Balance sheet cashflow trial balance
At the beginning of the current season, the ledger of Highland Tennis Shop
showed Cash $2,500; Inventory $1,700; and Common Stock $4,200. The following transactions
were completed during April.
Apr. 4 Purchased racquets and balls from Harris Co. $980, terms 2/10, n/30.
6 Paid freight on Harris Co. purchase $60.
8 Sold merchandise to members $750, terms n/30.
10 Received credit of $130 from Harris Co. for damaged racquets that
were returned.
11 Purchased tennis shoes from Happy Feet for cash $300.
13 Paid Harris Co. in full.
14 Purchased tennis shirts and shorts from Rivera Sportswear $1,300,
terms 3/10, n/60.
15 Received cash refund of $50 from Happy Feet for damaged merchandise
that was returned.
17 Paid freight on Rivera Sportswear purchase $60.
18 Sold merchandise to members $660, terms n/30.
20 Received $500 in cash from members in settlement of their accounts.
21 Paid Rivera Sportswear in full.
27 Granted an allowance of $30 to members for tennis clothing that did
not fit properly.
30 Received cash payments on account from members $550
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Balance sheet cashflow trial balance
At the beginning of the current season, the ledger of Highland Tennis Shopshowed Cash $2,500; Inventory $1,700; and Common Stock $4,200. The following transactionswere completed during April.Apr. 4 Purchased racquets and balls from Harris Co. $980, terms 2/10, n/30.6 Paid freight on Harris Co. purchase $60.8 Sold merchandise to members $750, terms n/30.10 Received credit of $130 from Harris Co. for damaged racquets thatwere returned.11 Purchased tennis shoes from Happy Feet for cash $300.13 Paid Harris Co. in full.14 Purchased...
accounting 2
P5-7AAt the beginning of the current season, the ledger of Village Tennis Shop showed Cash $2,500; Merchandise Inventory $1,700; and Common Stock $4,200. The followingtransactions were completed during April.Apr. 4 Purchased racquets and balls from Denton Co. $740, terms 3/10, n/30.6 Paid freight on Denton Co. purchase $60.8 Sold merchandise to members $900, terms n/30.10 Received credit of $40 from Denton Co. for a damaged racquet that was returned.11 Purchased tennis shoes from Newbee Sports for cash $300.13 Paid Denton...
pare P5-4B Alex Diaz, a former professional tennis star, operates Diaz Tennis Shop at the Cedar...
pare P5-4B Alex Diaz, a former professional tennis star, operates Diaz Tennis Shop at the Cedar Lake Resort. At the beginning of the current season, the ledger of Diaz Tennis Shop showed Cash $2,500, Inventory $1,700, and Owner's Capital $4,200. The following transactions were completed during April. Apr. + Purchased racquets and balls from Marx Co. $840, FOB shipping point, terms 2/10, n/30 6 Paid freight on purchase from Marx Co. $40. 8 Sold merchandise to members $1,150, terms n/30....
Cost of Goods Sold Prepare a trial balance on April 30, 2022. (Do not list those...
Cost of Goods Sold Prepare a trial balance on April 30, 2022. (Do not list those accounts that have zero ending balance.) CRANE PRO SHOP Trial Balance Debit Credit e Textbook and Media List of Accounts Prepare an income statement through gross profit for the month of April 2022. CRANE PRO SHOP Income Statement (Partial) At the beginning of the current season on April 1, the ledger of Crane Pro Shop showed Cash $2,910; Inventory $3,500; and Common Stock $6,410....
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Problem 5-3A (Part Level Submission) At the beginning of the current season on April 1, the ledger of Granite Hills Pro Shop showed Cash $3,280; Inventory $3,500; and Common Stock $6,780. The following transactions were completed during April 2017. Apr. 5 Purchased golf bags, clubs, and balls on account from Arnie Co. $2,000, terms 3/10, n/60. 7 Paid freight on Arnie purchase $80. 9 Received credit from Arnie Co. for merchandise returned $200. 10 Sold merchandise on account to members...
Presented below are selected transactions for Bridgeport Company during September and October of the current year. Bridg...
Presented below are selected transactions for Bridgeport Company during September and October of the current year. Bridgeport uses a perpetual inventory system. Sept. 1 Purchased merchandise on account from Hillary Company at a cost of $45,000, FOB destination, terms 1/15, n/30. 2 The correct company paid $2,000 of freight charges to Trucking Company on the September 1 merchandise purchase. 5 Returned for credit $3,000 of damaged goods purchased from Hillary Company on September 1. 15 Sold the remaining merchandise purchased...
Problem 5-4A Yolanda Hagen, a former disc golf star, operates Yolanda's Discorama. At the beginning of...
