Safari. 1:52 PM 85% - Ourstion Twe: House Store Co. completed the following transactions during the year 2030 1. April Purchased merchandise from Jerry's Wholesale Supply S4.200.250, 3. April 10 Sold merchandise en con 52,100, terma 1/30, 50. The cost of the merchandise sal 300 3. Aprils Received from Jerry Wholesale Supply for merchandise reumed 300 4. May Receive collections in full from customers billed on sales of 52.100 on May 2 5. May Pald Jerry's Wholesale Supply in full 6. May 15 Purchased merchandise from Come Distributors 51.300 FOB shipping point terms 2:30. 6. The freight of $150 was paid by the appropriate party 7. May 20. Sold merchandise to JIM Ce en account $2,000, 1. The cost of the merchandise old war 1.500 & May 24 Sold merchandise for each $3,200 The merchandises had a cost of $2,000 4 May 29 Made refunds to cash customers on May 24 for defective merchandise 560. The retumed merchandise had a cost of 10 10. June 1, Sold 510.00 of merchandise to Kandle Company, w 10. The cost of the merchandise solida 6.500 11. June 4. Accepted a $2.000.-munth, 10% from JIM Company for the hace due 12. June 16 Paid Cosme Distributions in full 13. July 1. Accepted a $10,00, 4-meth's note from Kandle Company for the balance du 14. September 5 Collected TIM Company in full 15. October 1 sold merchandise 51200 which cost 5700 280, 90 destinatie FAST Cathe freight cost of 70 paid by the appropriate party 16 December 25 collected all amount dues FAST C Date Account the CH Account Title Bhr CF Safari... 1:52 PM 85% - x Question Five: 20p ROH Company uses the periode inventory wom to count for inventaries Information related to ROB Company voey December 31 2030 ha given below October einen 400 units S10.00 October Purchase Duits $10:40 October 16 Purchase units. October 24 Purchase 200 wit 11.60 October 30 Purchase Retur Additional Information 1. Tetalles in its during the month of October 1,000 units 2. The selling Price is $17 1. Determine Cost of Ending lovestorycot of goods sold wsing FIFO method 2. Determine (1) Cost of Ending loyemeny Grcost of goods sold wine diera Cost method II Safari... 85% 1:52 PM fina! Q - Question Three 15p Layman Boat Company's hun statement for the month of December 2020 wel balance per bank of 57,180 The company Cash account is the general ledger had a balance of54167 September 10. Other information is as follows 1.Cash receipts for December 31 recorded on the company books were 5,000 but this met does not appear as deposit on the bank statement 2. The bank statement shows a debit memorandum for So so check printing charges 3. The tal amount of checks still outstanding at September 30 amounted to $5.00 4. The bank had collected evolle 59.000, plus 570 interest and the banks charged collection fee of 10 5. Check No 136 was conectly written and paid by the hank for $429. The cash paymental reflects an entry for Check No 138 as a debit so Accounts Payable and a credit to cash in Bank for $492 6. The bank returned NSF check trma customer fo330 7. A depout of 51570 was recorded incorrectly by the bank for $1750 instead of $1570 Prepare bank reconciliation for the Month of December 3/2000 2. Prepare the necessary adjusting entries related to thank recinciliation at December 312000 A U I B Safari ... 85% 1:52 PM final - II Question one: 10p Logan Company maintain petty cash fund for all expenditures. The following transactions occurred during the month of July July 1, Establishes apety cash fund timing a check for $200 2. July 15. Replenished the cash fly writing a check for 155. On this date the fund cond of 545 in cash and the following petty cash recipes fright-out 27. postage expense 535, July 15. Replenished le petty cash fand by writing a ched for $118. On this date the fund consisted of 12 in cash and the following petty cash recipe freight-cut pestage expense $40. entertainment expense 570, and encous expense SIS Instructies Journal the paily cash actions ... ... Safari... 1:52 PM 25% - .I ne FIFO Matharsmar Isummelnimrm Irsh Timran for the manil ended December 2020. and the company has the following expenses wides 300, supplies expenses $100, freight out SSO, depreciation expenses $18, rent expenses $250, was are expenses 30 and paid dividend 500 Prepare closing entries for the prepared income statement Geek || Safari. 