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The Puzzle Maze Company sells games and puzzles using a perpetual inventory method. The following transactions took place in April 2014. 1 Paid $12,000 in

The Puzzle Maze Company sells games and puzzles using a perpetual inventory method. The following transactions took place in April 2014.

1

Paid $12,000 in advance for rent

3

Purchased supplies for the office paying cash in the amount of $1,560

4

Received cash in the amount of $3,450 and credit sales of $1,240 for puzzles sold. Inventory cost $2,345

8

Purchased inventory on account in the amount of $2,345

14

Paid wages of $2,367.

16

Received cash sales in the amount of $1,246; inventory sold cost $623.

24

Paid for the inventory purchased on April 8.

26

Paid the utility bill for $256 and for internet access in the amount of $175.

29

Purchased advertising on account in the amount of $650. The advertising will be for three months starting May 1.

30

Received cash in the amount of $2,450 and credit sales of $3,240 for puzzles sold. Inventory cost $2,845

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