Journalize the following:

Day 2 You bought a car for business use. of $ 18,000, with check # 101 you paid the early $ 3,000 and signed a Note Payable of $ 12,000, which expires in one year and will generate 12% annual interest.

Day 3 You bought $ 4,000 worth of beauty equipment on credit at Sally

Day 4 You rented a space for the business and paid with check # 102 the amount of $ 2,100 for three months of rent in advance

Day 5 With check # 103, $ 500 worth of beauty supplies was purchased at Sally

Day 6 It was purchased from the Alberto-Curve Co., lnc. 240 shampoo @ $ 2.00 each with invoice. #105

Day 7 Combe Incorporated purchased 60 boxes of men's hair dye @ $ 12 each with fact. 200

Day 8 You wrote check # 104 for $ 1,000 to cover personal expenses

Day 9 The following was sold to Wanda Montes with invoice 101: 48 shampoo, 12 boxes of men's hair dyes, 36 volumax, 36 brushes, 36 hair spray, 36 makeup bags, 6 professional makeup cases, 36 blonde hair dyes for women, 36 combs, 6 black hair dyes

Day 10 You paid with check # 105 the car's gas costs for $ 50

Day 10 Purchased with check # 106 from Darin Distribuitor 60 volumax @ $ 1 each

Day 12 With the bill #120, 40 shampoo were returned to Alberto-Curve, lnc

Day 13 With Check #107, invoice #105 was paid to Alberto-Curve, lnc
Day 14 Wanda Montes returned with the invoice -102 12 shampoo and paid the rest (DI)

Day 15 With check # 108, Cótty bought 24 suitcases

Day 15 You paid Claudia Suarez's salary for the fortnight with check # 109. She earns $ 7.50 per hour and worked for the fortnight 100 hours (one fortnight has 88 regular hours). (Income Tax Retained 10%, State unemployment 5.4%, Federal unemployment .8%, Seg. Soc. 6.2%, Medicare 1.45%, Disability Insurance .3%)

Day 15 With check # 110 you paid Bryan Reyes salary. He earns $6.00 per hour. He worked only the 88 hours of the fortnight that include 5 hours of lunch. (Tax on Retained Income 10%, State unemployment 5.4%, Federal unemployment .8%, Sec. Soc. 6.2%, Medicare 1.45%, Sec. Disability .3%)

Day 16 The following was sold to Arnaldi with invoice 103:
24 shampoo
12 boxes of men's hair dyes
24volumax
24 brushes
24 hair spray
24 makeup bags
4 professional makeup cases
24 blonde hair dyes for women
24 combs
4 black hair dyes

Day 17 Avon purchased 320 brushes with invoice

Day 18 It was purchased from Suave, lnc. with invoice 150 30 Spray

Day 20 You paid $ 25 from business phone with check # 111

Day 21 The following was sold to Magaly Febles with invoice 104:
30 shampoo
12 boxes of men's hair dyes
30 volumax
30 brushes
30 hair spray
35 makeup bags
5 professional makeup cases
30 blonde hair dyes for women
30 combs
Day 22 36 professional makeup cases were bought with invoice 120 from Samsonite

Day 23 Paid with check #112 the electricity bill of $50

Day 24 blonde hair dyes were purchased for women with invoice 120 from L'Orea 1, USA

Day 24 Magaly Febles returned 5 makeup bags, invoice -104 and paid the rest {D-2)

Day 25 6 briefcases were returned to Samsonite with invoice -125

Day 26 The following was sold to Hair Soultion with invoice #105:
24 shampoo
10 boxes of men's dyes
24 volumax
24 brushes
24 hair spray
24 makeup bags
3 professional makeup cases
24 blonde hair dyes for women
24 combs
3 black hair dyes

Day 26 24 combs were bought with invoice 160 from Mundo de las combillas

Day 28 $ 500 was received from Hair Solution as a credit to invoice 105 {D3}

Day 29 The following was sold to Hair Solution with invoice 106:
20 shampoo
6 boxes of men's dyes
20 volumax
20 brushes
20 hair spray
20 makeup bags
3 professional makeup cases
20 blonde hair dyes for women
20 combs
3 black hair dyes
Day 30 You paid Claudia Suarez's salary for the fortnight with check # 113. She earns $ 7.50 an hour and worked during the fortnight for 110 hours and no lunch break. (Tax on Retained Income 10%, State unemployment 5.4%, Federal unemployment .8%, Sec. Soc. 6.2%, Medicare 1.45%, Sec. Disability .3%)

Day 30 With check # 114 you paid Bryan Reyes salary. He makes $ 8.00 per hour. He worked 98 hours of the fortnight which includes 4 hours of lunch. (Tax on Retained Income 10%, Unemployment State 5.4%, Federal Unemployment .8%, Sec. Soc. 6.2%, Medicare 1.45%, Disability Sec .3%)

Day 31 The remainder of invoice 120 was paid to Samsonite with check #115

Day 31 Personal expenses were paid with check # 116 for $ 800.

Day 31 Payment of invoice 106 from Beauty Salon (D-4) was received

Day 31 Sales made in cash were booked and deposited (D-5)
98 shampoo
56 boxes of men's dyes
36 volumax
52 brushes
30 hair spray
18 makeup bags
10 professional makeup cases
18 blonde hair dyes for women
18 combs
12 black hair dyes

Day 31 Make the adjustment entries with the following information:
An inventory of the beauty supplies was taken and $ 320 remained.
The car was estimated to have a useful life of 5 years and a salvage value of $ 3,000
The equipment was estimated to have a useful life of 10 years with no residual value
January rent adjustment

Answer rating: 100% (QA)

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