You are following Option 1 on pages 10 and 11 of the Instructions, Flowcharts, and Ledgers book. Read Introductory information, pages 3-12, 16 and scan 25-43. Scan through all documents in the Documents Folder. Please use the blue version of the transaction list. Destroy the other versions (green). Carefully read Option 1, pages 10. Go through all transactions on the transactions list (Document No.1) and write S & CR, P & CD, or PR beside each transaction as follows: $ Sale, sales return, cash receipt, or charge-off (S & CR) $ Purchase of goods or services or cash disbursement, except for payroll (P & CD) $ Payroll (PR) Every transaction must be identified as one of these three types. Sales and Cash Receipts Study flowcharts on pages 18-21. Complete the seven-step process for recording a transaction on pages 11 and 12 for all sales and cash receipts transactions on the transactions list. USE THE SUA 10TH Edition Hybrid Spreadsheet for recording all transactions in journals, general ledger and subsidiary ledgers. Complete WAREN'S MONTH-END PROCEDURES 2, 3A, 3B, 5, 6, and 7 on pages 12 and 13 for sales and cash receipts only. Complete WAREN'S YEAR-END PROCEDURE 6 on page 15 (accounts receivable aged trial balance only.) General Ledger 2,412,758.30 2,412,758.30 69,753.20 24,005.00 In Balance 10100 CASH 10200 ACCOUNTS RECEIVABLE 10210 ACCOUNTS RECEIVABLE FROM EMPLOYEES 10300 ALLOWANCE FOR DOUBTFUL ACCOUNTS 10400 INVENTORY 10500 PREPAID EXPENSE (1,750.81) 101,681.00 24,000.00 10600 MARKETABLE SECURITIES 10700 INTEREST RECEIVABLE 10800 FIXED ASSETS 320,665.00 (81,559.50) 10900 ACCUMULATED DEPRECIATION 11000 NOTES RECEIVABLE (3,650.00) 20100 ACCOUNTS PAYABLE 20200 WAGES AND SALARIES PAYABLE 20300 FEDERAL INCOME TAXES WITHHELD 20400 STATE INCOME TAXES WITHHELD 20500 STATE UNEMPLOYMENT TAXES PAYABLE 20600 FEDERAL UNEMPLOYMENT TAXES PAYABLE (1,037.00) (590.86) (60.96) (10.30) (2,029.32) 20700 F..C.A. TAXES PAYABLE 20800 FEDERAL INCOME TAXES PAYABLE 20900 DIVIDENDS PAYABLE 21000 INTEREST PAYABLE 21100 NOTES PAYABLE 21200 UNEARNED REVENUE 26000 COMMON STOCK (225,000.00 3 27000 PAID IN CAPITAL 28000 INCOME SUMMARY (90,264.99) 29000 RETAINED EARNINGS 29010 DIVIDENDS DECLARED B - B (1,518,230.00) 57,631.00 30100 SALES 30200 SALES RETURNS AND ALLOWANCES 30300 SALES DISCOUNTS TAKEN 30400 COST OF GOODS SOLD 8 15,144.18 8 8 30500 PURCHASES 8 30600 PURCHASES RETURNS AND ALLOWANCES 30700 PURCHASES DISCOUNTS TAKEN 1,078,500.00 (19,445.00) (15,561.30) 7 7 30800 FREIGHT-IN 23,380.94 7 7 7 30900 GAIN/LOSS ON SALE OF FIXED ASSETS 31000 GAIN/LOSS ON SALE OF MARKETABLE SECURITIES 31100 INTEREST/DIVIDENDS INCOME 31200 MISCELLANEOUS REVENUE 40100 RENT EXPENSE 7 7 40200 ADVERTISING EXPENSE 52,800.00 20,805.00 5,062.30 7 40300 OFFICE SUPPLIES EXPENSE 7 40400 DEPRECIATION EXPENSE 40500 WAGES AND SALARIES EXPENSE 125,464.80 7 40600 PAYROLL TAX EXPENSE 10,742.62 7 40700 FEDERAL INCOME TAX EXPENSE 7 40800 INTEREST EXPENSE 7 40900 BAD DEBT EXPENSE 7 41000 OTHER OPERATING EXPENSE 29,555.00 16 B D E G customer Name Terms Credit uimit Due Customer Number 406 407 2/10 net 30 125.000.00 2/10 net 30 408 2/10 net 30 Rosemont University Claybom University Branch College University of Southern Iowa Eastern Wisconsin University Stevenson College 125,000.00 100,000.00 100,000.00 2,856.00 2/10 net 30 409 410 2/10 net 30 75,000.00 75,000.00 41,777.00 2,900.00 411 2/10 net 30 Total Outstanding Receivables 47,533.00 Balance Per GL 24,005.00 Difference Needs Reconciliation (23,528.00) Approved General Journal November and December 2022 Balance: 1,106.92 1,106.92 Post Debit Credit Ref # Explanation Approval Date Account 1,085.92 1 30-Nov 40600 Payroll Tax Expense 20700 FICA Payable 20500 SUTA Payable 20600 FUTA Payable 1,014.66 60.96 10.30 RK To record November payroll taxes 2 30-Nov 21.00 41000 Other Operating Expenses 10100 Cash 21.00 To record November bank service charges RK