Yes 34719 for goods received December 22. Cash Ds cr velocay JPah Consider the credit terms before making the payment. Received check No. 14002 for $9,678.48 from Rosemont University in payment of the promotional sale on account made December 26. No 28 Recall that the original sale was made at a 20 promotional discount. Because Rosemont paid within ten days of the original sale, be sure to record the applicable discount. Yes Printed and reviewed payroll time record reports (Doc. No. 21) for Ford and Adams for the time period ended December 31 and prepared the payroll for all three employees, including paychecks. 29 Paychecks are considered "Mailed/Given to Outsiders." Time record reports are filed in the "Accounting" file tab. Recall that federal income tax withholding amounts were listed earlier with employee pay rate increases. Yes 29 Received the 11-inch tablets ordered on Waren's purchase order No. 325 (Doc. No. 16) and pu-S Cr-ChcasD in new and undamaged condition and taken directly to the office. The estimated useful life is 5 vendor invoice No. 2423 (Doc. No. 18) from Chicago Office Supply. The tablets were received years with no salvage value. Yes 29 Received vendor invoice No. 72654 (Doc. No. 18) from University Athletic News for advertisements Waren ran during the Christmas season and immediately issued a check (Doc. No. 20) for payment in full. Purchase orders are not issued for services that Waren purchases. 29 Purchased 175 shares of Naretta Corporation common stock for $21.00 per share plus commission of $1 10.00. Immediately issued a check payable to Central Brokerage. No The Board of Directors declared a $2.50 per share dividend on the 3000 shares of $75 par value common stock outstanding. The dividends will be payable on January 31, 2018, to all stockholders of record as of January 25, 2018. 29 No Add a new general ledger account on page 36. Assign it G/L # 29010 - Dividends Declared. Be sure to include this account in the proper section of Waren's 2017 financial statements. emhe 29 sd ect for S4,200 Fir Securiny rance for the prem Waren's s abity insarce policy The policy perid nus from December 1, 2017, s June 1. 201 No Remember so consaler thhe tie pericd to which this espenditeee sp Sobt 150 shares of Gireen Corpration common stck fr $z6.00 per sare The shares were ginally purchased on July 1, 2017, for $22.c0 per share plus a co isson of SaS Cenral Brkerape eseineda comm o of 575 om e ee ad fowandod ceck Ne 4289 de e sale proceeds so Waren 29 No Lalculate and recoed the gain or loss on the sale of the marketabbe secories iBe sure so consider the effects of both the purhase and sale commissom expenses 29 Eoaned 57.000 to Maple Valley Electric by issuine a four vear none receivable wih a staed anmial interest rate of 6%. The funds were loaned by issuing a check Inmerest payments ot $420.00 are due on December 31 of cach year. heginning in 2018. The enire pricipal is due four years from December 31, 2017 No 29 Tne company signed an agreement to sublease an office in iss building to Campos & Associanes hily rental rate of $1,100. In connection with the sublease. Waren received check No. 35941 for 53.300 from Campos & Associanes covering remt for the first quarner of 2018 No Add a new general ledger accouns on page 36. Assign it G/L 21100-Uncarned Revemie. Be sure to inclade this account in the proper section of W aren's 201 financial statements MONTH-END PROCEDURES-After you have recorded all the ransactions, go to page 12 oft he Instructions, Flowcharts, and Ledgers book and complete all the month-end procedures. An additional month- end requirement for this project is: Prepare a monthly statement (Doc. No. 15) for Eastern Wiscomsin University Yes Monthly Statement- YEAR-END PROCEDURES After completing all the month-end procedures, go to page 14 of the Istructions, Flowcharts, and Ledgers book and complete all the year-end procedures. Additional intormatO for the year-end procedures is: A physical inventory was taken 1/1/18, before business began for the new year. Merchandise on hand cost $183,744.00. No Ending Inventory The expense for bad debts is estimated at the end of the year as one- fifth of one percent (0.002) of net sales. No Bad Debt Expense - At December 31, 2017, the market value of marketable securities held by Waren approximated the cost of the securities. No Marketable Securities - The project is now complete. Good work! Review your materials to make certain everything is finalized. Complete the filing of documents, records, and working papers using the file tabs and the envelope in which the Aid is packaged. File all materials as indicated in the flowcharts. Yes 34719 for goods received December 22. Cash Ds cr velocay JPah Consider the credit terms before making the payment. Received check No. 14002 for $9,678.48 from Rosemont University in payment of the promotional sale on account made December 26. No 28 Recall that the original sale was made at a 20 promotional discount. Because Rosemont paid within ten days of the original sale, be sure to record the applicable discount. Yes Printed and reviewed payroll time record reports (Doc. No. 21) for Ford and Adams for the time period ended December 31 and prepared the payroll for all three employees, including paychecks. 