Write the answers to the following questions in the space provided.
All of the following questions relate to February 8-14.

Register Reports
1. What is the total amount of purchase orders for the period?
2. What is the total amount of purchase invoices for the period?
3. What is the total amount of sales for the period?

Journal and Ledger Reports
4. What are the total debits and credits shown on the purchases journal?
5. What are the total debits and credits shown on the cash payments journal?
6. What are the total debits and credits shown on the sales journal?
7. What are the total debits and credits shown on the cash receipts journal?
8. From the general ledger report, what was the Accounts Receivable account balance on February 14?
9. What is the account balance of the following accounts as of February 14?
Sales
Sales Returns and Allowances
Sales Discount
10. From the trial balance, what is the net amount of sales (Sales minus Sales Returns & Allow.)? Does it equal the total amount of yearly sales shown on the inventory Yearly Sales report?

11. From the schedule of accounts receivable, what is the total due from all customers as of February 14? Does it equal the current balance in the Accounts Receivable account?
12. From the statement of account for Wingler Motel, what is the current account balance?

Inventory Reports and Graph:
13. How many items were sold during the period?
14. Which item has the greatest sales volume based on the dollar amount?
15. What is the total amount of yearly sales?
16. From the graph, what customer has greatest amount of sales to date?

Data From Problem

Feb 08 

Ordered the following merchandise from Handy Manufacturing, Inc., terms 2/10, n/30. Purchase Order No. 277.

11 

Received the following merchandise for Purchase Order No. 275 from Handy Manufacturing, Inc., terms 2/10, n/30. Purchase Invoice No. 859.

12 

Received the following merchandise for Purchase Order No. 276 from Royal Accessories, Inc., terms 2/10, n/30. Purchase Invoice No. 860.

14 

Ordered the following merchandise from Nantz Vacuum Cleaner Co., terms 2/10, n/30. Purchase Order No. 278.

Step 6: Enter the following sales invoice transactions.

Weekly Sales Invoice Transactions

Feb 08 

Sold the following merchandise to Fraze Department Stores, terms 2/10, n/30, 7% sales tax, Sales Invoice No. 531:

Feb 09 

Sold the following merchandise to Jennifer Martens, terms 30 days, 7% sales tax, Sales Invoice No. 532:

Feb 10 

The following merchandise was returned to Vetter Vacuum Center by Wingler Motel, 7% sales tax, Sales Return No. R530:

Feb 10 

Sold the following merchandise to Wingler Motel, terms 2/10, n/30, 7% sales tax, Sales Invoice No. 533:

Feb 11 

Sold the following merchandise to Robert Thorson, terms 30 days, 7% sales tax, Sales Invoice No. 534:

Feb 12 

Sold the following merchandise to Bassett Cleaning, Inc., terms 2/10, n/30, 7% sales tax, Sales Invoice No. 535:

Feb 13 

Sold the following merchandise to Lilly Industries, Inc., terms 2/10, n/30, 7% sales tax, Sales Invoice No. 536:

Feb 14 

Sold the following merchandise to Matthew Cornish, terms 30 days, 7% sales tax, Sales Invoice No. 537:

Transcribed Image Text:

Unit Cost Quantity 8 Description Wet & Dry Vacuum 199.00 Unit Cost Description Allergenci Bag Quantity 32 5.35