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Search Chapter 11 Hancourt 3 - Protected Wire - Stord sathi WC- Fic Home Insert Design Layout References Malings Review View Help PROTECTED VIEW Be carefulfiles from the Internet can contain intes. Unless you need to edit it's crier to stay in Protected View. Hines Drew W. HOI Share Comments Enable Edung CHAPTER 11 HANDOUT 3 The following charl of accounts is from Success Syslerns, owned by Acria Lupez, as of December 31, 20:3: $54,150.00 5,658.00 580.00 1.685.00 8,000.00 100.00 20,000.00 1.250.00 1,100.00 Cash Accounts Receivable IFM Co. $3.000.00 Gomez Co. 2,668.00 Computer Supplies Prepaid Insurance Office Equipment Accum. Dep. Office Equin. Computer Fquipment Accum. Dap Comp Equip Accounts Payable Alpha Corp. $1,100.00 Wages Payable Unearned Comp. Services Rov A. Lopez, Capital 1. Lopez. Withdrawels Computer Services Revenue Sales Sales Returns & Allowances Sales Discounts Purchases Freight-in Purchase Returns & Allowances Purchase Discounts Depreciation Expense Wages Expense Insurance Expense Rent Expenso 500.00 1,500.00 90,148.00 0 0 0 0 0 D D 0 0 0 D 0 U 0 Activate Windows Go to Settings to activate Windows Py484 wurda Crocus Type here to search 10:22 AM R12021 Search Hines Drew W. HOI Chapier 11 Hancourt 3 - Protected View - Send to this PC- Fic Home Insert Design Layout References Malings Review View Help PROTECTED VIEW Be carefulfiles from the Internet can contain intes. Unless you need to edit it's crier to stay in Protected View. Share Comments Enable Edling $0 Computer Supplies Expense Advertising Expense Mileage Expense Miscellaneous Expense Renairs Expense - Computer 0 D The company is going to start selling computer software. Al software sales are sub.ect to 6% sales tax. Customere purchasing software will be extended the terms 1/10, 1/30, no discount is extended to computer services (consultine). The transactions for January are as follows: Jan 4 The compatty paid cash to Lyn Addie for live days work at a rate of $125.00 per day. Four of the five days relate to Wages Payable accrued in the prior year Jan 5 A. Lopez invested an additional S25,000.00 in the company Jan? The company purchased 55,800.00 of merchandise from Kansas Cop. with the terms of 1/10, n/30 Jan 9 The company received $2,668.00 cash from Gomez Co. Jan 11 The company completed a project for Alex Company worth $5,500.00. Alex Curipany was billed for the cost of the project, less the deposit of $1,500.00 received the prior year Jan 13 The company sold merchandise for $5,200.00 to Liu Corn Jan 15 The company paid $500.00" freight charges for the merchandise purchased on January 7 Activate Windows Go to Settings to activate Windows Nye 2013 234 wurde Crocus Type here to search 10:23 AM 2121 Search Hines Drew W. HOI Chapier 11 Hancourt 3 - Protected Viru - Sand to this PC- Fic Home Insert Design Layout References Malings Review View Help PROTECTED VIEW Be careful files from the Internet can contain vinces. Unless you need to edit it's care to stay in Protected View. Share Comments Enable Edling lan 16 The company received $4,000.00 cash from Delta Corp. for computer services provided Jan 17 The company peid Kansas Corp. for the merchandise purchased January 7 Jan 20 Liu Corp returned $500.00 ct detective merchandise from the sale on January 13 lan 22 The company received the balance due from iu Corp. Jan 24 The company returned detective merchand se to Kansas Corp. and accepted a credit for future purchases. The defective merchandise had a selling price of $496 00 Jan 26 The company purchased $9,000.00 of merchandise from Kansas Corp. with terms of 1/10. n/30 Jan 26 The company sold merchandise valued at $4,640.00 to K.C Inc Jan 31 The company puid Lyn Adule for 10 days' work Instructions: 1. Prepare a journal entry for each transaction 2. Transfer the applicable information le the Accounts Receivable of the Accounts Payable sub ledger 3. Prepare a Schedule of Accounts Payable and a Schedule of Accounts Receivaale to ensure balance 4. Prepare an Income Statement for the month of January 5. Prepare a Classified Report Form Balance Sheet as of January 31 Activate Windows Go to Settings to activate Windows Peso 484 wurde Crocus Type here