202 Figure x then credits Hans Distribution, Inc. 7290 S. Prospect Street Ravenna, OH 44266 Invoice date: September 23, 2024 Sold to: Sosa Tires 6678 Diamond Avenue Ravenna, OH 44266 Payment terms: 1/10, n/30 Quantity Shipped 2 Description D39-X4 Radials M223 Belted-bias Q92 Truck tires Price $35.11 $39.88 $57.45 Amount $70.22 $279.16 $574.50 10 Total $923.88 Due date: October 3, 2024 October 4 througn October 23, 2024 Amount $914.64 $923.88 Print Done 1 of 7 (0 complete Homework: Ch 5 Homework B - Graded Score: 0 of 3 pts EF5-21 (similar to) Sos Tires unes a perpetual inventory wyntem. Sona Times received the following invoice from a supplier (Hann Distribution, Inc.) Click the loan to view the invoice) Read the requirements Requirement 1. Joumatice the transaction required by Sona Tiron on September 23, 2024. Do not round numbers to the nearest whole dotar. Ansume fires are purchased on account (R Date Accounts and Explanation Debit Credit Sep. 23 i More Info Jan. 4 Sold $14,000 of antiques on account, credit terms are n/30, to Chatam Designs. Cost of goods is $7,000. Jan. 8 Received a $100 sales retum on damaged goods from Chatam Designs. Cost of goods damaged is $50. Jan. 13 Annie's Antiques received payment from Chatam Designs on the amount due from Jan. 4, less the return. Jan. 20 Sold $5,300 of antiques on account, credit terms are 1/10, n/45, FOB destination, to Winslow Furniture. Cost of goods is $2,650. Jan. 20 Annie's Antiques paid $120 on freight out to Winslow Furniture. Jan. 29 Received payment from Winslow Furniture on the amount due from Jan. 20, less the discount. Print Done Homework: Ch 5 Homework B - Graded Seve Score: 0 of 9 pts 2 of 7 (0 complete HW Score: 096.0 of 38 pts EF5-23 (similar to) Question Help Annie's Antiques uses a perpetual inventory system. Journalize the following sales transactions for Annie's Antiques. Explorations are not required. The company estimates satura at the end of each month. (Record debits first, then credits. Exclude explanations from ournal entries. Assume the company records sales at the netwount Round il numbers to the rearost whole dollar) Click the loon to view the transactions) Jan. 4. Sold S14,000 of antiques on account, credit terms are 1/30. to Chatam Designs. Cost of goods is $7.000 Begin by preparing the entry to joumalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the totowing top, Date Accounts Debit Credit Jan. 4 ny records sales at the net amount. Round all numbers to the nearest whole dollar.) More Info Feb. 3 Purchased $3,600 of merchandise inventory on account under terms 2/10, n/EOM and FOB shipping point from Sassy's Flowers. Feb. 7 Returned $500 of defective merchandise purchased on February 3. Feb. 9 Paid freight bill of $450 on February 3 purchase. Feb. 10 Sold merchandise inventory on account for $4,200 to Talum Forest. Payment terms were 2/15, n/30. These goods cost the company $2,100. Feb. 12 Paid amount owed on credit purchase of February 3, less the return and the discount Feb. 28 Received cash from Talum Forest in full settlement of their debt. Print Done e input fields and then click Check Answer. Homework: Ch 5 Homework B - Graded Score: 0 of 7 pts 3 of 7 (0 complete) EF5-24 (similar to) Zen World Gin Shop uses a perpetual inventory system. Journalize the following transactions for Zen World Gift Shop Explanations are not required. (Record de explanations from joumal entrios. Assume the company records sales at the not amount Round all numbers to the nearest whole dollar) Click the icon to view the transactions.) Feb, 3: Purchased $3,800 of merchandiso inventory on account under terms 2/10, VEOM and FOB shipping point from Sassy's Flowers Date Accounts Debit Credit Feb. 3 