EXAM $2($PART $2)$

EXERCISE $($All exercise would be saved in one record$)$

Journalize the following transactions for the month of February $1$ :

a$.$ Sold merchandise on account for $$10,000($other income, other receivable,$)$; Cost of Goods Sold $$3,000($Inventory$,$ Cost of Sale$)$

b$.$ Received the utilities bill for $$250\mathrm{.}00($accrued expense, utilities expense$)$

c$.$ Salaries for the week are $$3,300($salaries expense, wages payable$)$

d$.$ Received an invoice of $$100$ for advertising.

Create a new customer $($use your own information$),$ Term $3\%,\frac{n}{15},$ credit limit $$1,000.$ Prepare the Customer List Report only for your account, include a column for term conditions and credit limits$.($February $5)$

Prepare a sales order $(15$ units of any product$).$ In the Sales Order Register include a column with the name of the vendor. $($February $7)$

The invoice from the sales order above was delivered completely $($February $9)$