using the 1-10 journal entries, i I need help awnsering those 10 questions at the bottom

Document No. 1 Transactions List December 16-31, 2022 Complete each of the following transactions in accordance with the seven-step process on pages 11-12 of the instructions and Flowcharts book (step 5). Remember the importance of the flowcharts on pages 18-24 for details as to (a) documents to prepare, (b) approvals and other internal control procedures, (c) account ing entries, and (d) filing. You are to perform the roles of Ray Kramer, Nancy Ford, and Jim Adams. Flowchart page references are included in the third column of the transactions list where appropriate. Some of the following events require the preparation or modification of documents and some do not. Although documents accompany most business transactions, you are asked to prepare and work with only a representative sample in this project. Each event on the transactions list includes one of two sym- bols, which determine whether documents from the loose document set in this project must be prepared or used: Yes No You are required to prepare or modify documents from the loose document set for this event. An accounting entry may or may not be required. You are not required to prepare or modify documents from the loose document set because documents would not normally be prepared or modified for this type of event. An accounting entry is required, with one exception: the annual change in employee pay rates. Hints are provided in boxed areas like this. Trans. # Dec. 1 16th Document ? Flowchart Description Received customer purchase order No. 53426 (Doc. No. 4) from Rosemont University, Yes approved their credit and shipped the goods. All goods ordered were shipped, except that only 45 shoulder pad sets were available for shipment. 18-19 Carrier & number: Allied Trucking: Carrier number 2154 Freight charges FOB shipping point (ie, will be paid by Rosemont) Route: Express Truck & driver: Truck 2961XZ, John Arens Freight rate: $37.00 per 100 lbs. Shipment: 5 cartons/goal and rim sets 42 lbs/carton 2 cartons/backboards @123 lbs./carton 9 cartons/shoulder pad sets 30 lbs./carton 4 cartons/football helmets @32 lbs./carton Rosemont's credit limit is documented in their subsidiary ledger account You will use several documents and record an entry in the sales journal and the accounts receivable subsidiary ledger for this transaction. For guidance in preparing the bill of lading, see pages 35-36 of the Reference book Trans. 2 16th 3 16th Document? Dec. Flowchart Description Yes Received an email notification from First American Bank and Trust for an ACH payment from Branch College ACH payment received was $1,622.88 for payment in full of charge sale invoice No. 730 21 . Because Branch College paid within ten days of the original sale, be sure to record the applicable discount. Ordered the following inventory on account from Velocity Sporting Goods, Yes using purchase order No. 328 (Doc. No. 16). Units Item Description 115 p. 22 BB-019 Basketball pole pad 125 BB-538 Basketball bag 75 B8-431 Whistle and lanyard - set of 6 50 BB-399 Basketball net 100 FB-027 Shoulder pad set to cover back order and inventory restock) Vendor address: 1285 Colgrove Ave, Pierre, SD 57501 Freight carrier Interstate Motor Freight Freight charges: FOB shipping point (.e, will be paid later by Waren) Allowances: None Use purchase order No. 325 (Doc. No. 16) as a guide. Use the price list (Doc. No. 3). No receiving or recording occurs at this point for this transaction Tear document apart and file, following the flowchart guidance. Yes Received office supplies from Chicago Office Supply as listed on purchase order No. 327 (Doc. No. 16), a copy of which is being held in accounting. Chicago Office Supply's vendor invoice No. 2378 (Doc. No. 18) was received with the goods. All supplies ordered were received in good condition and taken directly to the office, but the invoice was not paid. 4 19th 22 5 19th Yes A 21 Borrowed $90,000 from First American Bank and Trust by issuing a two-year note payable (Doc. No. 14) with a stated annual interest rate of 5.5%. Received an email notification from the bank that the $90,000 proceeds were electronically deposited into Waren's checking account. Reviewed the terms and conditions of the note and signed it (Ray Kramer) as the borrower. Follow the ACH deposit procedures in the flowchart. File the note in the Shipping/Banking file tab. Received sales return request No. R8034 (Doc. No. 12) from Eastern Wisconsin