50.1K

Verified Solution

Link Copied!

How to solve

how to do journal entry

. . . . 10/31 Paid Quarterly Sales Tax for period July-Sept 11/1 Paid $1,200 store rent to Harts Leasing 11/5 Deposited GI Center's and Goodwill Checks 11/10 Ordered 130 Sprinkler, 130 bags of bags of Fertilizers, 130 Garden Rocks and 130 Hoses from Lawns R Us for resale. 11/17 Received payment from Gl Center for balance in Full 11/20 Received items ordered and bill from Lawns R Us. Upon inspection there were 50 Hoses and 50 Garden Rocks missing from the shipment. 11/20 Deposited Check from Gl Center's 11/30 Billed Goodwill for Deluxe Lawn Services, 11/30 Received bill of $2,200 from Grand Island Journal Star for Advertising 12/1 Store rent increased, paid $1,400 store rent to Harts Leasing 12/5 Sold 3 bags of bags of Fertilizers, 1 Garden Rocks, 1 Hose and 3 hours of Deluxe Lawn Services, to Chris Jones. He paid cash for his purchases 12/16 Sold 50 bags of bags of Fertilizers, 100 Garden Rocks and 140 Hoses, as well as 18 hours of deluxe lawn care to Gl Center on account 12/31 Billed Goodwill for Deluxe Lawn Services, 12/31 Deposit Check from Chris Jones At the end of the year the following adjustments were made A count showed that $200 worth of Supplies were still on hand at the end of the year Make al annual adjustments as needed. . . . . . . . . . . 10/31 Paid Quarterly Sales Tax for period July-Sept 11/1 Paid $1,200 store rent to Harts Leasing 11/5 Deposited GI Center's and Goodwill Checks 11/10 Ordered 130 Sprinkler, 130 bags of bags of Fertilizers, 130 Garden Rocks and 130 Hoses from Lawns R Us for resale. 11/17 Received payment from Gl Center for balance in Full 11/20 Received items ordered and bill from Lawns R Us. Upon inspection there were 50 Hoses and 50 Garden Rocks missing from the shipment. 11/20 Deposited Check from Gl Center's 11/30 Billed Goodwill for Deluxe Lawn Services, 11/30 Received bill of $2,200 from Grand Island Journal Star for Advertising 12/1 Store rent increased, paid $1,400 store rent to Harts Leasing 12/5 Sold 3 bags of bags of Fertilizers, 1 Garden Rocks, 1 Hose and 3 hours of Deluxe Lawn Services, to Chris Jones. He paid cash for his purchases 12/16 Sold 50 bags of bags of Fertilizers, 100 Garden Rocks and 140 Hoses, as well as 18 hours of deluxe lawn care to Gl Center on account 12/31 Billed Goodwill for Deluxe Lawn Services, 12/31 Deposit Check from Chris Jones At the end of the year the following adjustments were made A count showed that $200 worth of Supplies were still on hand at the end of the year Make al annual adjustments as needed

Answer & Explanation Solved by verified expert

See Answer