Yorl asked in Business & FinanceCorporations · 1 decade ago

need help making general ledger. May1Paid rent (80% selling space, 20% office space)S&P Management Co.2?

2 Issued credit memo on returned merch. Knox, Inc. Apr. 28 175

Total selling price (gross) Knox, Inc. Apr. 28 4,725

3 Received credit memo on returned merch. Peyton Products Apr. 29 798

4 Purchased merchandise on credit Gear Supply Co. May 4 n/10 EOM 37,072

Purchased store supplies on credit Gear Supply Co. May 4 n/10 EOM 574

Purchased office supplies on credit Gear Supply Co. May 4 n/10 EOM 83

5 Received payment less discount and return Knox, Inc. Apr. 28 n/10 EOM 4,459

8 Paid inv. less 2 % discount and May 3 return Peyton Products Apr. 29 3411 ?

9 Sold store supplies for cash at cost 350

10 Purchased office equipment on credit Gear Supply Co. May 10 n/10 EOM 4,074

11 Received payment less discount Hensel Company May 2 5,978

11 Purchased merchandise on credit Garcia, Inc. May 10 2/10, n/60 8,800

12 Received credit memo on returned merch. Gear Supply Co. May 10 854

15 Check issued for sales salaries Payroll 3412 5,320

Check issued for office salaries Payroll 3412 3,150

15 Cash sales for first half of month (cost $38,200) 59,220

16 Sold merchandise on credit (cost $1,890) Hensel Company 8786 2/10, n/60 3,990 17Purchased merchandise on creditFink Corp. May 14 2/10, n/60 13,650 19 Paid invoice less discount Garcia, Inc. May 10 3413

22 Sold merchandise on credit (cost $4,990) Lee Services 8787 2/10, n/60 6,850

23 Paid invoice less discount Fink Corp. May 14 3414 13,377

24 Purchased merchandise on credit Gear Supply Co. May 23 n/10 EOM 8,120

Purchased store supplies on credit Gear Supply Co. May 23 n/10 EOM 630

Purchased office supplies on credit Gear Supply Co. May 23 n/10 EOM 280

25 Purchased merchandise on credit Peyton Products May 23 2/10, n/30 3,080

26 Sold merchandise on credit (cost $8,230) Crane Corp. 8788 2/10, n/60 14,210

26 Paid April electric bill Perennial Power 3415 1,283

29 Issued check to owner for personal use Jenny Colo 3416 7,000

30 Received payment less discount Lee Services May 22 6,713

30 Check issued for sales salaries Payroll 3417 5,320

Check issued for office salaries Payroll 3417 3,150

31 Cash sales for second half of month (cost $42,500) 66,052

Additional information:

a. Expired insurance $553

b. Ending store supplies inventory 2,632

c. Ending office supplies inventory 504

d. Estimated depreciation of store equipment 567

e. Estimated depreciation of office equipment 329

1 Answer

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  • Sandy
    Lv 7
    1 decade ago
    Favorite Answer

    To do this assignment, be guided by Larson−Wild−Chiappetta: Fundamental Accounting Principles, Seventeenth Edition, chapter 7.

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