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turnature an ea f CL00 check no Example of Maal Accounting (The had old days) The Owl Company completed these transactions during January of

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turnature an ea f CL00 check no Example of Maal Accounting (The had old days) The Owl Company completed these transactions during January of the cent year January 1, Began business by selling stock for $700,000.00. January 1, Rented office space for 1 month ag check mamber 800 for $11.500.00 Smithlord Properties. (Example posted to cash dabursement journal Jamary 2. Purchased office furniture and equipment on credit from McKay Company invoice mck66 dated January 9 terms 2/10 net 30, 320-499.11. (Example posted to purchases journal January 2. Sold merchandise on credit to John Nelson Invoice No 324, $7,965.37 (Terms for all credit sales are 2/282 Example posted to sales journal January 3, Purchased on credit from Cosair Company office supplies, $1224.54, invoice xx12 dated January 3, due in 30 days Supplies are expected to last for approximately 4 months January 3, Received merchandise and invoice Fl dated Jan 1, tenns 2/10, 30 from Farnswood Company, $213,022.22 January 3, Sold merchandise on credit to Thomas Zak, Invoice no 325, $4,666.38 January 10, Sent Farnswood Company Check no. 176 in payment of its January 1 invoice less the discount January 10, Sold merchandise on credit to Margo Edwards, Invoice no. 326, $8,375.21 January 11. Sold merchandise on credit to Ken Duclose, Invoice no. 327, 55,554.23 January 12, Received payment from John Nelson for the Jamary 2 sales less the discount check number 4444 (Example pasted to cash receipts journal) January 13, Received payment from Thomas Zak for the January 3 sales less the discount check number 12345 January 15, Issued check no. 877 payable to payroll, in payment of sales salaries for the first half of the month, $11,000.00. Cashed the check and paid the employees January 15, Cash sales for the first half of the month were $77,341.22. (Normally cash sales are posted daily, but for the purposes of this problem you are going to post them all at once.) January 19, Received payment from Margo Edwards for the sale of January 10 less the discount check number 8888 January 20, Received merchandise and invoice F2 dated Jan 19, terms 2/10, n/30; from Farnswood Company, $113,044.44 January 27, Sold merchandise on credit to Margo Edwards, Invoice no. 328, $7,958.22 January 28, Sold merchandise on credit to Thomas Zak, Invoice no 329, $26,544.11. January 29, Sold merchandise on credit to Heather Terry, Invoice no 330, $13,523.45 January 31, Issued check no. 879 payable to payroll, in payment of sales salaries for the second half of the month, $11,000.00. Cashed the check and paid the employees. January 31, Cash sales for the second half of the month were $72,345.00. (Normally cash sales are posted daily, but for the purposes of this problem, you are going to post them all at once.) January 31, Paid for utilities (water, power, etc) to Unified Utilities Inc. $1,654.57 check number 880.

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