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Please rank the weekdays from the highest complaints reported to the lowest for the last 8 months of the year.
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- END-OF-PERIOD SPREADSHEET, ADJUSTING, CLOSING, AND REVERSING ENTRIES Vickis Fabric Store shows the trial balance on page 601 as of December 31, 20-1. At the end of the year, the following adjustments need to be made: (a, b)Merchandise inventory as of December 31, 31,600. (c, d, e)Vicki estimates that customers will be granted 2,500 in refunds of this years sales next year and the merchandise expected to be returned will have a cost of 1,800. (f)Unused supplies on hand, 350. (g)Insurance expired, 2,400. (h)Depreciation expense for the year on building, 20,000. (i)Depreciation expense for the year on equipment, 4,000. (j)Wages earned but not paid (Wages Payable), 520. (k)Unearned revenue on December 31, 20-1, 1,200. PROBLEM 15-10A CONT. REQUIRED 1. Prepare an end-of-period spreadsheet. 2. Prepare adjusting entries and post adjusting entries to an Income Summary T account. 3. Prepare closing entries and post to a Capital T account. There were no additional investments this year. 4. Prepare a post-closing trial balance. 5. Prepare reversing entry(ies).Assuming that the average customer ticket is $6, determine: Number of customers per day the first month they are open (January) __________ Number of customers per day the 6th month they are open (June) __________ Number of customers per day the 12th month they are open (December)________The following data are for Jessee's Candy Store for January: question 19 ss attached thanks
- The following information is from Tejas WindowTint’s financial records. Month Sales PurchasesApril ........................... $72,000 ............................................................ $42,000May ............................. 66,000 ............................................................ 48,000June ............................ 60,000 ............................................................ 36,000July .............................. 78,000 ............................................................ 54,000 Collections from customers are normally 70 percent in the month of sale, 20 percent in the month following the sale, and 9 percent in the second month following the sale. The balance is expected to be uncollectible. All purchases are on account. Management takes full advantage of the 2 percent discount allowed on purchases paid for by the tenth of the following month. Purchases for August are…I need help working out problems like these. Please explain in detail each step used to complete these journals. Perpetual: LIFO and Moving-Average Vozniak Company began business on January 1, 20-1. Purchases and sales during the month of January follow. Date Purchases Sales Units Cost/Unit Units Jan. 1 100 $2.00 Jan. 5 500 2.30 Jan. 7 300 Jan. 12 300 2.40 Jan. 15 300 Jan. 17 200 2.50 Jan. 19 500 2.70 Jan. 24 800 Jan. 28 100 Jan. 31 200 2.90 Required: Calculate the total amount to be assigned to cost of goods sold for January and the ending inventory on January 31, under each of the following methods. In your calculations round the average unit cost to four decimal places. If required, round your final answers to the nearest cent. Cost of Goods Sold Inventory on Hand 1. Perpetual LIFO inventory method $ $ 2. Perpetual moving-average inventory method $ $A store has clearance items that have been marked down by 30%. They are having a sale, advertising an additional 35% off clearance items. What percent of the original price do you end up paying?Give your answer accurate to at least one decimal place.
- Warton Company posts individual sales to the accounts receivable subsidiary ledger immediately. At the end of each month, Warton posts the end-of-month totals to the general ledger. July 2 Mary Mack . . . . . . . . . . . . . . . . $ 8,600 8 Eric Horner . . . . . . . . . . . . . . . . 11,100 10 Troy Wilson . . . . . . . . . . . . . . . . 13,400 14 Hong Jiang . . . . . . . . . . . . . . . . 20,500 20 Troy Wilson . . . . . . . . . . . . . . . . 11,200 29 Mary Mack . . . . . . . . . . . . . . . . 7,300 Total credit sales . . . . . . . . . . . . $72,100 1. Open an accounts receivable subsidiary ledger with a T-account for each customer. Post the amounts to the subsidiary ledger. 2. Open an Accounts Receivable controlling T-account and a Sales T-account to reflect general ledger accounts. Post the end-of-month total to these accounts. 3. Prepare a schedule of accounts receivable and prove (confirm) that its total equals the Accounts Receivable controlling account balance.On June 30, a printing shop provides $1000 of services to a customer to custom print restaurant menus. The customer is sent a bill on July 5 for the amount due. A check in the amount of $1000 is received from the customer on July 25. The printing shop follows GAAP and applies the revenue recognition principle. When is the $1000 sale recognized?From the following facts, Molly Roe has requested you to calculate the average daily balance. The customer believes the average daily balance should be $877.67. Respond to the customer’s concern. 28-day billing cycle 18-March Billing date Previous balance $ 800.00 24-March Payment (credit) $ 60.00 29-March Charge: Sears $ 250.00 5-April Payment (credit) $ 20.00 9-April Charge: Macys $ 200.00 Required: Using the information above, complete the following table and questions Number of days of current balance Current balance Extension 6 $ 800.00 5 7 4 6 What is the total extension amount? What is the average daily balance? Total number of days of current balance
- Jan Feb March Purchases on account $260,000 $293,000 $330,000 The vendors have required the following terms of payment: Month of purchase 30% First month after the purchase 35% Second month after the purchase 35% Calculate the total payment on account for the month of March.Mar. 30) The company purchased $1,100 of additional office supplies on credit. Note: Enter debits before credits. Date Account Title Debit Credit Mar 30These transactions occurred during the second half of January. Continue theGeneral Journal where you left off in the previous chapter. Be sure to account forHST as indicated.20—Jan. 16 Bought advertising space in the local community newspaper, $125plus 13% HST. Issued Cheque #7.16 Paid shipping costs on the merchandise bought on the 5th, $85plus HST. Issued Cheque #8.17 Paid transportation cost for new paint mixer and colour dispenserbought on the 9th and delivered from Toronto. Issued Cheque #9for $84.75 (includes $9.75 HST).20 Cash sales: paint and supplies, $2,500; wallpaper, $2,000; plus HST.21 Paid delivery costs for paint and supplies delivered to our customer,$60 plus HST. Cheque #10.26 Bought paint and supplies, $8,500 plus HST. Cheque #11.26 Paid the shipping on paint and supplies bought today, $45 plusHST. Cheque #12.30 Cash sales: paint and supplies, $3,000; wallpaper, $1,000; plus HST.AT MONTH-ENDPost these entries to the ledger accounts and prepare a trial balance on…
