stion list

uestion $1$

uestion $2$

Iestion $3$

estion $4$

Data table

$\backslash$table$[[$Number$,$Account,Number,Account$],[11,$Cash,$18,$Equipment$],[12,$Accounts Receivable,$19,$Land$],[13,$Notes Receivable,$41,$Sales Revenue$],[15,$Merchandise Inventory,$51,$Cost of Goods Sold$],[16,$Office Supplies,,$]]$

Assume Peaceful Springs Glass Company uses the perpetual inventory system. The general ledger of Peaceful Springs Glass Company includes the following selected accounts, along with their account numbers:

$($Click on the icon to view the accounts.$)$

Sales and cash receipts transactions in July were as follows:

$($Click on the icon to view the transactions.$)$

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More info

Jul. $2$ Sold merchandise inventory on credit, terms $\frac{n}{30},$ to Intelysis, Inc, $$1,300($cost$,$ $$600)$

Jul. $3$

Sold office supplies to an employee at cost$,$ $$95,$ receiving cash.

Jul. $7$

Cash sales for the week totaled $$1,900($cost$,$ $$1,600).$

Jul. $9$ Sold merchandise inventory on account, terms n$/30,$ to A$.$ B$.$ Moore, $$7,300($cost$,$ $$5,400)$

Jul. $10$ Sold land that cost $$11,000$ for cash of the same amount.

Jul. $11$

Sold merchandise inventory on account, terms $\frac{n}{30},$ to Smart Electric, $$5,700($cost$,$ $$3\mathrm{.}520)$

Jul. $12$

Received cash from Intelysis in full settlement of its account receivable from July $2.$

Jul. $14$ Cash sales for the week were $$2,100($cost$,$ $$1,300).$

Jul. $15$

Sold merchandise inventory on credit, terms $\frac{n}{30},$ to the partnership of West & Bob, $$3,100($cost$,$ $$2,450).$

Jul. $20$

Sold merchandise inventory on account, terms $\frac{n}{30},$ to Smart Electric, $$750($cost$,$ $$260)$

Jul. $21$ Cash sales for the week were $$985($cost$,$ $$630).$

Jul. $22$

Received $$4,700$ cash from A$.$ B$.$ Moore in partial settlement of his account receivable.

Jul. $25$

Received cash from West & Bob for its account receivable from July $15.$

Jul. $25$

Sold merchandise inventory on account, terms n$/30,$ to Oggie Co$,$ $$1,550($cost$,$ $$1\mathrm{.}050$