University (EWU). The request was approved, and the acknowledgment copy mailed to EWU. 6 19th Yes P 20 You can't record the sales return yet because the goods have not yet been received from Eastern Wisconsin University, Received vendor invoice No. 105963 (Doc. No. 18) from First Security Insurance for the fourth quarter's health insurance coverage for employees and immediately issued a check (Doc. No. 20) for payment in full. 7 20th Yes A 23 . Purchase orders are not issued for services that Waren purchases. ING NETUR 25 Ay Atea was an AE-33-67 R32-R3.20 / (17) 387 on.com / www.armondalton.com TOLETY Trans. Dec No 8 20th 9 20th 22 10 21st Document? Flowchart Description Increased employee pay rates effective for the December 16th-31st semimonthly pay period. There were no changes in filing status or withholding allowances. New Pay Rate NA Ray Kramer $3,650 semimonthly Jim Adams $21.80 per hour Nancy Ford $18.30 per hour No accounting entries are necessary, but you must update the pay rate history information in the Employee Earnings Subsidiary Ledger Yes Received merchandise from Velocity Sporting Goods as listed on purchase order No. 328. All merchandise listed on the purchase order was delivered in good condition and in the quantities ordered, except that only 85 basketball pole pads (Item No BB-019) were received. The goods were placed immediately in the inventory warehouse You can't record a purchase yet because the invoice hasn't been received. Yes Filled the backorder quantity of 30 shoulder pad sets for Rosemont University's customer purchase order No. 53426 (Doc. No. 4). Approved Rosemont's credit and shipped the back ordered shoulder pad sets. Prepared a new charge sale invoice (Doc. No. 6) for the sale to Rosemont. Carrier & number: Allied Trucking; Carrier number 2154 Freight charges: FOB shipping point (ie, will be paid by Rosemont) Route: Express Truck & driver: Truck 2988XZ, Jennifer Hansen Freight rate: $37.00 per 100 lbs. Shipment: 6 cartons/shoulder pad sets 30 lbs./carton Rosemont's credit limit is documented in their subsidiary ledger acc You will use several documents and record an entry in the sales jo and the accounts receivable subsidiary ledger for this transaction For guidance in preparing the bill of lading, see pages 35-38 Reference book. Received vendor invoice No. 34719 (Doc. No. 18) from Velocity Sporting goods ordered December 16th and received December 20th. A 18-19 . 11 22nd Yes p. 22 Upon receiving the invoice, you can now record the purchase baliabilit for the ads Deco Question Completion Status QUESTION 1 Sales Journal - What is the credit amount to Sales (GL 30100) for Invoice #731 for Rosemont University ? QUESTION 2 Bill of Lading 6890BR-What is the total freight cost calculated on the billing of lading for the December 16 credit sale to th Rosemont University QUESTION 3 Credit Sale Invoice 731 - Who verified the information on the invoice and initialed it as proof of his/her review? Click Save and Submit to rate and submitchel Saul Autoane allant o O F10 Fe F11 F12 Priser Question Completion Status QUESTION 4 Cash Receipts Journal - What is the total credit amount to Accounts Receivable (G/L 1200) for the December 16 collection from Branch College? QUESTION 5 Cash Receipts journal - Which account was credited when the proceeds of the First American note were received on December 192 QUESTION 6 Cash Receipts journal. What is the amount of the sales discount granted to Branch College for paying within the discount period on December 162 Che Save and Submit to save and submit Chlok Sant Anto alla stor 1x O f ch 12 Prise 19 F10 cuestion Completion Status: QUESTION 7 Cash Disbursements Journal - Which G/L Account was debited for the December 20 payment to First Security Insurance? QUESTIONS On December 20, receiving the purchase from Velocity Sporting Goods, what is the quantity difference of what was ordered and what was received for Inventory Item BB-0197 QUESTION 9 Purchase Order #328 - Who approved and signed the purchase order for the December 18 order of goods from Velocity Sporting Goods Co Sale and Submit tone and submit Che Same Annectoare all are o i on Completion Status: QUESTION 9 Purchase Order #328 - Who approved and signed the purchase order for the December 18 order of goods from Velocity Sporting Goods? QUESTION 10 Purchases Journal - What is the amount debited to Purchases (G/L 30500) for the December 16 purchase of inventory from Velocity Sporting Goods? Chick Save and Submit to save and