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Comp6-1 (similar to) The Dartys Lamp Company (CLCi, owned by Jena Dardys, is a whclesale compenry that purchases lamps from the manufacturer and resels them to retail stores Merchandise Inventory as of September 30 consists of the folcwing lamps: The trial bac for DLC as ofScptemoer 30 2018 Tclows Ell Cick the icon to view the trial balance.) During the fcurh quanr of 2018, DLC compicted th tolowng transacions: (Click ne icon to view the transactions) Cash Accounts Payable Sales Revenue Accounts Recelvable Darbys, Capital Cost of Goods Sold Darbys, Withdrawals Salaries Expanse Salling Othice Supplies Warehouso Supplies Supplies Expense Selling Land Depreciation Expense Selling Bullding Office Furniture and Equipment Utilities Expense-Administrative Supplies ExpanseAdministrative Choose trom any ist or enter any number in the input helds and then click Check Answer(clIcK the lcon to view the additionall Information.) The trial balance for DLC as or September 30, 2018 follows: EEB (ClIck the icon to view the tnal balance.) More Info The company has three inventory items: desk lamps, table lamps, and loor lamps. DLC uses a perpetual inventory system, FIFO method. DLC owns land with a building, which is separated into two parts: omice space and warehouse space. All expenses associated with the omce are categorized as Administrative Expenses. All expenses associated with the warehouse, which is used tor the shipping and recelving funcions of the company, are categorized as Selling Expenses. In addition to the land and buiiding, DLC also owns oice fumiture and equipment and warehouse foctures. The company uses one accumulated depreciation account for all the depreciable assets. Merchandise Inventory Darbys, Withdrawals Salaries Expense-Selling Office Supplies Utilities Expense-Selling Data Table Warehouse Supplies supplies Expens←Selling Darbys Lamp Company Balance Account Credit 395,000 Land Depreciation Expense-Selling Accounts Recevable Merchandise Inventory Office Supplies Warehouse Supplies 142,200 12,000 760,000 132,000 380,000 Building Salaries Expense-Administrative Office Furniture and Equipment Warehouse Fxtures Accumulated Depreciation Accounts Payable Darbys, Capital Darbys, Withdrawals Sales Revenue Cost of Goods Sold Salaries Expense -Selling Utilities Expense Selling Supplies Expense Selling Depreciation Expense-Selling Salaries Expense-Administrative $ 254,400 Office Furniture and Equipment Utilities Expense-Administrative 482,300 2,548,125 1,025,000 285,000 34,000 Warehouse Fixtures Supplies Expense-Administrative 95,000 24,000 Depr. Expense Administrative Depreciation Expense- Administrative S 3,284,825 $ 3,284,825 Total Choose from any list or enter any number in the input fields and then click Check Answer Print DoneMore Info Oct. 1 Purchased lamps on account from Rocky Lights, terms n/30 FOB destination: Merchandise Inventory Darbys, Withdrawals Salaries Expense-Selling 4,500 desk lamps at S5 each 4,500 table lamps at $18 each 5,000 noor lamps at S27 each 12 Sold lamps on account to Arcade Home Furnishings, terms 1 /10, n30: 15 Sold lamps on account to Valdosta orice supply, terms 1 /10, n/30: 20 Received a check from Arcade Home Furnishings for full amount owed 3,500 table lamps at $43 each Office Supplies Utilities Expense -Selling 1,500 desk lamps at $25 each on Oct. 12 sale. 23 Received a check from Valdosta Office Supply for full amount owed on Oct 15 sale 28 Sold lamps on account to Avenue Home Stores, terms 310, n/30: 1,000 table lamps at $43 each 1,700 noor lamps at $62 each Warehouse Supplies 30 Paid amount due to Rocky Lights from 31 Paid salaries. S38.000 (75% selling, 25% administrative). 31 Paid utilities, $2400 (70% selling, 30% administrative) Öct. 1 purchase Data Table Nov. 1 Sold lamps on account to Valdosta Office Supply, terms 2/10, n/30: Quantity Unit Cost Total Cost 2,500 desk lamps at $25 each Land 5 Purchased lamps on account from Rocky Lights, terms n/30, Desk Lamp Table Lamp Floor Lamp 3,400$ 3,200 2,300 $ 5 $ 19 28 17,000 60,800 64,400 142,200 FOB destination: 4,500 desk lamps at S8 each 7,000 table lamps at $21 each 10,000 floor lamps at S30 each 5 Receved a check from Avenue Home Stores for full amount owed on Oct. 28 sale 8 Received a check from Valdosta Office Supply for full amount owed on Building Print Done Nov. 1 sale 10 Purchased and paid tor supplies: $520 tor the otfice; $480 tor the 15 Sold lamps on account to Stewart Office Supply, n/30 18 Sold lamps on account to Plaza Discount Stores, terms 1 /10, n/30: 2,200 desk lamps at 525 each 1,500 table lamps at $43 each 1,700 floor lamps at S62 each Office Furniture and Equipment Utilities Expense-Adminisrative 28 Receved a check from Plaza Discount Stores for full amount owed on Nov. 18 Sale. 30 Paid salaries. S38.000 (75% selling, 25% administrative). 30 Paid utilities, $2.260 (70% selling, 30% administrative) Dec. 5 Paid amount due to Rocky Lights from Nov. 5 purchase. Warehouse Fixtures Supplies ExpenseAdministrative 15 Received a check from Stewart Office Supply for full amount owed on Nov. 15 sale. 15 Darbys withdrew $55,000 trom the business 27 Sold lamps on account to Arcade Home Furnishings, terms 1/10, nv/30: 4,200 desk lamps at S25 each 2,500 table lamps at $43 each 31 Paid salaries, $38,000 (75% selling, 25% administrative). 31 Paid utilities, $3,600 (70% selling, 30% administrative). Accumulated Depreciation Depr. Expense-Administrative Print Done

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Cash Accounts Payable Sales Revenue Credit S395,0uO 2 148,995 $238,SOD 238,500 Oct 1 83,000 Nav5 229,S0 $483.00 Oct 3 12 150,500 ct 337,125 Nav 10$1.000 Now5 $143,948 No 30 0,250 Nov8 61,250 Dec5 5183,000 Now 20$168,201 Dec 155 55,000 5S,000De: 31 S 41.600 Oet 28148,100 Nov162,500 Nov 15 $55,000 Nov 1 S 169,900 Dec 15 $3,334,425 Debit Credit Regning $482.300 Cost of Goods Sold Begning$1,025.000 Oct 12 S 66.200 Oct 15 $482,300 109,759 7.500 Darbys Withdrawals Accounts Receivable Debit 12,500 $150,500 Oct 1537,500Oa 23 5 37.500 Oct 28 $148,400 Nav 5514.400 Novi S G2,500 İNavú S 62.500 Now 15$ 5S,000Nav 28 5169,900 150,500 Dec 27 75.900 $1,337,200 55,000 169 900 De 8,500 Dec 31 370,500 Utilities EK Debit 34,000 Nov 305 1582 2.520 Bepinnin $142,200 O125 65.200 0ct 1 $238.500 Ot15 5 7,500 Dec 31 39,782 Credit 703,300 Credit Nov 10 520 Salaries Expense-Admin Warchousc Supplies Dcbit Dec 31 9.500 123,500 Utilities EK Debit 2,000 24,000 Now 30 De: 31 $678 26,478 Admin Office Furniture and E Credit Bepinnie $132,000 $132,000 nse-Admin Debit Ending 380,000 ginning $254400 Ending $254,40

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