1:52 PM 85% - Ourstion Twe: House Store Co. completed the following transactions during the year 2030 1. April Purchased merchandise from Jerry's Wholesale Supply S4.200.250, 3. April 10 Sold merchandise en con 52,100, terma 1/30, 50. The cost of the merchandise sal 300 3. Aprils Received from Jerry Wholesale Supply for merchandise reumed 300 4. May Receive collections in full from customers billed on sales of 52.100 on May 2 5. May Pald Jerry's Wholesale Supply in full 6. May 15 Purchased merchandise from Come Distributors 51.300 FOB shipping point terms 2:30. 6. The freight of $150 was paid by the appropriate party 7. May 20. Sold merchandise to JIM Ce en account $2,000, 1. The cost of the merchandise old war 1.500 & May 24 Sold merchandise for each $3,200 The merchandises had a cost of $2,000 4 May 29 Made refunds to cash customers on May 24 for defective merchandise 560. The retumed merchandise had a cost of 10 10. June 1, Sold 510.00 of merchandise to Kandle Company, w 10. The cost of the merchandise solida 6.500 11. June 4. Accepted a $2.000.-munth, 10% from JIM Company for the hace due 12. June 16 Paid Cosme Distributions in full 13. July 1. Accepted a $10,00, 4-meth's note from Kandle Company for the balance du 14. September 5 Collected TIM Company in full 15. October 1 sold merchandise 51200 which cost 5700 280, 90 destinatie FAST Cathe freight cost of 70 paid by the appropriate party 16 December 25 collected all amount dues FAST C Date Account the CH Account Title Bhr CF Safari... 1:52 PM 85% - x Question Five: 20p ROH Company uses the periode inventory wom to count for inventaries Information related to ROB Company voey December 31 2030 ha given below October einen 400 units S10.00 October Purchase Duits $10:40 October 16 Purchase units. October 24 Purchase 200 wit 11.60 October 30 Purchase Retur Additional Information 1. Tetalles in its during the month of October 1,000 units 2. The selling Price is $17 1. Determine Cost of Ending lovestorycot of goods sold wsing FIFO method 2. Determine (1) Cost of Ending loyemeny Grcost of goods sold wine diera Cost method II Safari... 85% 1:52 PM fina! Q - Question Three 15p Layman Boat Company's hun statement for the month of December 2020 wel balance per bank of 57,180 The company Cash account is the general ledger had a balance of54167 September 10. Other information is as follows 1.Cash receipts for December 31 recorded on the company books were 5,000 but this met does not appear as deposit on the bank statement 2. The bank statement shows a debit memorandum for So so check printing charges 3. The tal amount of checks still outstanding at September 30 amounted to $5.00 4. The bank had collected evolle 59.000, plus 570 interest and the banks charged collection fee of 10 5. Check No 136 was conectly written and paid by the hank for $429. The cash paymental reflects an entry for Check No 138 as a debit so Accounts Payable and a credit to cash in Bank for $492 6. The bank returned NSF check trma customer fo330 7. A depout of 51570 was recorded incorrectly by the bank for $1750 instead of $1570 Prepare bank reconciliation for the Month of December 3/2000 2. Prepare the necessary adjusting entries related to thank recinciliation at December 312000 A U I B Safari ... 85% 1:52 PM final - II Question one: 10p Logan Company maintain petty cash fund for all expenditures. The following transactions occurred during the month of July July 1, Establishes apety cash fund timing a check for $200 2. July 15. Replenished the cash fly writing a check for 155. On this date the fund cond of 545 in cash and the following petty cash recipes fright-out 27. postage expense 535, July 15. Replenished le petty cash fand by writing a ched for $118. On this date the fund consisted of 12 in cash and the following petty cash recipe freight-cut pestage expense $40. entertainment expense 570, and encous expense SIS Instructies Journal the paily cash actions ... ... Safari... 1:52 PM 25% - .I ne FIFO Matharsmar Isummelnimrm Irsh Timran for the manil ended December 2020. and the company has the following expenses wides 300, supplies expenses $100, freight out SSO, depreciation expenses $18, rent expenses $250, was are expenses 30 and paid dividend 500 Prepare closing entries for the prepared income statement Geek ||