sfire Quality Service Systems Adjusted Trial Balance March 31, 2024 this abit Balance Account Title Debit Credit Cash 4,500 Accounts Receivable 12,900 31,000 1,300 6,200 42,100 13,100 Merchandise Inventory Estimated Returns Inventory Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Refunds Payable Salaries Payable Notes Payable, long-term Mullen, Capital Mullen, Withdrawals 6,000 2.700 900 7,600 28,750 45,000 Sales Revenue Sales Discounts Forfeited 231,000 1,000 Cost of Goods Sold Selling Expense Administrative Expense 103,950 27.100 14,500 2.500 Check Ans Print Done U WOT March 31, 2024 Balance Account Title Debit Credit Cash $ 4,500 Accounts Receivable 12,900 31,000 1,300 6,200 42,100 $ 13,100 6,000 2,700 900 Merchandise Inventory Estimated Returns Inventory Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Refunds Payable Salaries Payable Notes Payable, long-term Mullen, Capital Mullen, Withdrawals Sales Revenue Sales Discounts Forfeited Cost of Goods Sold Selling Expense Administrative Expense Interest Expense 7,600 28,750 45,000 231,000 1,000 103,950 27.100 14,500 2,500 291,050 $ 291,050 Total Print Done Score: 0 of 10 pts 4 of 7 (0 complete EF5-26 (similar to) Quality Service Systems uses a perpetual inventory system. The adjusted trial balance of Quality Service Systems at March 31, 2024. follows: Click the icon to view the adjusted trial balance.) Read the requirements Requirement 1. Journalize the required closing entries at March 31, 2024. (Record debits first, then credits. Select the explanation on the last line of the journal entry Start by closing revenues. Do not close expenses or contra-revenue accounts, we will do this in the next step. Date Accounts and Explanation Debit Credit Mar 31 Clos (1) Power March 31, 2024 Balance Account Title Debit Credit Cash 4,200 Accounts Receivable 13,100 30,900 1,700 6,900 42,900 $ 13,800 Merchandise Inventory Estimated Returns Inventory Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Refunds Payable Salaries Payable Notes Payable, long-term Miller, Capital Miller, Withdrawals 7,000 2,200 1,100 8,400 27.850 44,000 Sales Revenue 233,000 200 Sales Discounts Forfeited Cost of Goods Sold 104,850 Selling Expense Administrative Expense 27,400 14,900 2,700 Interest Expense 293,550 $ 293,550 Total Print Done nswer. EF5-28 (similar to) Budget Office Systems uses a perpetual inventory system. The adjusted trial balance of Budget Office Systems at March 31, 2024, follows: Click the icon to view the adjusted trial balance.) Prepare Budget's multi-step income statement for the year ended March 31, 2024. (Use a minus sign or parentheses to show other expenses.) Budget Office Systems Income Statement Year Ended March 31, 2024 Net Income (Loss) EF5-25 (similar to) Question Help Magnum St. Book Shop's unadjusted Merchandise Inventory at June 30, 2024 was 55.600. The cost associated with the physical count of inventory on hand on June 30, 2004, was 55,600 in addition, Magnum SL Book Shop estimated approximately $1,500 of merchandise sold will be returned with a cost of $900. Requirements 1. Journalize the adjustment for inventory shrinkage. 2. Journalize the adjustment for estimated sales retums. Requirement 1. Journalize the adjustment for Inventory shrinkage. (Record debits first, then cradits. Er dude explanations from journal arties Date Accounts Debit Credit Jun 30 EF5-29 (similar to) Question Help Poppe's Popcom Shopee earned not to revenue of $5,000,000 in 2024. Contol goods sold was $44,200,000, and not income reached $1.000.000, the company's highest ever. Compou the company's grous profit percentage for 2024 First select the fom Then enter the applicable amounts and calculate the gross profit percentage Grosso