, 2018 Midterm In Progress E Page Layout Formules Data ReviewView Help Tell me w

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, 2018 Midterm In Progress E Page Layout Formules Data ReviewView Help Tell me what you iant to d Insert Cut Copy Format Painter B I 11 A A u-1.le»-A-| | Merge&Center; . I $.%,IS Clpboard Font Alignment 18 19 2012 lan 21 To record rent expense SFD received a 5 year, 6% N/P of S 125,000 Account DR CR 23 24 25 26 Paid $65,000 for a Metal Building to serve as storage for inventory and placed it on the land that Robin had contributed to the company. The building is valued at $60,000 and is expected to be 3-Jan valued at $10,000 at the end of its 20 year useful life. 27 28 29 30 Account DR CR Building instructions 12 Journal Entries T-Accounts Adjusting Entries Adjusted Trial Balan Enter Search the web and Windows

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JEALOUS SCARF FASHION DESIGN General journal for the monht of January current year Date Account Title Debit Credit Jan.1 Cash 20000 Land 55000 Common Stock 75000 (Investment made by Robin) Jan.2 Cash 125000 5-year, 6% Note Payable 125000 (Cash received against note payable) Jan.3 Building 65000 Cash 65000 (Cash paid for metal building ) Jan.3 Store Equipment 15000 Cash 15000 (Purchase of store equipment for cash) Jan.4 Office Supplies 2500 Accounts Payable 2500 (Purchase of office supplies on account from Office Max) Jan.4 Inventory 10000 Accounts Payable 10000 (Purchase of shirts and pants from Amazon on account) Jan.5 Accounts Receivable 17600 Sales 17600 (Sale of 200 shirts and 200 pants to Kohl's on account - 2/10 , n/30) Cost of goods sold 4000 Inventory 4000 (Cost of 200 shirts and 200 pants sold to Kohl's) Jan.6 Inventory 4600 Accounts Payable 4600 (Purchase of 150 shirts and 200 pants from Wholesale Central) Jan.8 Accounts Payable 10000 Cash 9700 Inventory 300 (Cash paid to Amazon for the Jan.4 purchase) Jan.10 Accounts Payable 2500 Cash 2500 (Payment made to Office Max) Jan.15 Wages Expense 2500 Cash 2500 (Payment of bi-weekly wages) Jan.15 Cash 24800 Sales 24800 (Sale of 250 shirts and 300 pants for cash) Cost of goods sold 7100 Inventory 7100 (Cost of goods sold for cash) Jan.17 Cash 17600 Accounts Receivable 17600 (Payment received from Kohl's ) Jan.18 Accounts Receivable 5800 Sales 5800 (Sale of 50 shirts and 75 pants to Seabels - 2/10 net 30) Cost of goods sold 1675 Inventory 1675 (Cost of goods sold to Seabel) Jan.20 Utility exxpense 270 Cash 270 (Payment of utility bill) Jan.22 Sales 600 Accounts Receivable 600 (Goods returned by Seabels) Inventory 165 Cost of goods sold 165 (Cost of the goods returned by Seabels) Jan.23 Prepaid Advertising 2400 Cash 2400 (Advertising expense paid in advance) Jan.26 Accounts Payable 4600 Cash 4600 (Payment made to Whole Central on account) Jan.26 Prepaid Insurance 3600 Cash 3600 (Insurance purchased for 6 months) Jan.30 Dividend 1500 Cash 1500 (Payment of cash dividend) Jan.31 Income Tax expense 8697 Cash 8697 (Income tax paid) Jan.31 Bad Debt 456 Allowance for doubtful accounts 456 (Bad debts expense @2% of all credit sales)

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