Bella Floral Designs is a wholesale shop that sells flowers, plants, and plant supplies. The transactions shown below took place during January. DATE TRANSACTIONS Jan 3 Sold a floral arrangement to Thomas Florist; issued Invoice 1881 for $600. 8 sold potted plants to Carter Garden Supply; issued Invoice 1882 for $825. 9 Sold floral arrangements to Thomasville Flower Shop; issued Invoice 1083 for $482. 10 Sold corsages to Moore's Flower Shop; issued Invoice 1084 for $630. 15 Gave Thomasville Flower Shop an allowance because of withered blossoms discovered in one of the floral arrangements sold on Invoice 1083 on January 9; issued Credit Memorandum 101 for $60. 20 Sold table arrangements to Cedar Hill Floral Shop; issued Invoice 1085 for $580. 22 Sold plants to Applegate Nursery; issued Invoice 1886 for $780. 25 Sold roses to Moore's Flower Shop; issued Invoice 1887 for $437. 27 Sold several floral arrangements to Thomas Florist; issued Invoice less for $975. 31 Gave Thomas Florist an allowance because of withered blossoms discovered in one of the floral arrangements sold on Invoice 1088 on January 27; issued Credit Memorandum 102 for $200.

Bella Floral Designs is a wholesale shop that sells flowers, plants, and plant supplies. The transactions shown below took place during January. DATE TRANSACTIONS Jan 3 Sold a floral arrangement to Thomas Florist; issued Invoice 1881 for $600. 8 sold potted plants to Carter Garden Supply; issued Invoice 1882 for $825. 9 Sold floral arrangements to Thomasville Flower Shop; issued Invoice 1083 for $482. 10 Sold corsages to Moore's Flower Shop; issued Invoice 1084 for $630. 15 Gave Thomasville Flower Shop an allowance because of withered blossoms discovered in one of the floral arrangements sold on Invoice 1083 on January 9; issued Credit Memorandum 101 for $60. 20 Sold table arrangements to Cedar Hill Floral Shop; issued Invoice 1085 for $580. 22 Sold plants to Applegate Nursery; issued Invoice 1886 for $780. 25 Sold roses to Moore's Flower Shop; issued Invoice 1887 for $437. 27 Sold several floral arrangements to Thomas Florist; issued Invoice less for $975. 31 Gave Thomas Florist an allowance because of withered blossoms discovered in one of the floral arrangements sold on Invoice 1088 on January 27; issued Credit Memorandum 102 for $200.

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Description: Record the transactions in the proper Journal. Bella Floral Designs is a wholesale shop that sells flowers, plants, and plant supplies. The transactions shown below took place duringJanuary.DATE TRANSACTIONSJan 3 Sold a floral arrangement to Thomas F

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter9: Sales And Purchases

Section: Chapter Questions

Problem 4PA: The following transactions relate to Hawkins, Inc., an office store wholesaler, during June of this...

