Someone please help me with my accounting homework Used Ski Gear Store: Complete journal entries, trial balance, adjusting entries and adjusted trial balance. June 1
Someone please help me with my accounting homework
Used Ski Gear Store: Complete journal entries, trial balance, adjusting entries and adjusted trial balance.
June 1 Paid $700 for the month of June.
June 2 Paid remaining $50 on ski store supplies purchased last month.
June 2 Purchased $300 worth of ski equipment for sales with cash.
June 3 Sold ski equipment to customers for $95 cash.
June 4 Paid $2,400 to The Ski Co. for the inventory purchased in May.
June 4 Purchased 20 poles for $12 each on credit from Ski Pole Co. with terms 2/10, net 30.
June 7 Paid helper for 5 hours of work for the past week in cash.
June 9 Sold skis and poles to customers for $100 cash.
June 9 Sold 10 pairs of extra warm ski socks for $25 each, and 75 of the ski socks for $20 each to customers for cash.
June 10 Sold 30 of the ski socks for $20 each to customers for cash.
June 10 Purchase 30 more of the poles for $14 each from Ski Pole Co. on credit, with terms 2/10, net 30.
June 14 Sold 15 of the poles to customers for $25 each for cash.
June 15 Paid on account for Ski Pole Co. purchased on June 4.
June 15 Sold skis and poles for $70 cash.
June 15 Paid helper for 10 hours of work for the past week in cash.
June 16 Purchased skis for $300 cash.
June 17 Sold poles for $60 cash.
June 17 Sold 25 of the ski socks for $20 each to customers for cash.
June 17 A customer ordered 75 of the ski poles for $22 each, and paid a deposit in advance of $500.
June 20 Purchased (on credit, terms 2/10, net 30) and received 200 poles costing $9 each to fulfill the customer order and restock inventory.
June 20 Sold skis for $70 cash.
June 20 Paid $80 for June telephone bill.
June 21 Paid helper for 8 hours of work for the past week in cash.
June 25 Customer picked up order for 75 pairs of ski socks for $22 each, paying the balance in cash.
June 25 Paid on account for the Ski Pole Co. purchase on June 10.
June 26 Purchased 25 of the ski poles for $12 each on credit, terms 2/10, net 30.
June 28 Paid helper for 5 hours of work for the past week in cash.
June 28 Sold skis to customer for $90 cash.
June 28 Sold 40 ski socks for $20 each to customers for cash.
June 30 Paid $75 for for June electric bill.
June 30 Declared and paid $500 dividends.
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Authors: Dr David Tuffley
1st Edition
1461130468, 978-1461130468
