need help making general ledger. May1Paid rent (80% selling space, 20% office space)S&P Management Co.2
2Issued credit memo on returned merch.Knox, Inc. Apr. 28175 Total
selling price (gross)Knox, Inc. Apr. 284,725 3Received credit memo
on returned merch.Peyton Products Apr. 29798 4Purchased merchandise
on creditGear Supply Co. May 4 n/10 EOM 37,072 Purchased store
supplies on creditGear Supply Co. May 4 n/10 EOM 574 Purchased
office supplies on creditGear Supply Co. May 4 n/10 EOM 83 5Received payment less discount and returnKnox, Inc. Apr. 28 n/10 EOM 4,459 3411 ? 9Sold store supplies for cash at cost 350 10Purchased office equipment on creditGear Supply Co. May 10 n/10 EOM 4,074 12Received credit memo on returned merch.Gear Supply Co. May 10854 15Check issued for sales salariesPayroll3412 5,320 Check issued for office salariesPayroll3412 3,150 15Cash sales for first half of month (cost $38,200) 59,220 16Sold merchandise on credit (cost $1,890)Hensel Company8786 2/10, n/603,990 17Purchased merchandise on creditFink Corp. May 14 2/10, n/60 13,650 19Paid invoice less discountGarcia, Inc. May 10 3413 22Sold merchandise on credit (cost $4,990)Lee Services87872/10, n/60 6,850 23Paid invoice less discountFink Corp. May 14 3414 13,377 24Purchased merchandise on creditGear Supply Co. May 23 n/10 EOM 8,120 Purchased store supplies on creditGear Supply Co. May 23 n/10 EOM 630 Purchased office supplies on creditGear Supply Co. May 23 n/10 EOM 280 25Purchased merchandise on creditPeyton Products May 23 2/10, n/30 3,080 26Sold merchandise on credit (cost $8,230)Crane Corp.87882/10, n/60 14,210 29Issued check to owner for personal useJenny Colo3416 7,000 30Received payment less discountLee Services May 226,713 30Check issued for sales salariesPayroll3417 5,320 Check issued for office salariesPayroll3417 3,150 31Cash sales for second half of month (cost $42,500) 66,052 Additional information: a. Expired insurance$553 b. Ending store supplies inventory 2,632 c. Ending office supplies inventory 504 d. Estimated depreciation of store equipment 567 e. Estimated depreciation of office equipment 329
To do this assignment, be guided by Larson−Wild−Chiappetta:
Fundamental Accounting Principles, Seventeenth Edition, chapter 7.
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