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Directions:

Record the following selected transactions in a general journal

Dec. $1$ Issued Check No$.110$ to Black Company for a $9\%,120-$day note due

today. The face value of the note is $$1,500.$

$1$ Received a $90-$day, $8\%$ note for $$2,400$ from Jed Kissell as partial payment

on account

$4$ Purchased office equipment on credit from Modem Equipment Company

For $$1,800,$ plus freight charges of $$95\text{'}$ and an installation charge of $$180.$

$5$ The equipment purchased on December $4$ was damaged in ne process ouf

installation. Issued Check No$.111$ to Ms$.$ Fixit Co$.$ for the amount of the

repair, $t$55.$

$7$ A note from Pat Sterns for $$3,000$ that was due today was dishonored

When it was presented for payment. The $60-$day note carried interest at $12\%.$

$8$ Wrote off the account of Peg Fuller for $$2,600.$

$9$ Purchased merchandise from Evans Company as follows: $1,200$ units & $$10$;

terms, $2/10,$n$/30.$

$10$ Issued Check No$.112$ to pay Livingston Company the December $1$ balance

due, less a $1\%$ discount.

$11$ Issued Check No$.113$ to increase the petty cash fund by $$200.$

$12$ Collected a $120-$day, $11\%$ note with a face value of $$6,000$ due today.

$16$ Soldan item of store equipment that cost $$2,800$ and had been depreciated

through the end of November at the rate of $$40$ a month for a total

depreciation of $$1,920.$ Received cash of $$790$ for the sale.

$16$ Borrowed $$8,000$ by issuing a $30-$day, $8\%$ note.

$17$ Issued Check No$.114$ to pay Empire Company for the December $1$ balance.

$18$ Issued Check No$.115$ to pay the purchase of December $9.$

$20$ Carol Davis, whose account was written off last year, paid the $$750$ balance

due to us$.$ Reinstated the account and recorded the collection.

$24$ Purchased merchandise from Evans Company as follows: $1,000$ units @

$$10\mathrm{.}20$; terms $\frac{2}{10},\frac{n}{30}.$

$26$ Issued Check No$.117$ to the owner for a cash withdrawal of $$500.$

$31$ Recorded interest accrued on the note of December $1.$

$31$ Adjusted for merchandise inventory. A total of $1,700$ units are on hand.

There was no beginning inventory.

$31$ Recorded accrued salaries. Weekly salaries for a five$-$day week amount to

$$45,000.$ The year $20x1$ ended on a Monday, with salaries to be paid the

following Monday.

$31$ Recorded insurance expired, $$300.$ Insurance is recorded initially as an asset.

$31$ Recorded interest accrued on the note issued on December $16.$

$31$ Aged the accounts receivable and adjusted the Allowance for Doubtful

account to a balance of $$3,900.$

Journal general entries with the formula please

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