Can you put all these transactions in a general journal format? 7 Received a che
ID: 2593541 • Letter: C
Question
Can you put all these transactions in a general journal format?
7 Received a check from Jake Construction Company in payment of our invoice of Nov. 30 for $4275.00, less discount.
8 Sold computers on account to Southeast Dental Group, Inv. # 711 for $1,162.50. Cost of Goods sold $930.
8 Issued a check # 1109 for $209.25 to Joseph King for plumbing repairs 9 Received a check for $561.75 from Valley Water Sports, Inc. in payment of our invoice of Nov. 14.
9 Received a check for $97.50 from Supplies R Us or the return of office supplies previously purchased for cash.
9 Sold computer-servicing services on account to Lucky’s Sports Bar, Invoice # 217, for $1,156.50. Cost of goods $92.52
9 Issued check # 1110 for $506.25 to Jose Campos a tax lawyer for a one-time consultation fee. (Debit Professional Fees Expense).
10 Record the biweekly payroll, details as follows: Sales salaries $2,692.50, Office salaries, $438.75 Officers’ salaries 1,500.00 Federal income tax withheld, $1,387.50; FICA taxes withheld, $347.34.
10 Issued check # 1111 for $2,896.41 to Payroll Bank Account in payment of the net payroll.
10 Record the employer’s payroll taxes: FICA tax, $347.34 State unemployment tax, $126.17 Federal unemployment tax, $14.57. 10 Issued check # 1112 to Island Community Bank in payment of payroll taxes FICA tax payable, $649.68 Employees’ federal income tax payable, $1,387.50.
10 Cash sales for the week ended December 11 were as follows: Computers, $5,210.25 Peripherals, $587.25 Computer servicing, $710.25. Cost of goods, $4,168.00 & $469.80 respectively.
12 Received a check from Jim Smith, JD in payment of our invoice of Nov. 15 for $1,302.75, no discount. 12 Received a check dated Dec 10 from Southeast Dental Group in payment of our invoice of Dec. 1 for $1068.00, less discount.
12 Received a check from Blue Sky Enterprises in payment of our invoice of Dec. 3 for $4,106.25, less discount.
12 Sold computers on account to Valley Builders, Inv. # 713 for $4,106.25. Cost of goods - $3,285.00.
13 Issued check # 1113 for $279.91 to PG&E for electricity for November.
14 Sold additional 10,000 shares of common stock for $172,500.00.
14 Purchased computers on account from SF Computers for $6,982.50.
14 Issued check # 1114 for $99.17 to Pacific Telephone Company for November services.
15 Issued check # 1115 for $47.42 to City of Fresno for water and sewer charges for November.
17 Received a check from Northeast Realtors, Inc. In payment of our invoice of December 6, no discount.
17 Cash sales for the week ended December 18 were as follows: computers, $5,619.00 peripherals, $1,149.00 computer servicing, $552.75. Cost of goods $4,495.20 & $919.20 respectively.
18 Received a check from Southeast Dental Group in payment of our invoice of Dec. 8 less discount.
19 Issued a check # 1116 for $131.25 to Maria’s Janitorial Services, In. for cleaning for the month of November.
20 Issued check # 1117 to Island Community Bank for the cash dividends previously declared.
24 Record the bi-weekly payroll, details as follows: Sales salaries, $2,755.50 Office salaries, 438.75 Officers’ salaries, $1,500.00 Federal income tax withheld, $1,066.50 FICA tax withheld, $352.07.
24 Issued check # 1118 for $3,275.68 to the Payroll Bank Account in payment of net payroll.
24 Record the employer’s payroll taxes: FICA tax, $352.07 State unemployment tax, $69.56 Federal unemployment tax, $10.07.
Note: All entries are to be entered on the day they happen. All sales and purchases on account are subject to terms of 2/10.n/30. All checks received are deposited daily in the bank and all payments are made by check. Cash deposits are deposited weekly. Individual entries to the Accounts Payable and Accounts Receivable should be posted to the subsidiary ledgers daily.
Explanation / Answer
General journal
Accounts payable subsidiary ledger
Accounts Receivable subsidiary ledger
General journal Date Account title Debit credit Dec.7 Cash 4189.50 Sales Discount 85.50 Accounts receivable 4275.00 Dec.8 Accounts receivable 1162.50 Sales revenue 1162.50 Cost of goods sold 930.00 Inventory 930.00 Dec.9 Repair expense 209.25 Cash 209.25 Dec.9 Cash 97.50 Office supplies 97.50 Dec.9 Accounts receivable 1156.50 Service revenue 1156.50 Cost of services 92.52 Inventory 92.52 Dec.9 Profesional fee expenses 506.25 Cash 506.25 Dec.10 Sales salaries 2692.50 Office salaries 438.75 Officers' salaries 1500.00 Employees Federal income tax payable 1387.50 FICA taxes payable 347.34 Salaries payable 2896.41 Dec.10 Salaries payable 2896.41 Cash 2896.41 Dec.10 FICA tax expense 347.34 State unemployment tax 126.17 Federal unemployment tax 14.57 FICA taxes payable 347.34 State unemployment tax payable 126.17 Federal unemployment tax payable 14.57 Dec.10 FICA taxes payable 694.68 Employees Federal income tax payable 1387.50 Cash 2082.18 Dec.10 Cash 6507.75 Sales revenue 5797.50 Service revenue 710.25 Cost of goods sold 4168.00 Cost of services 468.80 Inventory 4636.80 Dec.12 Cash 1302.75 Accounts receivable 1302.75 Dec.12 Cash 1046.64 Sales Discount 21.36 Accounts receivable 1068.00 Dec.12 Cash 4024.13 Sales Discount 82.12 Accounts receivable 4106.25 Dec.12 Accounts receivable 4106.25 Sales revenue 3285.00 Cost of goods sold 3285.00 Inventory 3285.00 Dec.13 Utilities payable 279.91 Cash 279.91 Dec.14 Cash 172500.00 Common stock 172500.00 Dec.14 Inventory 6982.50 Accounts payable 6982.50 Dec.14 Utilities payable 99.17 Cash 99.17 Dec.14 Utilities payable 47.42 Cash 47.42 Dec.17 Northeast invoce details not provided Dec.17 Cash 7320.75 Sales revenue 6768.00 Service revenue 552.75 Cost of goods sold 4495.20 Cost of services 919.20 Inventory 5414.40 Dec.18 Cash 1139.25 Sales Discount 23.25 Accounts receivable 1162.50 Dec.19 Accounts payable 131.25 Cash 131.25 Dec.20 Details of cash dividend not provided Dec.24 Sales salaries 2755.50 Office salaries 438.75 Officers' salaries 1500.00 Employees Federal income tax payable 1066.50 FICA taxes payable 352.07 Salaries payable 3275.68 Salaries payable 3275.68 Cash 3275.68 FICA tax expense 352.07 State unemployment tax 69.56 Federal unemployment tax 10.07 FICA taxes payable 352.07 State unemployment tax payable 69.56 Federal unemployment tax payable 10.07Related Questions
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