Form 3 Introductory Financial Accounting Individual Assignment 2 Question 1 Ready-Set-Go, Ltd. Interoffice Memo To: Bookkeeper Date: 9 December 2018 Issue Check Number 4413 to Trunk Manufacturers in payment of Invoice Number 7134 dated December 1 Ready-Set-Go, Ltd. distributes suitcases to retail stores. At the end of November, Ready-Set- Go's inventory consisted of suitcases costing $1,200. During the month of December, the following merchandising transactions occurred. Satchel World Form 4 PURCHASE INVOICE Form 1 58 Edgewater Lane Minot, ND 58701 5719 Check No. Trunk Manufacturers 27 Peachtree Drive, Atlanta, GA 30303 Date: 14 December 2018 Pay to the order of Ready-Set-Go, Ltd. $ xXxxx Sold To: Ready-Set-Go, Ltd. Dollars XXXXXXXXXXXXXX Date: 1 December 2018 Acct Dept Copy 2248 Sunrise Towers Queensland Bank Invoice No: 7134 Minot, ND 58701 Invoice Number 5231 dated 3 December 2018 Terms: 2/10, n/30 Quantity Description Unit Cost Amount Form 5 SALES INVOICE 1 24" Suitcase 420.00 420.00 READY-SET-GO, LTD. 2 28" Suitcase 600.00 1,200.00 2248 Sunrise Towers, Minot, ND 58701 Total 1,620.00 17 December 2018 Date: Lady GoGo Sold To: Customer Copy Invoice No: 5232 101 Lakeside Mal Minot, Terms: 1/10, n/30 ND58701 SALES INVOICE Form 2 Amount Unit Cost Item Quantity READY-SET-GO, LTD. 1,400.00 700.00 26" Suitcase 2 2248 Sunrise Towers, Minot, ND 58701 400.00 400.00 20" Suitcase Sold To: Satchel World 1 Date: 3 December 2018 58 Edgewater Lane Minot, ND 58701 Invoice No: 5231 1,800.00 Total Terms: 1/10, n/30 $1,230.00 Cost of Merchandize Sold Quantity Item Unit Cost Amount Thank you for your business 2 28" Suitcase 1,100.00 2,200.00 Total 2,200.00 Cost of Merchandize Sold $1,400.00 Thank you for your business PhoteGrid PURCHASE INVOICE Form 6 Holiday Manufacturers 148 Roosevelt Parkway Minot, ND 58701 Sold To: Ready-Set-Go, Ltd Date: 18 December 2018 2248 Sunrise Towers Invoice No: 5890 Minot, ND 58701 Terms: 1/10, n/30 Quantity Description Unit Cost Amount 1 20" Suitcase 300.00 300.00 24" Suitcase 400.00 1,600.00 Total 1,900.00 Transportation $125 paid by customer on delivery (CASH ONLY) PAID Customer Copy CREDIT MEMO Form 7 SALES INVOICE Form 11 Holiday Manufacturers READY-SET-GO, LTD. 148 Roosevelt Parkway 2248 Sunrise Towers, Minot, ND 58701 Minot, ND 58701 Sold To: Vagabond Travel 27 December 2018 Date: 3976 Technology Mall Minot, ND 58701 Invoice No: 5233 Sold To: Ready-Set-Go, Ltd. Date: 20 December 2018 Terms: 1/10, n/30 2248 Sunrise Towers Invoice No: CM5890 Quantity Item Amount Unit Cost Minot, ND 58701 Terms: 1/10, n/30 2 26" Suitcase 2,000.00 1,000.00 Quantity Description Unit Cost 1 20" Suitcase Amount 400.00 400.00 1 20" Suitcase 300.00 300.00 2,400.00 Total Cost of Merchandize Sold $1,350.00 Total 300.00 Thank you for your business Customer Copy CREDIT MEMO Form 12 READY-SET-GO, LTD. 2248 Sunrise Towers, Minot, ND 58701 Sold To: Vagabond Travel Date: 31 December 2018 3976 Technology Mall Minot, ND 58701 Invoice No: CM5233 4 Terms: 1/10, n/30 Quantity Item Unit Cost Amount Form 8 CREDIT MEMO 1 20" Suitcase 400.00 400.00 READY-SET-GO, LTD. Total 400.00 2248 Sunrise Towers, Minot, ND 58701 Cost of Merchandize Sold Date: 21 December 2018 $150.00 Sold To: Lady GoGo 101 Lakeside Mal Minot, Invoice No: CM5232 Thank you for business your Terms: 1/10, n/30 ND58701 Amount Unit Cost Quantity Item Ready-Set-Go's chart of accounts includes the following: Cash, Accounts Receivable, Inventory, Accounts Payable, Sales Revenue, Sales Returns and Allowances, Sales Discounts, Cost of Goods Sold, Purchase discount taken, Transportation-in and Delivery Expense. 400.00 400.00 20" Suitcase 1 400.00 Total $200.00 Cost of Merchandize Sold Instructions Journalize the transactions for the month of December for Ready-Set-Go, Ltd. using a perpetual inventory system. Sales and purchases are recorded using gross invoice price. Thank you for your business Form 9 Lady GoGo 101 Lakeside Mal Minot, Check No. 0549 ND58701 Date: 22 December 2018 $ xxxxx Pay to the order of Ready-Set-Go, Ltd. Dollars XXXXXXXXXXXXXX Acct Dept Copy Queensland Bank Invoice Number 5232 dated 17 December 2018 less credit memo Form 10 Ready-Set-Go, Ltd. Interoffice Memo 26 December 2018 Date: Bookkeeper Issue Check Number 4414 to Holiday Manufacturers in payment of Invoice Number 5890 dated December 18, less credit memo. To: PhoteGrid