You are following Option 1 on pages 10 and 11 of the Instructions, Flowcharts, and Ledgers book. Read Introductory information, pages 3-12, 16 and scan 25-43. Scan through all documents in the Documents Folder. Please use the blue version of the transaction list. Destroy the other versions (green). Carefully read Option 1, pages 10. Go through all transactions on the transactions list (Document No.1) and write S & CR, P & CD, or PR beside each transaction as follows: $ Sale, sales return, cash receipt, or charge-off (S & CR) $ Purchase of goods or services or cash disbursement, except for payroll (P & CD) $ Payroll (PR) Every transaction must be identified as one of these three types. Sales and Cash Receipts Study flowcharts on pages 18-21. Complete the seven-step process for recording a transaction on pages 11 and 12 for all sales and cash receipts transactions on the transactions list. USE THE SUA 10TH Edition Hybrid Spreadsheet for recording all transactions in journals, general ledger and subsidiary ledgers. Complete WAREN'S MONTH-END PROCEDURES 2, 3A, 3B, 5, 6, and 7 on pages 12 and 13 for sales and cash receipts only. Complete WAREN'S YEAR-END PROCEDURE 6 on page 15 (accounts receivable aged trial balance only.) General Ledger 2,412,758.30 2,412,758.30 69,753.20 24,005.00 In Balance 10100 CASH 10200 ACCOUNTS RECEIVABLE 10210 ACCOUNTS RECEIVABLE FROM EMPLOYEES 10300 ALLOWANCE FOR DOUBTFUL ACCOUNTS 10400 INVENTORY 10500 PREPAID EXPENSE (1,750.81) 101,681.00 24,000.00 10600 MARKETABLE SECURITIES 10700 INTEREST RECEIVABLE 10800 FIXED ASSETS 320,665.00 (81,559.50) 10900 ACCUMULATED DEPRECIATION 11000 NOTES RECEIVABLE (3,650.00) 20100 ACCOUNTS PAYABLE 20200 WAGES AND SALARIES PAYABLE 20300 FEDERAL INCOME TAXES WITHHELD 20400 STATE INCOME TAXES WITHHELD 20500 STATE UNEMPLOYMENT TAXES PAYABLE 20600 FEDERAL UNEMPLOYMENT TAXES PAYABLE (1,037.00) (590.86) (60.96) (10.30) (2,029.32) 20700 F..C.A. TAXES PAYABLE 20800 FEDERAL INCOME TAXES PAYABLE 20900 DIVIDENDS PAYABLE 21000 INTEREST PAYABLE 21100 NOTES PAYABLE 21200 UNEARNED REVENUE 26000 COMMON STOCK (225,000.00 3 27000 PAID IN CAPITAL 28000 INCOME SUMMARY (90,264.99) 29000 RETAINED EARNINGS 29010 DIVIDENDS DECLARED B - B (1,518,230.00) 57,631.00 30100 SALES 30200 SALES RETURNS AND ALLOWANCES 30300 SALES DISCOUNTS TAKEN 30400 COST OF GOODS SOLD 8 15,144.18 8 8 30500 PURCHASES 8 30600 PURCHASES RETURNS AND ALLOWANCES 30700 PURCHASES DISCOUNTS TAKEN 1,078,500.00 (19,445.00) (15,561.30) 7 7 30800 FREIGHT-IN 23,380.94 7 7 7 30900 GAIN/LOSS ON SALE OF FIXED ASSETS 31000 GAIN/LOSS ON SALE OF MARKETABLE SECURITIES 31100 INTEREST/DIVIDENDS INCOME 31200 MISCELLANEOUS REVENUE 40100 RENT EXPENSE 7 7 40200 ADVERTISING EXPENSE 52,800.00 20,805.00 5,062.30 7 40300 OFFICE SUPPLIES EXPENSE 7 40400 DEPRECIATION EXPENSE 40500 WAGES AND SALARIES EXPENSE 125,464.80 7 40600 PAYROLL TAX EXPENSE 10,742.62 7 40700 FEDERAL INCOME TAX EXPENSE 7 40800 INTEREST EXPENSE 7 40900 BAD DEBT EXPENSE 7 41000 OTHER OPERATING EXPENSE 29,555.00 16 B D E G customer Name Terms Credit uimit Due Customer Number 406 407 2/10 net 30 125.000.00 2/10 net 30 408 2/10 net 30 Rosemont University Claybom University Branch College University of Southern Iowa Eastern Wisconsin University Stevenson College 125,000.00 100,000.00 100,000.00 2,856.00 2/10 net 30 409 410 2/10 net 30 75,000.00 75,000.00 41,777.00 2,900.00 411 2/10 net 30 Total Outstanding Receivables 47,533.00 Balance Per GL 24,005.00 Difference Needs Reconciliation (23,528.00) Approved General Journal November and December 2022 Balance: 1,106.92 1,106.92 Post Debit Credit Ref # Explanation Approval Date Account 1,085.92 1 30-Nov 40600 Payroll Tax Expense 20700 FICA Payable 20500 SUTA Payable 20600 FUTA Payable 1,014.66 60.96 10.30 RK To record November payroll taxes 2 30-Nov 21.00 41000 Other Operating Expenses 10100 Cash 21.00 To record November bank service charges RK