w. Replenished the petty cash fund when the fund had $84 in cash and petty cash tickets for $161 for office supplies. Date Accounts Debit Credit (W) Office Supplies Cash Short and Over Cash Choose from any list or enter any number in the input fields and then click Check Answer Received $520,000 cash from owner, H. Bamara, in exchange for capital. Opened a new checking a. account at Coronado National Bank and deposited the cash received from the owner b. Paid $52,000 cash for a AAA franchise. Paid $390,000 cash and issued a $500,000, 10-year, 12% notes payable for land with an existing c. building. The assets had the following market values: Land, $80,000 Building, $810,000 d. Paid $112,500 for store fixtures. e. Paid $70,000 for office equipment f. Paid $1,400 for office supplies. g. Paid $3,800 for a two-year insurance policy h. Purchased appliances from AAA (merchandise inventory) on account for $415,000 Established a petty cash fund for $250. Sold appliances on account to LMN Contractors for $220,000, terms n/30 (cost $88,000). k. Sold appliances to Allen Contracting for $130,000 (cost, $57.000), receiving a 6-month, 14% note 1. Recorded credit card sales of $85,000 (cost, $37.000), net of processor fee of 1% More Info - I. Recorded credit card sales of $85.000 (cost, $37,000), net of processor fee of 1%. m. Received payment in full from LMN Contractors, n. Purchased appliances from AAA on account for $600,000 o. Made payment on account to AAA, $270,000. p. Sold appliances for cash to EB Home Builders for $320,000 (cost, $163,000) 9. Received payment in full on the maturity date from Allen Contracting for the note. Sold appliances to Zeard Contracting for $250,000 (cost, $124,000), receiving a 9-month, 14% note. S. Made payment on account to AAA, $480,000 Sold appliances on account to various businesses for $1.040,000, terms n/30 (cost, $416,000). u Collected $730,000 cash on account: V. Paid cash for expenses: Salaries $150,000: Utilities, $10,000 Replenished the petty cash fund when the fund had $84 in cash and petty cash tickets for $161 for W office supplies X Bamara withdrew $6.000 T. t. Print Done 0. T. THI. MCCCIVCU paymici TT TUTTIT LIVS CUALIS n. Purchased appliances from AAA on account for $600,000 Made payment on account to AAA, $270,000. p. Sold appliances for cash to EB Home Builders for $320,000 (cost $163,000) q. Received payment in full on the maturity date from Allen Contracting for the note. Sold appliances to Zeard Contracting for $250,000 (cost, $124,000), receiving a 9-month, 14% note, s. Made payment on account to AAA, $480,000. t. Sold appliances on account to various businesses for $1,040,000, terms n/30 (cost, $416,000). u. Collected $730,000 cash on account Paid cash for expenses. Salaries, $150,000 Utilities $10,000 Replenished the petty cash fund when the fund had $84 in cash and petty cash tickets for $161 for w. office supplies X. Bamara withdrew $6,000 y. Paid the franchise fee to AAA of 3% of total sales of $2,045,000 v. Print Done Clear A