to search 10:23 AM 20221 Search Chapter 11 Hancourt 3 - Protected Wire - Stord sathi WC- Fic Home Insert Design Layout References Malings Review View Help PROTECTED VIEW Be carefulfiles from the Internet can contain intes. Unless you need to edit it's crier to stay in Protected View. Hines Drew W. HOI Share Comments Enable Edung CHAPTER 11 HANDOUT 3 The following charl of accounts is from Success Syslerns, owned by Acria Lupez, as of December 31, 20:3: $54,150.00 5,658.00 580.00 1.685.00 8,000.00 100.00 20,000.00 1.250.00 1,100.00 Cash Accounts Receivable IFM Co. $3.000.00 Gomez Co. 2,668.00 Computer Supplies Prepaid Insurance Office Equipment Accum. Dep. Office Equin. Computer Fquipment Accum. Dap Comp Equip Accounts Payable Alpha Corp. $1,100.00 Wages Payable Unearned Comp. Services Rov A. Lopez, Capital 1. Lopez. Withdrawels Computer Services Revenue Sales Sales Returns & Allowances Sales Discounts Purchases Freight-in Purchase Returns & Allowances Purchase Discounts Depreciation Expense Wages Expense Insurance Expense Rent Expenso 500.00 1,500.00 90,148.00 0 0 0 0 0 D D 0 0 0 D 0 U 0 Activate Windows Go to Settings to activate Windows Py484 wurda Crocus Type here to search 10:22 AM R12021 Search Hines Drew W. HOI Chapier 11 Hancourt 3 - Protected View - Send to this PC- Fic Home Insert Design Layout References Malings Review View Help PROTECTED VIEW Be carefulfiles from the Internet can contain intes. Unless you need to edit it's crier to stay in Protected View. Share Comments Enable Edling $0 Computer Supplies Expense Advertising Expense Mileage Expense Miscellaneous Expense Renairs Expense - Computer 0 D The company is going to start selling computer software. Al software sales are sub.ect to 6% sales tax. Customere purchasing software will be extended the terms 1/10, 1/30, no discount is extended to computer services (consultine). The transactions for January are as follows: Jan 4 The compatty paid cash to Lyn Addie for live days work at a rate of $125.00 per day. Four of the five days relate to Wages Payable accrued in the prior year Jan 5 A. Lopez invested an additional S25,000.00 in the company Jan? The company purchased 55,800.00 of merchandise from Kansas Cop. with the terms of 1/10, n/30 Jan 9 The company received $2,668.00 cash from Gomez Co. Jan 11 The company completed a project for Alex Company worth $5,500.00. Alex Curipany was billed for the cost of the project, less the deposit of $1,500.00 received the prior year Jan 13 The company sold merchandise for $5,200.00 to Liu Corn Jan 15 The company paid $500.00" freight charges for the merchandise purchased on January 7 Activate Windows Go to Settings to activate Windows Nye 2013 234 wurde Crocus Type here to search 10:23 AM 2121 Search Hines Drew W. HOI Chapier 11 Hancourt 3 - Protected Viru - Sand to this PC- Fic Home Insert Design Layout References Malings Review View Help PROTECTED VIEW Be careful files from the Internet can contain vinces. Unless you need to edit it's care to stay in Protected View. Share Comments Enable Edling lan 16 The company received $4,000.00 cash from Delta Corp. for computer services provided Jan 17 The company peid Kansas Corp. for the merchandise purchased January 7 Jan 20 Liu Corp returned $500.00 ct detective merchandise from the sale on January 13 lan 22 The company received the balance due from iu Corp. Jan 24 The company returned detective merchand se to Kansas Corp. and accepted a credit for future purchases. The defective merchandise had a selling price of $496 00 Jan 26 The company purchased $9,000.00 of merchandise from Kansas Corp. with terms of 1/10. n/30 Jan 26 The company sold merchandise valued at $4,640.00 to K.C Inc Jan 31 The company puid Lyn Adule for 10 days' work Instructions: 1. Prepare a journal entry for each transaction 2. Transfer the applicable information le the Accounts Receivable of the Accounts Payable sub ledger 3. Prepare a Schedule of Accounts Payable and a Schedule of Accounts Receivaale to ensure balance 4. Prepare an Income Statement for the month of January 5. Prepare a Classified Report Form Balance Sheet as of January 31 Activate Windows Go to Settings to activate Windows Peso 484 wurde Crocus Type here to search 10:23 AM 20221