submit. Click Save All Ars to be all as o F12 F11 Document No. 1 Transactions List December 16-31, 2022 Complete each of the following transactions in accordance with the seven-step process on pages 11-12 of the instructions and Flowcharts book (step 5). Remember the importance of the flowcharts on pages 18-24 for details as to (a) documents to prepare, (b) approvals and other internal control procedures, (c) account ing entries, and (d) filing. You are to perform the roles of Ray Kramer, Nancy Ford, and Jim Adams. Flowchart page references are included in the third column of the transactions list where appropriate. Some of the following events require the preparation or modification of documents and some do not. Although documents accompany most business transactions, you are asked to prepare and work with only a representative sample in this project. Each event on the transactions list includes one of two sym- bols, which determine whether documents from the loose document set in this project must be prepared or used: Yes No You are required to prepare or modify documents from the loose document set for this event. An accounting entry may or may not be required. You are not required to prepare or modify documents from the loose document set because documents would not normally be prepared or modified for this type of event. An accounting entry is required, with one exception: the annual change in employee pay rates. Hints are provided in boxed areas like this. Trans. # Dec. 1 16th Document ? Flowchart Description Received customer purchase order No. 53426 (Doc. No. 4) from Rosemont University, Yes approved their credit and shipped the goods. All goods ordered were shipped, except that only 45 shoulder pad sets were available for shipment. 18-19 Carrier & number: Allied Trucking: Carrier number 2154 Freight charges FOB shipping point (ie, will be paid by Rosemont) Route: Express Truck & driver: Truck 2961XZ, John Arens Freight rate: $37.00 per 100 lbs. Shipment: 5 cartons/goal and rim sets 42 lbs/carton 2 cartons/backboards @123 lbs./carton 9 cartons/shoulder pad sets 30 lbs./carton 4 cartons/football helmets @32 lbs./carton Rosemont's credit limit is documented in their subsidiary ledger account You will use several documents and record an entry in the sales journal and the accounts receivable subsidiary ledger for this transaction. For guidance in preparing the bill of lading, see pages 35-36 of the Reference book Trans. 2 16th 3 16th Document? Dec. Flowchart Description Yes Received an email notification from First American Bank and Trust for an ACH payment from Branch College ACH payment received was $1,622.88 for payment in full of charge sale invoice No. 730 21 . Because Branch College paid within ten days of the original sale, be sure to record the applicable discount. Ordered the following inventory on account from Velocity Sporting Goods, Yes using purchase order No. 328 (Doc. No. 16). Units Item Description 115 p. 22 BB-019 Basketball pole pad 125 BB-538 Basketball bag 75 B8-431 Whistle and lanyard - set of 6 50 BB-399 Basketball net 100 FB-027 Shoulder pad set to cover back order and inventory restock) Vendor address: 1285 Colgrove Ave, Pierre, SD 57501 Freight carrier Interstate Motor Freight Freight charges: FOB shipping point (.e, will be paid later by Waren) Allowances: None Use purchase order No. 325 (Doc. No. 16) as a guide. Use the price list (Doc. No. 3). No receiving or recording occurs at this point for this transaction Tear document apart and file, following the flowchart guidance. Yes Received office supplies from Chicago Office Supply as listed on purchase order No. 327 (Doc. No. 16), a copy of which is being held in accounting. Chicago Office Supply's vendor invoice No. 2378 (Doc. No. 18) was received with the goods. All supplies ordered were received in good condition and taken directly to the office, but the invoice was not paid. 4 19th 22 5 19th Yes A 21 Borrowed $90,000 from First American Bank and Trust by issuing a two-year note payable (Doc. No. 14) with a stated annual interest rate of 5.5%. Received an email notification from the bank that the $90,000 proceeds were electronically deposited into Waren's checking account. Reviewed the terms and conditions of the note and signed it (Ray Kramer) as the borrower. Follow the ACH deposit procedures in the flowchart. File the note in the Shipping/Banking file tab. Received sales return request No. R8034 (Doc. No. 12) from Eastern Wisconsin University (EWU). The request was