Extracted text: uring the month of September, the following transactions were completed by the business: CALCULATOR PRINTI ept. 1 Stephanie Ram, the proprietor of the business, invested $89,000 cash and Office Supplies valued at $1,800 into the business. 2 Issued a check to establish a Petty Cash Fund for $5,500. Paid a premium of $3,400 for a one-year insurance policy, effective September 1st. 6 Purchased 44 refrigerators on credit for $184,800 from Mason Retailers. The credit terms of the sale were 4/20, n/45, F.O.B. shipping point. Issued a check for $2,010 for the delivery charges on the September 6th transaction. The business returned two damaged refrigerators to Mason Retailers and received a credit of $7,000. 10 Sold several refrigerators to various customers with the credit terms 3/10, n/60 and bills were sent out as follows: Jose Mendes $6,300 Amy Thomas 12,500 Nicholas Jay 4,400 Dora Franklin 14,100 Totals $37,300 12 Borrowed $63,000 from National Trust Bank by signing a Notes Payable. 13 Dora Franklin returned a defective refrigerator to the business and received a credit of $4,700. Issued a eck to pay the bi-weekly employee salaries, $16,500. 15 Purchased Store Supplies on credit, terms 2/10, n/30, as follows: Wiley Retailers $1,800 Lisa Supplies Company 1,200 Farge Company 1,100 Lincoln Wholesale 2,500 Totals $6,600 17 Purchased a Delivery Truck for $70,000 in cash. Received payment (before any applicable discounts) from the following customers for the September 10th sale to be applied to their accounts as follows (Hint: calculate amount of net cash received from customers): 20 Jose Mendes $3,200 Amy Thomas 5,400 Nicholas Jay 3,800 Dora Franklin 8,700 Totals $21.100
Extracted text: G petir cash - Google Search Return to Blackboard Jeygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College elp I System Announcements CALCULATOR PRINTER VERSION ( BACK NE 17 Purchased a Delivery Truck for $70,000 in cash. 20 Received payment (before any applicable discounts) from the following customers for the September 10th sale to be applied to their accounts as follows (Hint: You will need to calculate amount of net cash received from customers): Jose Mendes $3,200 Amy Thomas 5,400 Nicholas Jay 3,800 Dora Franklin 8,700 Totals $21,100 21 Received cash of $20,800 in advance for 4 refrigerators to be delivered over the next few months. 22 Made a partial payment for the Store Supplies purchased on September 15th to be applied to the below accounts (before any applicable discounts) as follows (Hint: You will need to calculate amount of the net cash payment): Wiley Retailers $1,600 Lisa Supplies Company 2,900 Farge Company 600 Lincoln Wholesale 800 Totals $5,900 23 Stephanie Ram withdrew $4,300 in cash for her personal use. 24 Sold several refrigerators and received $216,000 cash. Made a partial payment to Mason Retailers of $91,000 to be applied as a reduction to the account balance (before any applicable discounts) for the September 6th transaction (Hint: You will need to calculate amount of the net cash payment). 25 26 Paid the monthly utility bills, $7,900. 27 Stephanie Ram purchased a Forklift for $32,900. 28 Issued a check to pay the bi-weekly employee salaries, $16,500. The Petty Cash Fund had a cash balance of $3,500 at the end of September with petty cash receipts/vouchers for postage, $380, and repair supplies, $930. A check was issued to replenish the fund. 29 30 Issued a check for the payment of September's rent, $15,500. repare the Journal Entries in the General Journal. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the rder presented in the problem. Do not use dollar signs ($) when entering amounts. To see comma-formatted numbers reflected in your final answers, you must enter your nswers with commas.) Feneral Journal: