Question

Hi I need everything done for this assignment. The 2 and 3 got chopped off. There's quite a bit to do. THANK YOU!!!!!!!!!!!!!!!

Abby Ellen opened Abby's Toy House. As her newly hired accountant, your tasks are to do the following: . Journalize the transactions for the month of March. Use the periodic method Record to subsidiary ledgers and post to the general ledger as appropriate. Prepare a schedule of accounts receivable and a schedule of accounts payable. S50

Answer 1

1. In the books of Abby's Toy House:

Date	Account Titles	Debit	Credit
20IX March		$	$
1	Cash	7,800
	Abby Ellen, Capital		7,800
1	Prepaid Rent	3,400
	Cash		3,400
1	Purchases	4,300
	AccountsPayable: Morris Curtis Company		4,300
3	Accounts Receivable : David Plouffe	1,300
	Sales		1,300
6	Accounts Receivable: John Drayton	1,100
	Sales		1,100
8	Purchases	1,300
	Accounts Payable: Morris Curtis Co.		1,300
9	Accounts Receivable : David Ploffe	400
	Sales		400
9	Cleaning Expense	400
	Cash		400
10	Purchases	4,500
	Accounts Payable: Michael Keiser		4,500
10	Sales Returns and Allowances	500
	Accounts Receivable: John Drayton		500
12	Accounts Payable: Morris Curtis Co.	4,300
	Purchase Discount ( $ 4,300 x 3 %)		129
	Cash		4,171
13	Cash	900
	Sales		900
13	Salaries Expense	1,100
	Cash		1,100
14.	Accounts Payable: Michel Keiser	600
	Purchase Returns		600
15	Cash	4,200
	Sales		4,200
16.	Cash	582
	Sales Discount	18
	Accounts Receivable: John Drayton		600
16	Cash	1,300
	Accounts Receivable: David Plouffe		1,300
16	Accounts Receivable: Aimee Raypole	4,000
	Sales		4,000
20	Delivery Truck	3,300
	Accounts Payable: Sam Katz Garage		3,300
22	Accounts Receivable: David Plouffe	400
	Sales		400
23.	Accounts Payable: Michael Keiser	3,900
	Puchase Discount		39
	Cash		3,861
24	Accounts Receivable : Aimee Raypole	1,600
	Sales		1,600
25	Purchases	500
	Cash		500
26	Purchases	4,100
	Accounts Payable: Millard Filmore		4,100
28.	Cash	388
	Sales Discount	12
	Accounts Receivable: David Plouffe		400
28.	Cash	1,552
	Sales Discounts	48
	Accounts Receivable : Aimee Raypole		1,600
28.	Cash	8,500
	Abby Ellen, Capital		8,500
28.	Purchase	2,000
	Accounts Payable: Morris Curtis Co.		2,000
30	Accounts Payable: Morris Curtis Co.	2,000
	Purchase Discount		60
	Cash		1,940
30	Accounts Receivable: Bella Falco Co.	3,400
	Sales		3,400

2. Subsidiary Ledgers: Accounts Payable

Morris Curtis Company:

Date	Ref.	Debit	Credit	Balance
Mar 1	Inv. # 410		4,300	4,300
Mar 8	Inv. # 415		1,300	5,600
Mar 12	Inv. # 410	4,300		1,300
Mar 28	Inv. # 436		2,000	3,300
Mar 30	Inv. # 436	2,000		1,300

Michael Keiser:

Date	Ref.	Debit	Credit	Balance
Mar 10	Inv. # 311		4,500	4,500
Mar 14	Debit memo # 1	600		3,900
Mar 23	Ch # 5	3,900		0

Millard Filmore:

Date	Ref.	Debit	Credit	Balance
Mar 27	Invoice # 211		4,100	4,100

Sam Katz Garage:

Date	Ref.	Debit	Credit	Balance
Mar 20	Inv # 111		3,300	3,300

Subsidiary Ledgers: Accounts Receivable:

David Plouffe:

Date	Ref.	Debit	Credit	Balance
Mar 3	Inv # 1	1,300		1,300
Mar 9	Inv # 3	400		1,700
Mar 16	Inv # 1		1,300	400
Mar 22	Inv # 5	400		800
Mar 28	Inv. # 5		400	400

John Drayton:

Date	Ref.	Debit	Credit	Balance
Mar 6	Inv # 2	1,100		1,100
Mar 10	Credit memo # 1		500	600
Mar 16	Inv # 2		600	0

Aimee Raypole:

Date	Ref.	Debit	Credit	Balance
Mar 16	Inv # 4	4,000		4,000
Mar 24	Inv # 6	1,600		5,600
Mar 28	Inv # 6		1,600	4,000

Bella Falco Co.:

Date	Ref.	Debit	Credit	Balance
Mar 30	Inv. # 7	3,400		3,400

3. Schedule of Accounts Payable, March 31:

Morris Curtis Company	$ 1,300
Millard Filmore	4,100
Sam Katz Garage	3,300
Totals	8,700

Schedule of Accounts Receivable:

David Plouffe	$ 400
Aimee Raypole	4,000
Bella Falco Co.	3,400
Totals	$ 7,800