29 Paychecks are considered "Mailed/Given to Outsiders." Time record reports are filed in the "Accounting" file tab. Recall that federal income tax withholding amounts were listed earlier with employee pay rate increases. Yes 29 Received the 11-inch tablets ordered on Waren's purchase order No. 325 (Doc. No. 16) and pu-S Cr-ChcasD in new and undamaged condition and taken directly to the office. The estimated useful life is 5 vendor invoice No. 2423 (Doc. No. 18) from Chicago Office Supply. The tablets were received years with no salvage value. Yes 29 Received vendor invoice No. 72654 (Doc. No. 18) from University Athletic News for advertisements Waren ran during the Christmas season and immediately issued a check (Doc. No. 20) for payment in full. Purchase orders are not issued for services that Waren purchases. 29 Purchased 175 shares of Naretta Corporation common stock for $21.00 per share plus commission of $1 10.00. Immediately issued a check payable to Central Brokerage. No The Board of Directors declared a $2.50 per share dividend on the 3000 shares of $75 par value common stock outstanding. The dividends will be payable on January 31, 2018, to all stockholders of record as of January 25, 2018. 29 No Add a new general ledger account on page 36. Assign it G/L # 29010 - Dividends Declared. Be sure to include this account in the proper section of Waren's 2017 financial statements. emhe 29 sd ect for S4,200 Fir Securiny rance for the prem Waren's s abity insarce policy The policy perid nus from December 1, 2017, s June 1. 201 No Remember so consaler thhe tie pericd to which this espenditeee sp Sobt 150 shares of Gireen Corpration common stck fr $z6.00 per sare The shares were ginally purchased on July 1, 2017, for $22.c0 per share plus a co isson of SaS Cenral Brkerape eseineda comm o of 575 om e ee ad fowandod ceck Ne 4289 de e sale proceeds so Waren 29 No Lalculate and recoed the gain or loss on the sale of the marketabbe secories iBe sure so consider the effects of both the purhase and sale commissom expenses 29 Eoaned 57.000 to Maple Valley Electric by issuine a four vear none receivable wih a staed anmial interest rate of 6%. The funds were loaned by issuing a check Inmerest payments ot $420.00 are due on December 31 of cach year. heginning in 2018. The enire pricipal is due four years from December 31, 2017 No 29 Tne company signed an agreement to sublease an office in iss building to Campos & Associanes hily rental rate of $1,100. In connection with the sublease. Waren received check No. 35941 for 53.300 from Campos & Associanes covering remt for the first quarner of 2018 No Add a new general ledger accouns on page 36. Assign it G/L 21100-Uncarned Revemie. Be sure to inclade this account in the proper section of W aren's 201 financial statements MONTH-END PROCEDURES-After you have recorded all the ransactions, go to page 12 oft he Instructions, Flowcharts, and Ledgers book and complete all the month-end procedures. An additional month- end requirement for this project is: Prepare a monthly statement (Doc. No. 15) for Eastern Wiscomsin University Yes Monthly Statement- YEAR-END PROCEDURES After completing all the month-end procedures, go to page 14 of the Istructions, Flowcharts, and Ledgers book and complete all the year-end procedures. Additional intormatO for the year-end procedures is: A physical inventory was taken 1/1/18, before business began for the new year. Merchandise on hand cost $183,744.00. No Ending Inventory The expense for bad debts is estimated at the end of the year as one- fifth of one percent (0.002) of net sales. No Bad Debt Expense - At December 31, 2017, the market value of marketable securities held by Waren approximated the cost of the securities. No Marketable Securities - The project is now complete. Good work! Review your materials to make certain everything is finalized. Complete the filing of documents, records, and working papers using the file tabs and the envelope in which the Aid is packaged. File all materials as indicated in the flowcharts