00 $528.00 $48,000.00 $31,680.00 S42,550.00 May 7 Received payment from Waterton Farms Inc. from the sale of April 30. May 8 Issued cheque #3412 to Canola Products to pay for the merchandise received on April 29 (terms of the purchase had been 2/10 n/30). May 11 Received payment from Chinook Tractor Company for the May2 sale. May 12 Received a credit memorandum from Taber Supply Co. for defective office equipment received on May 10 and returned for credit. The amount of the return was: May 15 Recorded the cash sales for the first half of the month. The total retail price for the merchandise is: The wholesale cost of the merchandise is: May 17 Received merchandise and an invoice dated May 14, terms 2/10, n/60, from The Kipp Corp. The amount of the invoice was May 22 Sold merchandise to Coaldale Services, invoice 8786. Terms 2/10, 1/60. The total retail price for the merchandise is: The wholesale cost of the merchandise is: May 26 Issued cheque # 3413 to [YOUR FIRST NAME] Power Works in payment of the May electric bill. The amount of the bill was: May 29 The owner, Benny Kodiak, withdrew money from the business for personal use using cheque # 3414. The amount of the withdrawal was: May 30 Received payment from Coaldale Services for the May 22 sale. May 30 Made an electronic transfer to pay the monthly bank loan payment May 30 Issued cheque #3416, payable to Al's Delivery Services for the following transaction: - shipping cost for incoming merchandise May 31 Recorded the cash sales for the second half of the month. The total retail price for the merchandise is: The wholesale cost of the merchandise is: $8,800.00 $5,808.00 $350.00 $2,350.00 $1,200.00 $225,00 $35,600.00 $23,496.00 These are the account balances that should appear in the General Ledger accounts at the end of Step #3 of the problem. Kodiak Enterprises UNADJUSTED Trial Balance May 31, 201X Account Titles Debit Credit 94.530 6,000 44,698 865 850 2,400 60,272 45,000 80.000 56.750 42,550 12,400 Cash A/R Turin A/R Chinook A/R Waterton A/R Coaldale Merchandise Inventory Office Supplies Store Supplies Prepaid Insurance Office Equipment Accumulated Deprec Office Equip Store Equipment Accumulated Deprec Store Equip A/P Kipp A/P Windworks A/P Canola A/P Taber Bank Loan Payable Benny Kodiak, Capital Benny Kodiak, Withdrawals Sales Sales Returns & Allowance Sales Discounts Interest Revenue Cost of Goods Sold Depreciation Exp. Office Equip Depreciation Exp. Store Equip Insurance Expense Rent Expense Office Space Rent Expense Store Space Office Supplies Expense Store Supplies Expense Bank Charges Expense Utilities Expense 10,637 73,700 20,000 2,350 102,400 1,600 494 66,528 500 1,500 850 363,437 363,437