With the data above, I am confused on how to complete the end of the period worksheet.

You have prepared the following chart of accounts. You have set it up so that it will be easy to add new accounts later. O. Reza Fitness Boutique Chart of Accounts Acct. # Name of Account Acct. Name of Account 300 301 302 Owner's Equity Oneida Reza, Capital Oncida Reza, Withdrawal 100 105 110 111 113 114 116 Assets Cash Petty Cash Fund Accounts Receivable Merchandise Inventory Supplies Prepaid Rent Prepaid Insurance Notes Receivable 400 Revenue 401 Sales 118 120 500 501 510 140 520 Furniture & Equipment Accumulated Depreciation - Furniture & Equipment Automobiles Accumulated Depreciation- Automobiles 530 535 540 550 Expenses Cost of Sales Salary & Wages Expense Supplies Expense Rent Expense Utilities Expenses Depreciation Expense Insurance Expense Automobile Expense Miscellancous Expensc 575 590 200 201 205 Liabilities Accounts Payable Wages & Salaries Payable Uncarned Revenues Notes Payable 210 212 600 610 700 710 Other Income Interest Income Other Expense Interest Expense January, 20XX Transactions (round all amount to nearest dollar): Jan. 1 The following balances were received from Oneida Reza: Cash $300,000; Account Receivable, $6,000 (Lyle Corporation) and; Merchandise Inventory $35,000; Supplies, $3,000, Furniture & Equipment, $15,000 (new and unused), Accounts Payable of $5,000 (Abram Office Depot). Journalize the beginning balances and post them to the general ledger. Borrowed $50,000 from her father, Jose Reza. Signed a Note Payable, due 2 years from today on Jan.1. O. Reza pays interest only for two years, at 6%. The first interest payment for Jan is due Feb. 5. Paid six months' rent in advance on a facilities rental contract, $18,000. Paid 6-month premiums on property and casualty insurance policies, $4,800. Purchased merchandise from Garcia Company, Terms 2/10, n/30. $5,000. Purchased a Van from Golden Automotive for $38,000. Paid cash of $5000 and signed an 11-month, no interest note payable for the balance. 1st monthly payment is due on the 5th of next month. Sold merchandise to MayaB Company on account, $1,400. Cost of Sales (COS): $700. 3 12 14 15 Purchased Office Supplies from Abrams Office Depot for cash, $1,850. O. Reza decided to establish a petty cash fund for minor expenditures, $200. Received cash from a corporate client, Rolm Co. as an advance payment for a special order of fitness equipment, $8,000. (Hint: Unearned Revenue) Purchased fitness equipment for sale (merchandise) from Doubletree Fitness Equipment with a cost of $25,000; paid cash of $5,000 with the balance on account. Trade discount: 2%; Terms: 1/10, n/30. Delivery Expense, $350, FOB destination. Purchased Computer & Office Furniture from Abrams Office Depot, on account, terms n/EOM, $12,000. Sold merchandise to the Alfred Vaughn Co on account, $800. COS: $300. Returned $5000 (retail value) equipment to Doubletree. Purchased merchandise from Garcia Distributors, $800.1/10, net 30. Sold merchandise to MayaB Company, on account, $900. COS: $450 Wrote check to Comcast for cable TV service in the store lounge, $250. Purchased merchandise from L. Gibson Co., on account $16,000, terms n/10. Paid Garcia Distributors for purchases made on Jan. 2. Paid fitness assistants for two weeks' salary, $3,000. Recorded cash boutique sales for Jan 1-15. Cost of sales, $4,025: Visa Credit Card Sales $5,000 Master Card Sales $3,500 Cash $1,000 Paid balance (less Jan. 8 return) on Doubletree Fitness Equipment Account. Purchase on Jan. 6. Delivered equipment to Rolm Co. (Jan. 6) and recorded the sale at $18,000. COS: $8100. Balance on account Accepted a 60-day 6% note dated January 15 in settlement of past due $6,000 Account Receivable from Lyle Corporation. O. Reza replenished the petty cash fund. The petty cash tickets identified the following expenses: Postage, $23, delivery of package by courier, $17, Gas for the Van, $42, MayaB paid for purchases made on Jan. 3. Received payment from Alfred Vaughn Co. for purchase made on Jan. 6. Paid for Garcia Distributor purchases made on Jan. 8. Paid cash for supplies, $1,200. Paid L. Gibson Co. for merchandise purchased on Jan. 11 Purchased merchandise (vitamin supplements) for cash. $1200. Paid fitness assistants for two weeks' salary, $3,250. 15 15 16 21 27 o. Reza Fitness Boutique End of the Period Worksheet January 31, 20xx Unadjusted Trial Balance Dr Adisstments TDI Adiusted Trial Balance C Income Statement Balance Sheet DEORT Dr Cr CR D 105 Cash 110 Petty Cash Fund 111 Accounts Receivable 113 Merchandise Inventory 114 Sunplies 116 Prepaid Rent 118 Prepaid Insurance 120 Notes Receivable 140 Furniture & Equipment 141 Accumulated Depr. Fum & Equip. 