TRANSACTIONS FOR JUNE 3-9

June 6

Service and installation work were completed on a customer's jet ski

personal watercraft and the customer paid cash for the work

completed.The sales invoice lists $156.00 for 2.4 hours of labor,

$421.40 for accessories, and 8% sales tax on the total (labor and

accessories).Invoice Number: G4013.

Round all sales tax calculations to the nearest cent (Example:

$46.192= $46.19 sales tax).

Merchandise listed on the sales invoice:

The stainless impeller being sold for $176.40 cost the business

$88.20.The nozzel extension cost $122.50 and is being sold for

$245.00. ALL accessories carry a 50% "normal" markup on

June 6

A new shipment of Kawasaki Jet Ski personal watercraft for

inventory was received.The invoice from Kawasaki USA lists the

total net purchase price of $46,180.00, credit terms of 2/10, n/30,

FOB shipping point terms, and the models shipped.Freight charges

of $100.00 are included in the invoice which totals $46,280.00.

Invoice Number: K4461.Vendor Number: 24500.

Please note that all merchandise purchases by Granite Bay Jet

Ski- II are recorded NET.

The NET purchase price of the merchandise has been calculated

at $46,180 (list price of $47,122.45 x .98 = total net cost of

$46,180).

selling price (100% markup on net cost).

June 6

The Rascal Bar Jetters were billed $303.80 plus sales tax for accessories installed for no-charge on their racing craft.All sales tax

calculations should be rounded to the nearest cent.Invoice Number:

G4014.Customer Number: 11780.

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Account

NumberAccount TitleClassification

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101Cash

102Petty Cash

105Accounts Receivable

106Allowance for Doubtful Accts.

109Notes Receivable

111Storage Fees Receivable

113Interest Receivable

115Merchandise Inventory

121Prepaid Insurance

124Prepaid Property Tax

125Prepaid Advertising

127Store and Shop Supplies

131Store Equipment and Fixtures

132Acc. Deprec.: Store Equip. and Fix.

135Shop Equipment

136Accum. Deprec.: Shop Equipment

139Trucks

140Accumulated Deprec.: Trucks

201Accounts Payable

203Notes Payable

205Sales Tax Payable

207Dividends Payable

209Salaries and Wages Payable

211Est. Property Tax Payable

213Income Taxes Payable

215Interest Payable

221Unearned Storage Fees

230Long-term Notes Payable

301Common Stock

305Retained Earnings

311Dividends Declared

401Watercraft and Accessory Sales

402Sales Returns and Allowances

411Service Fees Earned

421Storage Fees Earned

501Cost of Goods Sold

505Transportation-In

601Salaries and Wages Expense

602Store and Shop Supplies Expense

603Truck and Equip. Operating Expense

604Advertising Expense

606Delivery Expense

607Credit Card Expense

608Tools Expense

610Deprec. Exp.: Store Equip. and Fix.

611Deprec. Expense: Shop Equipment

612Deprec. Expense: Trucks

621Rent Expense

622Insurance Expense

623Bad Debt Expense

624Property Tax Expense

625Utilities Expense

626Telephone Expense

627Bank Service Charges

628License Expense

629Professional Services Expense

631Cash Short and Over

633Discounts Lost

635Miscellaneous Expense

711Interest Earned

721Gain on Sale of Assets

741Miscellaneous Revenue

811Income Taxes Expense

813Interest Expense

821Loss on Sale/Disposal of Assets

901Income Summary