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The following transactions relate to Hawkins, Inc., an office store wholesaler, during June of this year. Terms of sale are 2/10, n/30. The company is located in Los Angeles, California. June 1Sold merchandise on account to Hendrix Office Store, invoice no. 1001, 451.20. The cost of the merchandise was 397.06. 3Bought merchandise on account from Krueger, Inc., invoice no. 845A, 485.15; terms 1/10, n/30; dated June 1; FOB San Diego, freight prepaid and added to the invoice, 15 (total 500.15). 10Sold merchandise on account to Ballard Stores, invoice no. 1002, 2,483.65. The cost of the merchandise was 2,235.29. 13Bought merchandise on account from Kennedy, Inc., invoice no. 4833, 2,450.13; terms 2/10, n/30; dated June 11; FOB San Francisco, freight prepaid and added to the invoice, 123 (total 2,573.13). 18Sold merchandise on account to Lawson Office Store, invoice no. 1003, 754.99. The cost of the merchandise was 671.94. 20Issued credit memo no. 33 to Lawson Office Store for merchandise returned, 103.25. The cost of the merchandise was 91.89. 25Bought merchandise on account from Villarreal, Inc., invoice no. 4R32, 1,552.30; terms net 30; dated June 18; FOB Santa Rosa, freight prepaid and added to the invoice, 84 (total 1,636.30). 30Received credit memo no. 44 for merchandise returned to Villarreal, Inc., for 224.50. Required Record the transaction in the general journal using the perpetual inventory system. If using Working Papers, use pages 25 and 26.
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During the month of October 20--, The Pink Petal flower shop engaged in the following transactions: Oct. 1 Sold merchandise on account to Elizabeth Shoemaker, $1,000, plus tax of $50. Sale No. 222. 2 Issued Check No. 190 to Jill Hand in payment of October 1 balance of $500, less 2% discount. 2 Purchased merchandise on account from Flower Wholesalers, $4,000. Invoice No. 500, dated October 2, terms 2/10, n/30. 4 Purchased merchandise on account from Seidl Enterprises, $700. Invoice No. 527, dated October 4, terms 2/15, n/30. 5 Issued Check No. 191 in payment of phone expense for the month of September, $150. 7 Sold merchandise for cash, $3,500, plus tax of $175. 9 Received payment from Leigh Summers in full settlement of account, $2,000. 11 Issued Check No. 192 to Flower Wholesalers in payment of October 1 balance of $1,500. 12 Sold merchandise on account to Leigh Summers, $2,000, plus tax of $100. Sale No. 223. 12 Received payment from Meg Johnson on account,…
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The following transactions occurred over the months of September to December at Nicole’sGetaway Spa (NGS).LO 8-2, 8-4September Sold spa merchandise to Ashley Welch Beauty for $1,800 on account; thecost of these goods to NGS was $900.October Sold merchandise to Kelly Fast Nail Gallery for $450 on account; the costof these goods to NGS was $200.November Sold merchandise to Raea Gooding Wellness for $300 on account; the costof these goods to NGS was $190.December Received $1,200 from Ashley Welch Beauty for payment on its account.Required:1. Prepare journal entries for each of the transactions. Assume a perpetual inventory system.2. Estimate the Allowance for Doubtful Accounts required at December 31, assuming the onlyreceivables outstanding at December 31 arise from the transactions listed above. NGS uses theaging of accounts receivable method with the following uncollectible rates: one month, 2%;two months, 5%; three months, 20%; more than three months, 35%.3. The Allowance for Doubtful…
Gomez Company sells electrical supplies on a wholesale basis. The balances of the accounts as of April 1 have been recorded in the general ledger in your working papers and CengageNow. The following transactions took place during April of this year: Apr. 1 Sold merchandise on account to Myers Company, invoice no. 761, $570.40. Apr. 5 Sold merchandise on account to L.R. Foster, invoice no. 762, $486.10. Apr. 6 Issued credit memo no. 50 to Myers Company for merchandise returned, $40.70. Apr. 10 Sold merchandise on account to Diaz Hardware, invoice no. 763, $293,35. Apr. 14 Sold merchandise on account to Brooks and Bennett, invoice no. 764, $640.16. Apr. 17 Sold merchandise on account to Powell and Reyes, invoice no. 765, $582.12. Apr. 21 Issued credit memo no. 51 to Brooks and Bennett for merchandise returned, $68.44. Apr. 24 Sold merchandise on account to Ortiz Company, invoice no. 766, $652.87. Apr. 26 Sold merchandise on account to Diaz Hardware, invoice no. 767, $832.19. Apr. 30…
1. Review the following transactions for Dish Mart and record any required journal entries. Note that all purchase transactions are with the same supplier. Nov. 5 Dish Mart purchases 26 sets of dishes for $460 per set with cash. Nov. 9 Dish Mart purchases 30 sets of dishes for $430 per set on credit. Terms of the purchase are 10/15, n/60, invoice date November 9. Nov. 13 Dish Mart discovers 5 of the dish sets are damaged from the November 9 purchase and returns them to the supplier for a full refund. Nov. 14 Dish Mart purchases 10 sets of dishes for $450 per set, on credit. Terms of the purchase are 10/10, n/60, invoice date November 14. Nov. 15 Dish Mart discovers that 2 of the dish sets from the November 14 purchase and 4 of the dish sets from the November 5 purchase are missing a few dishes but keeps them since the supplier granted an allowance of $50 per set for the November 14 dish sets and $75 per set for the November 5 dish sets. Dish Mart and the supplier have agreed to reduce…
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