Problem 5-4A Yolanda Hagen, a former disc golf star, operates Yolanda's Discorama. At the beginning of the current season on April 1, the ledger of Yolanda's Discorama showed Cash $1,800, Inventory $2,500, and Owner's Capital $4,300. The following transactions were completed during April. Apr. Purchased golf discs, bags, and other inventory on account from Mumford Co. $1,200, FOB shipping point, terms 2/10, n/60. 7 Paid freight on the Mumford purchase $50. 9 Received credit from Mumford Co. for merchandise returned...
Please help, it would be greatly appreciated :) Using T-accounts, enter the beginning balances in the...
Please help, it would be greatly appreciated :)
Using T-accounts, enter the beginning balances in the ledger accounts and post the April transactions. (Post entries in the order of journal entries posted in part a. For accounts that have a zero balance select "4/30 Bal." from the list and enter for the amount.) Cash 4/1 Bal. 2910 4/30 1150 4/30 - Accounts Receivable Inventory Accounts Payable Common Stock Sales Revenue Sales Returns and Allowances At the beginning of the current...
At the beginning of the current season on April 1, the ledger of Oriole Pro Shop...
At the beginning of the current season on April 1, the ledger of Oriole Pro Shop showed Cash $2,660; Inventory $3,500; and Common Stock $6,160. The following transactions were completed during April 2022. Apr. 5 Purchased golf bags, clubs, and balls on account from Arnie Co. $1,700, terms 3/10, n/60. 7 Paid freight on Arnie purchase $80. 9 Received credit from Arnie Co. for merchandise returned $600. 10 Sold merchandise on account to members $1,410, terms n/30. The merchandise sold...
At the beginning of the current season on April 1, the ledger of Blossom Pro Shop...
At the beginning of the current season on April 1, the ledger of Blossom Pro Shop showed Cash $2,600; Inventory $3,500; and Common Stock $6,100. The following transactions were completed during April 2022. Apr.5 Purchased golf bags, clubs, and balls on account from Arnie Co. $1,400, terms 2/10, n/60. 7 Paid freight on Arnie purchase $80. 9 Received credit from Arnie Co.for merchandise returned $200. 10 Sold merchandise on account to members $1,200, terms n/30. The merchandise sold had a...
pare P5-4B Alex Diaz, a former professional tennis star, operates Diaz Tennis Shop at the Cedar Lake Resort. At the beginning of the current season, the ledger of Diaz Tennis Shop showed Cash $2,500, Inventory $1,700, and Owner's Capital $4,200. The following transactions were completed during April. Apr. + Purchased racquets and balls from Marx Co. $840, FOB shipping point, terms 2/10, n/30 6 Paid freight on purchase from Marx Co. $40. 8 Sold merchandise to members $1,150, terms n/30....
Cost of Goods Sold Prepare a trial balance on April 30, 2022. (Do not list those accounts that have zero ending balance.) CRANE PRO SHOP Trial Balance Debit Credit e Textbook and Media List of Accounts Prepare an income statement through gross profit for the month of April 2022. CRANE PRO SHOP Income Statement (Partial) At the beginning of the current season on April 1, the ledger of Crane Pro Shop showed Cash $2,910; Inventory $3,500; and Common Stock $6,410....
Problem 5-4A Yolanda Hagen, a former disc golf star, operates Yolanda's Discorama. At the beginning of the current season on April 1, the ledger of Yolanda's Discorama showed Cash $1,800, Inventory $2,500, and Owner's Capital $4,300. The following transactions were completed during April. Apr. Purchased golf discs, bags, and other inventory on account from Mumford Co. $1,200, FOB shipping point, terms 2/10, n/60. 7 Paid freight on the Mumford purchase $50. 9 Received credit from Mumford Co. for merchandise returned...
Please help, it would be greatly appreciated :)
Using T-accounts, enter the beginning balances in the ledger accounts and post the April transactions. (Post entries in the order of journal entries posted in part a. For accounts that have a zero balance select "4/30 Bal." from the list and enter for the amount.) Cash 4/1 Bal. 2910 4/30 1150 4/30 - Accounts Receivable Inventory Accounts Payable Common Stock Sales Revenue Sales Returns and Allowances At the beginning of the current...
At the beginning of the current season on April 1, the ledger of Blossom Pro Shop showed Cash $2,600; Inventory $3,500; and Common Stock $6,100. The following transactions were completed during April 2022. Apr.5 Purchased golf bags, clubs, and balls on account from Arnie Co. $1,400, terms 2/10, n/60. 7 Paid freight on Arnie purchase $80. 9 Received credit from Arnie Co.for merchandise returned $200. 10 Sold merchandise on account to members $1,200, terms n/30. The merchandise sold had a...
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