reinforcement activity 2 part a:
Use the following journals: General, cash payments, sales, purchases, and cash reciepts

Dec. 1. Paid cash to Riverside Properties for rent, $1,600.00. C456.

2. Paid cash to City Office Source for office supplies, $216.00. C457.

2. The board of directors declared a dividend of $0.50 per share; capital stock issued is 6,000 shares. M56.

3. Received cash on account from Chandler City Schools, covering $392 for $814.80, less 2% sales discount. R402.

3. Sold merchandise on account to Pacific Stores, $4,795.00, plus sales tax. S395.

4. Paid cash to Downtown Hardware for miscellaneous expense, $85.00. C458.

6. Recorded cash and credit card sales, $5,845.00, plus sales tax, $315.63; total, $6,160.63. TS45.

7. Bought $225.00 of office supplies and $312.00 of store supplies from Alpha Supply on account, $537.00. M57.

8. Paid cash on account to Singh Imports, covering P243 for $1,589.00, less 2% discount. C459.

8. Sold merchandise on account to Batesville Manufacturing, $1,208.00, plus sales tax. S396.

8. Purchased merchandise on account from Trevino Company, $4,000.00, less a 40% trade discount. P245.

10. Paid cash to Cantrell Energy for electric bill, $482.50. C460.

10. Purchased merchandise on account from Singh Imports, $3,925.00. P246.

11. Received a $3,000.00 check from Pacific Stores. The check pays $3,061.22 of the Dec. 3 sale on account, $395, less 2%

11. Paid cash on account to Klein Industries, $2,618.00, covering P240. C461.

13. Paid cash to City Office Source for store supplies, $235.00. C462.

13. Recorded cash and credit card sales, $7,125.00, plus sales tax, $384.75; total, $7,509.75. TS46.

13. Purchased merchandise on account from Klein Industries, $4,958.00. P247.

14. Sold merchandise on account to Chandler City Schools, $5,580.00. Chandler City Schools is exempt from sales tax. $397.

14. Paid cash to Innovative Communications for advertising, $325.00. C463.

14. Returned $410.00 of merchandise to Klein Industries from P247. DM14.

14. Received cash on account from Musheer Orthopedics, $831.50, covering $385. R404.

15. Paid cash on account to Alpha Supply, $942.00, covering P241. C464.

15. Paid cash for liability for employee income tax, $471.00, social security tax, $899.00, and Medicare tax, $210.25; total, $1,580.25. C465.

15. Paid cash for semimonthly payroll, $2,670.10 (total payroll, $3,528.00, less deductions: employee income tax, $228.00; social security tax, $218.74; Medicare tax, $51.16; health insurance premiums, $240.00; retirement benefits, $120.00). C466.

15. Recorded employer payroll taxes, $309.89, for the semimonthly pay period ended December 15. Taxes owed are: social security tax, $218.74; Medicare tax, $51.16; federal unemployment tax, $5.16; and state unemployment tax, $34.83. M58.




Cam
3:55 PM (1 hour ago)
to me


Dec 16. Discovered that a sale on account to Musheer Orthopedics for $627.50 was incorrectly charged to the account of Hubbard Medical Clinic. M59.

18. Sold merchandise on account to Pacific Stores, $3,640.00, plus sales tax. $398.

20. Recorded cash and credit card sales, $6,890.00, plus sales tax, $367.93; total, $7,257.93. TS47.

22. Received cash on account from Hubbard Medical Clinic, covering $390 for $1,057.50. R405.

23. Paid cash on account to Medical Clothiers, $548.00, covering P239. C467.

24. Granted credit to Pacific Stores for merchandise returned, $128.00, plus sales tax, $7.68, from $395; total, $135.68. CM25.

27. Recorded cash and credit card sales, $6,295.00, plus sales tax, $347.48; total, $6,642.48. T548.

28. Gulf Uniform Supply's bank charges a fee for handling the collection of credit card sales deposited during the month. The credit card fee is deducted from its bank account. The amount is then shown on the bank statement. The credit card fee is recorded in the cash payments journal as a reduction in cash. Recorded credit card fee expense, $442.00. M60. (Debit Credit Card Fee Expense; credit Cash.)

29. Paid cash for dividend declared December 2. C468.

29. Purchased merchandise on account from Distinctive Garments, $3,528.00. P248.