Belle's Floral Designs is a wholesale shop that sells flowers, plants, and plant supplies. The company...

 

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Belle's Floral Designs is a wholesale shop that sells flowers, plants, and plant supplies. The company operates in a state with no sales tax. The transactions shown below took place during January. All customers have credit terms of n/30. DATE TRANSACTIONS January 3 Sold a floral arrangement to Taggart Florist; issued Invoice 1881 for $418. January 8 Sold potted plants to Clacher Garden Supply; issued Invoice 1882 for $730. January 9 Sold floral arrangements to Thomasville Flower Shop; issued Invoice 1883 for $444. January 10 Sold corsages to Moore's Flower Shop; issued Invoice 1884 for $448. January 15 Gave Thomasville Flower Shop an allowance because of withered blossoms discovered in one of the floral arrangements sold on Invoice 1883 on January 9; issued Credit Memorandum 101 for $41. January 20 Sold table arrangements to Cedar Hill Floral Shop; issued Invoice 1985 for $390. January 22 Sold plants to Applegate Nursery; issued Invoice 1886 for $590. January 25 Sold roses to Moore's Flower Shop; issued Invoice 1887 for $418. January 27 Sold several floral arrangements to Taggart Florist; issued Invoice 1888 for $880. January 31 Gave Taggart Florist an allowance because of withered blossoms discovered in one of the floral arrangements sold on Invoice 1888 on January 27; issued Credit Memorandum 182 for $105. Required: 1. Record the transactions in the proper journal. 2. Post to the accounts receivable ledger. 3. Post the amounts from the general journal daily. Post the sales journal amount as a total at the end of the month. The general ledger accounts used are Accounts Receivable. 111; Sales, 401; and Sales Returns and Allowances, 451. 4. Prepare a schedule of accounts receivable. Compare the balance of the Accounts Receivable control account with the total of the schedule. Analyze: Damaged goods decreased sales by what dollar amount? By what percentage amount? Schedule of Accounts Receivable Prepare a sales journal to record the above transactions. SALES JOURNAL Sales Journal Date January 31, 20X1 General Journal Ledger Accounts Invoice Number Total Customer's Name < Sales Journal Analyze Accounts Receivable Debit Sales Credit $ General Journal > Journal entry worksheet 1 2 Record the first entry required in the general journal. Note: Enter debits before credits. Date January 15, 20X1 Record entry General Journal Clear entry < Sales Journal Debit Credit View general journal Ledger Accounts > Journal entry worksheet < 1 2 Record the second entry required in the general journal. Note: Enter debits before credits. Date January 31, 20X1 Record entry General Journal Clear entry < Sales Journal Debit Credit View general journal Ledger Accounts > Accounts Receivable Date Sales Returns and Allowances Date Debit Applegate Nursery Date Debit Taggart Florist Cedar Hill Floral Shop Date Date Debit Debit Debit Account Number 111 Credit Account Number 451 Credit Balance Credit GENERAL LEDGER Balance Credit Terms: n/45 ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER Terms: n/45 Credit Balance Terms: n/45 Balance 0 Balance Date Sales Debit Clacher Garden Supply Date Debit Moore's Flower Shop Date Debit Thomasville Flower Shop Date Debit Account Number 401 Credit Terms: n/45 Credit Balance Credit Terms: n/45 Balance Credit Balance Terms: n/45 Balance Complete this question by entering your answers in the tabs below. Sales Journal General Journal Prepare a schedule of accounts receivable. BELLA FLORAL DESIGNS Schedule of Accounts Receivable January 31, 20X1 Applegate Nursery Clacher Garden Supply Ledger Accounts Cedar Hill Floral Shop Moore's Flower Shop Taggart Florist Thomasville Flower Shop Total $ Schedule of Accounts Receivable < Ledger Accounts Analyze Analyze > Sales Journal General Journal Ledger Accounts Schedule of Accounts Receivable Analyze Damaged goods decreased sales by what dollar amount? By what percentage amount? Note: Round your percentage answer to 1 decimal place. Damaged goods decreased sales revenue by < Schedule of Accounts Receivable and by %6 Analyze Belle's Floral