145 Automobiles 145 Accumulated Depr. - Automobiles 201 Accounts Payable 205 Weces & Saluries Payable 210 Unearned Revenues 214 Nates Payable 301 Oneida Reza, Capital 302 Oneida Reza, Withdrawl 401 Sales 501 Cost of Sales 510 Salary & Wages Expense 520 Supplies Expanse 530 Rent Expense 595 Utilities Expense 510 Depreciation Expense 550 Insurance Expense 575 Automobile Expense 590 Miscellaneous Expense 610 Interest Income 710 Interest Expense OL You have prepared the following chart of accounts. You have set it up so that it will be easy to add new accounts later. O. Reza Fitness Boutique Chart of Accounts Acct. # Name of Account Acct. Name of Account 300 301 302 Owner's Equity Oneida Reza, Capital Oncida Reza, Withdrawal 100 105 110 111 113 114 116 Assets Cash Petty Cash Fund Accounts Receivable Merchandise Inventory Supplies Prepaid Rent Prepaid Insurance Notes Receivable 400 Revenue 401 Sales 118 120 500 501 510 140 520 Furniture & Equipment Accumulated Depreciation - Furniture & Equipment Automobiles Accumulated Depreciation- Automobiles 530 535 540 550 Expenses Cost of Sales Salary & Wages Expense Supplies Expense Rent Expense Utilities Expenses Depreciation Expense Insurance Expense Automobile Expense Miscellancous Expensc 575 590 200 201 205 Liabilities Accounts Payable Wages & Salaries Payable Uncarned Revenues Notes Payable 210 212 600 610 700 710 Other Income Interest Income Other Expense Interest Expense January, 20XX Transactions (round all amount to nearest dollar): Jan. 1 The following balances were received from Oneida Reza: Cash $300,000; Account Receivable, $6,000 (Lyle Corporation) and; Merchandise Inventory $35,000; Supplies, $3,000, Furniture & Equipment, $15,000 (new and unused), Accounts Payable of $5,000 (Abram Office Depot). Journalize the beginning balances and post them to the general ledger. Borrowed $50,000 from her father, Jose Reza. Signed a Note Payable, due 2 years from today on Jan.1. O. Reza pays interest only for two years, at 6%. The first interest payment for Jan is due Feb. 5. Paid six months' rent in advance on a facilities rental contract, $18,000. Paid 6-month premiums on property and casualty insurance policies, $4,800. Purchased merchandise from Garcia Company, Terms 2/10, n/30. $5,000. Purchased a Van from Golden Automotive for $38,000. Paid cash of $5000 and signed an 11-month, no interest note payable for the balance. 1st monthly payment is due on the 5th of next month. Sold merchandise to MayaB Company on account, $1,400. Cost of Sales (COS): $700. 3 12 14 15 Purchased Office Supplies from Abrams Office Depot for cash, $1,850. O. Reza decided to establish a petty cash fund for minor expenditures, $200. Received cash from a corporate client, Rolm Co. as an advance payment for a special order of fitness equipment, $8,000. (Hint: Unearned Revenue) Purchased fitness equipment for sale (merchandise) from Doubletree Fitness Equipment with a cost of $25,000; paid cash of $5,000 with the balance on account. Trade discount: 2%; Terms: 1/10, n/30. Delivery Expense, $350, FOB destination. Purchased Computer & Office Furniture from Abrams Office Depot, on account, terms n/EOM, $12,000. Sold merchandise to the Alfred Vaughn Co on account, $800. COS: $300. Returned $5000 (retail value) equipment to Doubletree. Purchased merchandise from Garcia Distributors, $800.1/10, net 30. Sold merchandise to MayaB Company, on account, $900. COS: $450 Wrote check to Comcast for cable TV service in the store lounge, $250. Purchased merchandise from L. Gibson Co., on account $16,000, terms n/10. Paid Garcia Distributors for purchases made on Jan. 2. Paid fitness assistants for two weeks' salary, $3,000. Recorded cash boutique sales for Jan 1-15. Cost of sales, $4,025: Visa Credit Card Sales $5,000 Master Card Sales $3,500 Cash $1,000 Paid balance (less Jan. 8 return) on Doubletree Fitness Equipment Account. Purchase on Jan. 6. Delivered equipment to Rolm Co. (Jan. 6) and recorded the sale at $18,000. COS: $8100. Balance on account Accepted a 60-day 6% note dated January 15 in settlement of past due $6,000 Account Receivable from Lyle Corporation. O. Reza replenished the petty cash fund. The petty cash tickets identified the following expenses: Postage, $23, delivery of package by courier, $17, Gas for the Van, $42, MayaB paid for purchases made on Jan. 3. Received payment from Alfred Vaughn Co. for purchase made on Jan. 6. Paid for Garcia Distributor purchases made on Jan. 8. Paid cash for supplies, $1,200. Paid L. Gibson Co. for merchandise purchased on Jan. 11 Purchased merchandise (vitamin supplements) for cash. $1200. Paid fitness assistants for two weeks' salary, $3,250. 15 15 16 21 27 o. Reza Fitness Boutique End of the Period Worksheet January 31, 20xx Unadjusted Trial Balance Dr Adisstments TDI Adiusted Trial Balance C Income Statement Balance Sheet DEORT Dr Cr CR D 105 Cash 110 Petty Cash Fund 111 Accounts Receivable 113 Merchandise Inventory 114 Sunplies 116 Prepaid Rent 118 Prepaid Insurance 120 Notes Receivable 140 Furniture & Equipment 141 Accumulated Depr. Fum & Equip. 145 Automobiles 145 Accumulated Depr. - Automobiles 201 Accounts Payable 205 Weces & Saluries Payable 210 Unearned Revenues 214 Nates Payable 301 Oneida Reza, Capital 302 Oneida Reza, Withdrawl 401 Sales 501 Cost of Sales 510 Salary & Wages Expense 520 Supplies Expanse 530 Rent Expense 595 Utilities Expense 510 Depreciation Expense 550 Insurance Expense 575 Automobile Expense 590 Miscellaneous Expense 610 Interest Income 710 Interest Expense OL