What will the ending journal entries be and which journals and ledger entries?
Yes 19 Received customer purchase order No. 37225 (Doc. No. 4) in the mail from University of Southern Iowa (USI), approved their credit and shipped the goods. All goods ordered were shipped, except that only 56 shoulder pad sets were available for shipment. sales tcash receipts Carrier & number: Allied Trucking; Carrier number 2154 Freight charges: FOB shipping point; Billed to buyer (i.e., paid by USI) Route: Express Truck & driver: Truck 2961XZ, John Arens Freight rate: $19.00 per 100 lbs. Shipment: 3 cartons/goal and rim sets @ 40 lbs./carton 5 cartons/backboards @ 150 lbs./carton 7 cartons/shoulder pad sets @ 25 lbs./carton 10 cartons/football helmets @ 16 lbs./carton See flowchart, pages 18 and 19; follow all steps carefully. 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. 19 Freight bill for cash disbursement................ SALES 27.80 19.50 23.76 228.95 SALES Shipping and Billing UDOGOT7 (Nancy Ford) 30.40 Accounting (Jim Adams) Bad Debt Write-Off (Ray Kramer) Form estone pud From p. 18 From A Identity uncollectie accounts receivable Precere pre- numbered sales invoice Consulent price. Ser note below Komerc Custom purchase e Buche Cash or credit General journal Adarne reviews and suport documents for accuracy Intials Invoice Credit sude for Por terms tom Inventory and order Sales journal Make entry gen. jour and accred sub ledger, and initial both ment customer ody Make entry sales jouma and acced sub, ledger Accounts Pregere pen receivable subsidiary edgar purch Order Sales Pupice Barve ng Cut purch order Beding 2 Sales inice 2 Sales involo 1 Bil of lading 2 Cust purch order Bill of lading 2 File Description C Customer Bel of lading To come Sales invoice Note The provision for bad debt expense is done as part of Waren's year-end procedures Documents tached together To custome with right Nate Waren uses different invoices for cash sales than for credit sales. The two types of documents are similar and the two types of sales transactions are processed smarty, cept where shown in the flowcharts -0 File Description N = Numerically C=Customer 15 19 EU DOC. No. 8) for Sin university in partial payment of the invoice No. 729 ine Yes 19 Received customer purchase order No. 37225 (Doc. No. 4) in the mail from University of Southern Iowa (USI), approved their credit and shipped the goods. All goods ordered were shipped, except that only 56 shoulder pad sets were available for shipment. sales tcash receipts Carrier & number: Allied Trucking; Carrier number 2154 Freight charges: FOB shipping point; Billed to buyer (i.e., paid by USI) Route: Express Truck & driver: Truck 2961XZ, John Arens Freight rate: $19.00 per 100 lbs. Shipment: 3 cartons/goal and rim sets @ 40 lbs./carton 5 cartons/backboards @ 150 lbs./carton 7 cartons/shoulder pad sets @ 25 lbs./carton 10 cartons/football helmets @ 16 lbs./carton See flowchart, pages 18 and 19; follow all steps carefully. 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. 19 Freight bill for cash disbursement................ SALES 27.80 19.50 23.76 228.95 SALES Shipping and Billing UDOGOT7 (Nancy Ford) 30.40 Accounting (Jim Adams) Bad Debt Write-Off (Ray Kramer) Form estone pud From p. 18 From A Identity uncollectie accounts receivable Precere pre- numbered sales invoice Consulent price. Ser note below Komerc Custom purchase e Buche Cash or credit General journal Adarne reviews and suport documents for accuracy Intials Invoice Credit sude for Por terms tom Inventory and order Sales journal Make entry gen. jour and accred sub ledger, and initial both ment customer ody Make entry sales jouma and acced sub, ledger Accounts Pregere pen receivable subsidiary edgar purch Order Sales Pupice Barve ng Cut purch order Beding 2 Sales inice 2 Sales involo 1 Bil of lading 2 Cust purch order Bill of lading 2 File Description C Customer Bel of lading To come Sales invoice Note The provision for bad debt expense is done as part of Waren's year-end procedures Documents tached together To custome with right Nate Waren uses different invoices for cash sales than for credit sales. The two types of documents are similar and the two types of sales transactions are processed smarty, cept where shown in the flowcharts -0 File Description N = Numerically C=Customer 15 19 EU DOC. No. 8) for Sin university in partial payment of the invoice No. 729 ine