Designs is a wholesale shop that sells flowers, plants, and plant supplies. The company operates in a state with no sales tax. The transactions shown below took place during January. All customers have credit terms of n/30. DATE TRANSACTIONS January 3 Sold a floral arrangement to Taggart Florist; issued Invoice 1881 for $418. January 8 Sold potted plants to Clacher Garden Supply; issued Invoice 1882 for $730. January 9 Sold floral arrangements to Thomasville Flower Shop; issued Invoice 1883 for $444. January 10 Sold corsages to Moore's Flower Shop; issued Invoice 1884 for $448. January 15 Gave Thomasville Flower Shop an allowance because of withered blossoms discovered in one of the floral arrangements sold on Invoice 1883 on January 9; issued Credit Memorandum 101 for $41. January 20 Sold table arrangements to Cedar Hill Floral Shop; issued Invoice 1985 for $390. January 22 Sold plants to Applegate Nursery; issued Invoice 1886 for $590. January 25 Sold roses to Moore's Flower Shop; issued Invoice 1887 for $418. January 27 Sold several floral arrangements to Taggart Florist; issued Invoice 1888 for $880. January 31 Gave Taggart Florist an allowance because of withered blossoms discovered in one of the floral arrangements sold on Invoice 1888 on January 27; issued Credit Memorandum 182 for $105. Required: 1. Record the transactions in the proper journal. 2. Post to the accounts receivable ledger. 3. Post the amounts from the general journal daily. Post the sales journal amount as a total at the end of the month. The general ledger accounts used are Accounts Receivable. 111; Sales, 401; and Sales Returns and Allowances, 451. 4. Prepare a schedule of accounts receivable. Compare the balance of the Accounts Receivable control account with the total of the schedule. Analyze: Damaged goods decreased sales by what dollar amount? By what percentage amount? Schedule of Accounts Receivable Prepare a sales journal to record the above transactions. SALES JOURNAL Sales Journal Date January 31, 20X1 General Journal Ledger Accounts Invoice Number Total Customer's Name < Sales Journal Analyze Accounts Receivable Debit Sales Credit $ General Journal > Journal entry worksheet 1 2 Record the first entry required in the general journal. Note: Enter debits before credits. Date January 15, 20X1 Record entry General Journal Clear entry < Sales Journal Debit Credit View general journal Ledger Accounts > Journal entry worksheet < 1 2 Record the second entry required in the general journal. Note: Enter debits before credits. Date January 31, 20X1 Record entry General Journal Clear entry < Sales Journal Debit Credit View general journal Ledger Accounts > Accounts Receivable Date Sales Returns and Allowances Date Debit Applegate Nursery Date Debit Taggart Florist Cedar Hill Floral Shop Date Date Debit Debit Debit Account Number 111 Credit Account Number 451 Credit Balance Credit GENERAL LEDGER Balance Credit Terms: n/45 ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER Terms: n/45 Credit Balance Terms: n/45 Balance 0 Balance Date Sales Debit Clacher Garden Supply Date Debit Moore's Flower Shop Date Debit Thomasville Flower Shop Date Debit Account Number 401 Credit Terms: n/45 Credit Balance Credit Terms: n/45 Balance Credit Balance Terms: n/45 Balance Complete this question by entering your answers in the tabs below. Sales Journal General Journal Prepare a schedule of accounts receivable. BELLA FLORAL DESIGNS Schedule of Accounts Receivable January 31, 20X1 Applegate Nursery Clacher Garden Supply Ledger Accounts Cedar Hill Floral Shop Moore's Flower Shop Taggart Florist Thomasville Flower Shop Total $ Schedule of Accounts Receivable < Ledger Accounts Analyze Analyze > Sales Journal General Journal Ledger Accounts Schedule of Accounts Receivable Analyze Damaged goods decreased sales by what dollar amount? By what percentage amount? Note: Round your percentage answer to 1 decimal place. Damaged goods decreased sales revenue by < Schedule of Accounts Receivable and by %6 Analyze

Answer rating: 100% (QA)

1 Sales journal and general journal entries SALES JOURNAL Date Invoice Customer Accts Rec 111 Sales 401 January 31 1081 Taggart Florist 410 410 1082 C... View the full answer