approved, and the acknowledgment copy mailed to EWU. 6 19th Yes P 20 You can't record the sales return yet because the goods have not yet been received from Eastern Wisconsin University, Received vendor invoice No. 105963 (Doc. No. 18) from First Security Insurance for the fourth quarter's health insurance coverage for employees and immediately issued a check (Doc. No. 20) for payment in full. 7 20th Yes A 23 . Purchase orders are not issued for services that Waren purchases. ING NETUR 25 Ay Atea was an AE-33-67 R32-R3.20 / (17) 387 on.com / www.armondalton.com TOLETY Trans. Dec No 8 20th 9 20th 22 10 21st Document? Flowchart Description Increased employee pay rates effective for the December 16th-31st semimonthly pay period. There were no changes in filing status or withholding allowances. New Pay Rate NA Ray Kramer $3,650 semimonthly Jim Adams $21.80 per hour Nancy Ford $18.30 per hour No accounting entries are necessary, but you must update the pay rate history information in the Employee Earnings Subsidiary Ledger Yes Received merchandise from Velocity Sporting Goods as listed on purchase order No. 328. All merchandise listed on the purchase order was delivered in good condition and in the quantities ordered, except that only 85 basketball pole pads (Item No BB-019) were received. The goods were placed immediately in the inventory warehouse You can't record a purchase yet because the invoice hasn't been received. Yes Filled the backorder quantity of 30 shoulder pad sets for Rosemont University's customer purchase order No. 53426 (Doc. No. 4). Approved Rosemont's credit and shipped the back ordered shoulder pad sets. Prepared a new charge sale invoice (Doc. No. 6) for the sale to Rosemont. Carrier & number: Allied Trucking; Carrier number 2154 Freight charges: FOB shipping point (ie, will be paid by Rosemont) Route: Express Truck & driver: Truck 2988XZ, Jennifer Hansen Freight rate: $37.00 per 100 lbs. Shipment: 6 cartons/shoulder pad sets 30 lbs./carton Rosemont's credit limit is documented in their subsidiary ledger acc You will use several documents and record an entry in the sales jo and the accounts receivable subsidiary ledger for this transaction For guidance in preparing the bill of lading, see pages 35-38 Reference book. Received vendor invoice No. 34719 (Doc. No. 18) from Velocity Sporting goods ordered December 16th and received December 20th. A 18-19 . 11 22nd Yes p. 22 Upon receiving the invoice, you can now record the purchase baliabilit for the ads Deco Question Completion Status QUESTION 1 Sales Journal - What is the credit amount to Sales (GL 30100) for Invoice #731 for Rosemont University ? QUESTION 2 Bill of Lading 6890BR-What is the total freight cost calculated on the billing of lading for the December 16 credit sale to th Rosemont University QUESTION 3 Credit Sale Invoice 731 - Who verified the information on the invoice and initialed it as proof of his/her review? Click Save and Submit to rate and submitchel Saul Autoane allant o O F10 Fe F11 F12 Priser Question Completion Status QUESTION 4 Cash Receipts Journal - What is the total credit amount to Accounts Receivable (G/L 1200) for the December 16 collection from Branch College? QUESTION 5 Cash Receipts journal - Which account was credited when the proceeds of the First American note were received on December 192 QUESTION 6 Cash Receipts journal. What is the amount of the sales discount granted to Branch College for paying within the discount period on December 162 Che Save and Submit to save and submit Chlok Sant Anto alla stor 1x O f ch 12 Prise 19 F10 cuestion Completion Status: QUESTION 7 Cash Disbursements Journal - Which G/L Account was debited for the December 20 payment to First Security Insurance? QUESTIONS On December 20, receiving the purchase from Velocity Sporting Goods, what is the quantity difference of what was ordered and what was received for Inventory Item BB-0197 QUESTION 9 Purchase Order #328 - Who approved and signed the purchase order for the December 18 order of goods from Velocity Sporting Goods Co Sale and Submit tone and submit Che Same Annectoare all are o i on Completion Status: QUESTION 9 Purchase Order #328 - Who approved and signed the purchase order for the December 18 order of goods from Velocity Sporting Goods? QUESTION 10 Purchases Journal - What is the amount debited to Purchases (G/L 30500) for the December 16 purchase of inventory from Velocity Sporting Goods? Chick Save and Submit to save and submit. Click Save All Ars to be all as o F12 F11