Schocider Company has a May 31 fecal year end and adjusts accounts anually. Selected transactions in the year indude the following Jan 2 Feb 1 15 Soll $21,600 of mercurdise to Sapounas Company, terms 30. The cost of the goods soll was $12.900. Schneider uses the perpetual inventory system. Accepted a $21,600, five month, 5% promissory note from Sapounas Company for the balance due. See lantury2 transaction) Interest is payable at maturity Sold $14.400 of merchandise costing $8,640 to Garrion Company and accepted Garrison's three months%note in payment. Interest is payable at maturity Sold $11.900 of merchandises to Holtman Co, terim 1730. The cost of the mechandise sok was $7.140. Collected the amount owing from Hoffen. Cantul Collected the Garriso note is full. See February 15 traction Activate Windows Mar 15 April 15 May 15 Accrued interested 31 July 1 Accrued interest at year end. Sapounas Company dishonoured its note of February 1. The company is bankrupt and there is no hope of future settlement. Sold $6.000 merchandise costing $3,600 to Weber Enterprises and accepted Weber's $6,000, three-month, 7% note for the amount due, with interest payable at maturity. The Weber Enterprises note was dishonoured. (See July 13 transaction.) it is expected that Weber will eventually pay the amount owed. 13 Oct 13 Record the above transactions. Assume Schneider Company has no stated return policy. (Round answers to decimal places, es S275 Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit v (To record sale on account.) Activate Windows Go to Settings to activate W Schneider Company has a May 31 fiscal year end and adjusts accounts annually. Selected transactions in the year included the following: Jan. 2 Feb. 1 Sold $21,600 of merchandise to Sapounas Company, terms r/30. The cost of the goods sold was $12,960. Schneider uses the perpetual inventory system. Accepted a $21,600, five-month, 5% promissory note from Sapounas Company for the balance due. (See January 2 transaction.) Interest is payable at maturity. Sold $14,400 of merchandise costing $8,640 to Garrison Company and accepted Garrison's three month 5% note in payment. Interest is payable at maturity Sold $11.900 of merchandise to Hoffman Co. terms /30. The cost of the merchandise sold was $7,140. 15 Collected the amount owing from Hoffman Co. in full Mar 15 April 15 May 15 31 July Collected the Garrison note in full. (See February 15 transaction.) Accrued interest at year end. Sapounas Company dishonoured its note of February 1. The company is bankrupt and there is no hope of futur Activate W Go to Set 15 Collected the Garrison note in full. (See February 15 transaction.) May 15 31 July 1 Accrued interest at year end. Sapounas Company dishonoured its note of February 1. The company is bankrupt and there is no hope of future settlement. Sold $6,000 merchandise costing $3,600 to Weber Enterprises and accepted Weber's $6,000, three-month. 7% note for the amount due, with interest payable at maturity. The Weber Enterprises note was dishonoured (See July 13 transaction.) it is expected that Weber will eventually pay the amount owed. 13 Oct. 13 Record the above transactions. Assume Schneider Company has no stated return policy. (Round answers to decimal places, es. 5,275. Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Activate So to Settings Date Account Titles and Explanation Debit Credit (To record sale on account.) V (To record cost of goods sold.) v 0 (Accept note for accounts receivable.) Activate v Go to Setting 23 IT View Policies Current Attempt in Progress Schneider Company has a May 31 fiscal year end and adjusts accounts annually. Selected transactions in the year included the following: Jan. 2 Feb. 1 Sold $21,600 of merchandise to Sapounas Company, terms r/30. The cost of the goods sold was $12.960, Schneider uses the perpetual inventory system. Accepted a $21,600, five-month, 5% promissory note from Sapounas Company for the balance due. (See January 2 transaction.) Interest is payable at maturity. Sold $14.400 of merchandise costing $8,640 to Garrison Company and accepted Garrison's three-month, 5% note in payment. Interest is payable at maturity. Sold $11,900 of merchandise to Hoffman Co, terms /30. The cost of the merchandise sold was $7,140. 15 Mar. 15 Feh. 1 15 Accepted a $21,600, five-month, 5% promissory note from Sapounas Company for the balance clue. (See January 2 transaction.) Interest is payable at maturity. Sold $14,400 of merchandise costing $8,640 to Garrison Company and accepted Garrison's three month, 5% note in payment. Interest is payable at maturity. Sold $11,900 of merchandise to Hoffman Co.,termsr/30. The cost of the merchandise sold was $7.140. Mar. 15 April 15 Collected the amount owing from Hoffman Co. in full May 15 31 July 1 Collected the Garrison note in full. (See February 15 transaction) Accrued interest at year end. Sapounas Company dishonoured its note of February 1. The company is bankrupt and there is no hope of future settlement Sold $6,000 merchandise costing $3,600 to Weber Enterprises and accepted Weber's $6,000, three month, 7% note for the amount due, with interest payable at maturity. The Weber Enterprises note was dishonoured. (See July 13 transaction. It is expected that Weber will eventually pay the amount owed. 13 Oct. 13 ! 1 13 settlement. Sold $6,000 merchandise costing $3,600 to Weber Enterprises and accepted Weber's $6,000, three month, 7% note for the amount due, with interest payable at maturity. The Weber Enterprises note was dishonoured. (See July 13 transaction. It is expected that Weber will eventually pay the amount owed. Oct. 13 Record the above transactions. Assume Schneider Company has no stated return policy. (Round answers to decimal places, es. 5,275. Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts Record Journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record sale on account.) Activate Go to Setti (To record cost of goods sold.) Question 3 of 19 (To record cost of goods sold.) c Activate W Go to Settings