Question

Because Natalie has had such a successful first few months, she is considering other opportunities to deve is the sale of fine European juicing machines. The owner of Kzinski Supply Co. has approached Natalie tot distributor of these fine juicers. The current cost of a juicer is approximately $525 Canadian, and Natalie Inventory is recorded using the perpetual method. In the end, Natalie decides to use the perpetual inventory system. The following transactions happen durip 2021: June 6 Purchased and received three deluxe juicers on account from Kzinski Supply Co. for $1,575, FO 1575 terms n/30. 7 shipping 8 Paid $60 freight on the June 6 purchase. Returned one of the juicers to Kzinski because it was damaged during shipping. Kzinski issued credit note for the cost of the juicer plus $20 for the cost of freight that was paid on June 6 for one jurcan 60 9 Collected $500 of the accounts receivable from May 2021. 500 13 w Two deluxe juicers were sold on account for $2,100, FOB destination, terms /30. The juicers sold to Koebel Family Bakery, the bakery that is owned and operated by Natalie's mom and dad. Natalie expict divo be paid for in early August. that juicer 14 Paid the $75 of delivery charges for the two juicers that were sold on June 13. 75 14 Purchased and received four deluxe juicers on account from Kzinski Supply Co. for $2,100, FOX 2100 tums n/30. 15 Received a deposit of $125 from another yoga studio for smoothies during the month of Augu 125 20 Natalie was concerned that there was not enough cash available to pay for all of the juicers pu an additional $1,000 cash in Santé Smoothies. fucked Ico She inverted 21 Paid $80 freight on the June 14 purchase. 90 ala . 21 Sold two deluxe mixers for $2,100 cash. pa 28 Issued a cheque to an assistant for 20 hours worked in June. The assistant earns $12 an hour. 20

i need help please it cover my major part of grades please its a request

i have few journal entries

Answer 1

Answer:

Journal Entries have already been shared above, these include all the adjusted journal entries as well.

Sharing the images below for all the ledger accounts along with the Trial Balance for the same.

The trial Balance could exactly be used for debit and credit balances as Assets and Liabilities.

22. 2014 APRIL S MT T F TUESDAY 112-253 • WK 17 APRIL 2014 3 7 45 101112 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Equipment Sh Particulars "Debit Credit Deprecatione Balance 69,19 846 8.75 10.000 beg. Balance Debit Credit Debrecation 1 Pabliculaos no Equipment Balance 94,000 Balance 8,8as 11.00 12.00 Acclued Interest Integeet expense bol Pasticulassa (Debit Gedit Pasticulars Debit creato Interest expense Accouedist ao. Balance 90 Balance 90. 2.00 300 tonn Supplies aneamed Revenue Particulas Debit Credit fapticular Debit Credit 0, 400 Balance 1,200 Beg. Balance a 12,000 11 Balance - rasbo 6,00 Notes Payable aldo Paloticulas Debit Credit 199 Balance Particulass capital Balance Debit Credit 31000 03.01 87.0

2011 5 M MAY T w T F s 1 2 3 z 9 10 11 12 13 14 15 16 17 5 21 APRIL 2014 MONDAY lasticilas Accounts Receivable Debit Credit 7,900 Soo Balance 17.400 qalased cash Sales Pasticulass family Bakery Cash sot w Balance Debit Credit 2,160 0 3 2100 1100 12:09 Family Bakery Postellars sales forb 12,100 Debit credt 100 pobo Delivery changes Particulasse Debit Credit Cash gols 75 Balance bros Balance 2,100 20 othough I prepaid Pasticclass Debit Credit libre 10 cash i 125 500 Balance in 125 Sapte Smoothies Pasticulars Debit credit cash 1,000 Balance MAY 6.00 Selang tibelte Accounts payable za Particulas Debit Credit Debit Gredit ooo! 1. Pasticulas Cash Cash 240 Balance quo by Balance 10,807 Balance Balance Bio 10,580 UN 19 20 21 22 23 24 25 26 27 28 29 30 31

19 TFS SATURDAY 109.256 • WK 16 APRIL 2014 2014 APRIL SM T w 3 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 9.00 10.00 * bedges alce ne, ne Purchase ale Particulas bebit credit. Kzinski co. 1875 Purchase Return 525 Kinski Co Balance 3,150 Bala 11.00 1,575 Koginskiga Particulars Debit Credit Purchase Puachase 9,100 Cash 18,000 Balance 14,325 12.00 1.00 2.00 Cesciage Jawands 300 Particular Cash Cash Balance Ibebit credit 60 80 140 4.00 5.00 76 6.00 Puachage Relyan Pasticulass Debit Credit Purchase 525 cash Paoticulars Debit Credit Capsiage , Inwards Purchase 2o Accounts Delivery chages Poepaid 1125 Sante Smoothie 1,000 cassiage in. 80 sales Salary Al payable kainstico 8,000 Sapore Beg. Balance 9900 Bulance 7.00 Balance 525 20 SUNDAY 12,000 Quo

2014 WK 17. 113.252 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Credit Cassilage Inwards 1200 4,200 1.00 125 200 Joial Balance Particulars Debit Cash 4,530 Purchase 3,150 8 Kioski.co. 4,328 140 Puschase Return Accounts Receivalde 7,400 a family Bakery 9,100 Sales Delivery, changes Prepaid Sante Smoothies Accounts Payable Equipment 69,125 ) Accumulated Depoed alion the Accoued Interest Interest Expense 90 Supplies 1200 Revenue Notes Payable Capital Accocents Receivable 1,735 1,000 10.580 300 4:00 24,000 90 5.00 AVVV 6.00 29,000 3,000 48,800 7.00 TIT Total amount 93795 93,795

COmment below for any more clarifications.