Bella Floral Designs is a wholesale shop that sells flowers, plants, and plant supplies. The transactions shown below took place during January. All customers have credit terms of n/30. DATE TRANSACTIONS Jan. 3 Sold a floralarrangement to Thomas Florist; issued Invoice 1081 for $460. 8 Sold potted plants to Carter Garden Supply; issued Invoice 1082 for $755. 9 Sold floral arrangements to Thomasville Flower Shop; issued Invoice 1083 for $454. 10 Sold corsages to Moore's Flower Shop; issued Invoice 1084 for $490. 15 Gave Thomasville Flower Shop an allowance because of withered blossoms discovered in one of the floral arrangements sold on Invoice 1083on January 9; issued Credit Memorandum 101 for $46. 20 Sold table arrangements to Cedar Hill Floral Shop; issued Invoice 1085 for $440. 22 Sold plants to Applegate Nursery; issued Invoice 1086 for $640. 25 Sold roses toMoore's Flower Shop; issued Invoice 1087 for $423. 27 Sold several floral arrangements to Thomas Florist; issued Invoice 1088 for $905. 31 Gave Thomas Florist an allowance because of withered blossoms discovered in oneof the floral arrangements sold on Invoice 1088 on January 27; issued Credit Memorandum 102 for $130. Required: Record the transactions in the proper journal. Post to the accounts receivable ledger. Post the amounts fromthe general journal daily. Post the sales journal amount as a total at the end of the month. Prepare a schedule of accounts receivable. Compare the balance of the Accounts Receivable control account with the total of theschedule. Analyze: Damaged goods decreased sales by what dollar amount? By what percentage amount?

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of the floral arrangements sold on Invoice 1088 on January 27; issued Credit Memorandum 102 for $130. Required: Record the transactions in the proper journal. Post to the accounts receivable ledger. Post the amounts from the general journal daily. Post the sales journal amount as a total at the end of the month. Prepare a schedule of accounts receivable. Compare the balance of the Accounts Receivable control account with the total of the schedule. Analyze: Damaged goods decreased sales by what dollar amount? By what percentage amount?

of the floral arrangements sold on Invoice 1088 on January 27; issued Credit Memorandum 102 for $130. Required: Record the transactions in the proper journal. Post to the accounts receivable ledger. Post the amounts from the general journal daily. Post the sales journal amount as a total at the end of the month. Prepare a schedule of accounts receivable. Compare the balance of the Accounts Receivable control account with the total of the schedule. Analyze: Damaged goods decreased sales by what dollar amount? By what percentage amount?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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