The company had total sales on account (includes credit card sales) of $165,429.71.

FTS takes all cash and checks received from customers to the bank on Saturday morning. All deposits are for food sales except for $2,370 for catering provided in January 2021 and $840 for catering to be provided in February 2021 during the last week (1/26/2021 deposit.) The weekly deposit slips shows the amount of cash sales. Record the cash sales in four separate journal entries in one for each weekly deposit slip.

The company does not track inventory movement during the month or record the use of inventory as each sale occurs. You will record the change in inventory and cost of goods sold when you make the entry to adjust the balance in the inventory account to equal the value of inventory on hand on January 31.

Customers use credit cards to pay FTS. FTS then submits a request for payment to the credit card bank. The credit card banks make automatic payments to the companys bank account.

The Credit Card Receipts Report gives the amount of payments FTS received from the credit card banks (customers on account).

Record the total cash the company received from customers on account in one entry.

The company uses two different accounts to record amounts paid to employees: 1) wage expense for workers and 2) salary expense for management.

You will record two separate journal entries.

1. Wages and salaries paid to employees during January.
2. Wages and salaries earned in January that will be paid in February.

Accrued compensation (similar to salaries payable) is the account Fuzzy uses to record amounts owed to employees and for income tax withholdings. Employee withholdings for taxes are held by FTS and paid at the end of each quarter (March 2021). FTS owes the government for withholding amounts and records a liability in the account accrued compensation until the amounts are paid. Cash paid to employees does not include the amounts withheld for income tax.

Cash $ 2.514.00 Preston 2800 N. College Dr. Beach Ball, FL 43215 Liel Chrob. 1 $ 17.49 Bluffy's Taco Shop $ 2,842.70 $ Date 5.LILI Lr-. C... Rrurier Saturday, January 3, 2021 Tollll Tell Drill $ $ 2,842.70 Wells Fargo Bank 317654924 Cash $ 3,423.15 2800 N. College Dr. Beach Ball, FL 43215 Liel Chrob. 2 $ 37.30 Olutty's Taco Shop Sabloll Lro. Cabrerlord $ 3,439.67 $ Date Saturday, January 16, 2021 Tolailles T.L1 Depull $$ 3,439.67 Wells Fargo Bank 317654321 IIIIIIII Cash $ 1,831.01 farin 2800 N. College Dr. Beach Ball, FL 43215 Lil Chrob. $ Olutty's, Taco Shop $ 2,626.65 Date Saturday, January 23, 2021 5.kl.lal Lra. C. Rraplard Tolailles Tell Dril $ 2,626.65 Wells Fargo Bank 17654321 IIIIIIII Cash $ 2,331.00 For Liel Chrob. 2 $ 3,210.00 Oluffy's. Taco Shop $ 3,824.41 5.LILI Lru. Ca. Rrariard Date Saturday, January 30, 2021 Taller Toll Depo.ll $ 3,824.41 Wells Fargo Bank 317654121 Fluffy's Taco Shop Credit Card Receipts Report January 1, 2021 - January 31, 2021 Date 1/4/2021 1/11/2021 1/18/2021 1/25/2021 Description 1.1.15 - 1.10.15 Aggregate ACH Clearances... 1.11.15-1.17.15 Aggregate ACH Clearances... 1.18.15-1.24.15 Aggregate ACH Clearances... 1.25.15-1.31.15 Aggregate ACH Clearances... Payment $ 43,212.55 $ 42,181.57 $ 37,893.92 $ 38,422.90 $ 161,710.94 Monthly Payroll Report January 1, 2021 - January 31, 2021 Worked in January and Employees Paid in January Per Hour Rate $9.33 $10.15 Hours 3375 253 Wages Total Amt $31,488.75 $2,567.95 Salary Total Amt Employee Withholding $2,959.94 $241.39 $2,786.88 $5,988.20 Net Paid To Employees $28,528.81 $2,326.56 $13,463. $44,318.50 $34,056.70 $16,250.00 $16,250.00 Worked in January and Not Yet Paid Per Hour Wages Salary Rate Total Amt Total Amt Hours 529 $9.33 $10.15 $4,935.57 $517.65 51 $4,320.76 $4,320.76 $5,453.22 Cash $ 2.514.00 Preston 2800 N. College Dr. Beach Ball, FL 43215 Liel Chrob. 1 $ 17.49 Bluffy's Taco Shop $ 2,842.70 $ Date 5.LILI Lr-. C... Rrurier Saturday, January 3, 2021 Tollll Tell Drill $ $ 2,842.70 Wells Fargo Bank 317654924 Cash $ 3,423.15 2800 N. College Dr. Beach Ball, FL 43215 Liel Chrob. 2 $ 37.30 Olutty's Taco Shop Sabloll Lro. Cabrerlord $ 3,439.67 $ Date Saturday, January 16, 2021 Tolailles T.L1 Depull $$ 3,439.67 Wells Fargo Bank 317654321 IIIIIIII Cash $ 1,831.01 farin 2800 N. College Dr. Beach Ball, FL 43215 Lil Chrob. $ Olutty's, Taco Shop $ 2,626.65 Date Saturday, January 23, 2021 5.kl.lal Lra. C. Rraplard Tolailles Tell Dril $ 2,626.65 Wells Fargo Bank 17654321 IIIIIIII Cash $ 2,331.00 For Liel Chrob. 2 $ 3,210.00 Oluffy's. Taco Shop $ 3,824.41 5.LILI Lru. Ca. Rrariard Date Saturday, January 30, 2021 Taller Toll Depo.ll $ 3,824.41 Wells Fargo Bank 317654121 Fluffy's Taco Shop Credit Card Receipts Report January 1, 2021 - January 31, 2021 Date 1/4/2021 1/11/2021 1/18/2021 1/25/2021 Description 1.1.15 - 1.10.15 Aggregate ACH Clearances... 1.11.15-1.17.15 Aggregate ACH Clearances... 1.18.15-1.24.15 Aggregate ACH Clearances... 1.25.15-1.31.15 Aggregate ACH Clearances... Payment $ 43,212.55 $ 42,181.57 $ 37,893.92 $ 38,422.90 $ 161,710.94 Monthly Payroll Report January 1, 2021 - January 31, 2021 Worked in January and Employees Paid in January Per Hour Rate $9.33 $10.15 Hours 3375 253 Wages Total Amt $31,488.75 $2,567.95 Salary Total Amt Employee Withholding $2,959.94 $241.39 $2,786.88 $5,988.20 Net Paid To Employees $28,528.81 $2,326.56 $13,463. $44,318.50 $34,056.70 $16,250.00 $16,250.00 Worked in January and Not Yet Paid Per Hour Wages Salary Rate Total Amt Total Amt Hours 529 $9.33 $10.15 $4,935.57 $517.65 51 $4,320.76 $4,320.76 $5,453.22