Helpful Notes:

$1.$ You are interviewing for a part$-$time groomer making $$17$ an hour, estimated working $10$ hours a week.

$2.$ Collie felt that the business could grow more by adding a mobile grooming Van, She was able to purchase a fully equipped van for $$20,000.$ the previous owner financed the van. She put $$2500$ down and financed the rest for $12$ months.The Notes payable, all interest and principle due $4/30$ Rate: $9\mathrm{.}0\%$

$3.$ Sales are recorded weekly. Assume that $50$ of sales are cash sales and $50\%$ charged on credit card. Record the $3\%$ fee with recording the income. The Credit Card company takes its fee and remits the remaining cash the next business day.

$4.$ Detail for Visa Bill:

Gas Receipts for Van $325$

Flowers for Client $($baby$)75$

Training for Goat and Pig Grooming $3,250$

Lunch for staff $82$

Grooming supplies $875$

Total $4,6075.$

Petty Cash Actitivty

$1-$Mar Pizza for staff $39$

$5-$Mar Ad $25$

$6-$Mar Clipper blades $31$

over and short $5$

Petty cash $=100$

The Barking Lot Balance Sheet $2/28/2$Assets: Cash $10,800$;Petty Cash $100$; Accounts Receivable $10,540$; Prepaid Insurance $425$; Prepaid Services $0$; Grooming Equipment $25,000$; Office Equipment $5,000$; Grooming Van $20,000$; Total Assets $74,865$ Liabilities: Accounts Payable $5,125$; Note Payable $17,500$; Interest Payable $1,443\mathrm{.}75$; Unearned Income $0$; Taxes Payable $4,000$; Total Liabilities $28,068\mathrm{.}75$

Equity $46,796\mathrm{.}25$

Total Liabilities and Owners Equity $74,865$

Sub Ledgers: Accounts Payable Accounts Payable Sub ledger $3/1$Muttropolitan Kennels $2350$: Fur Seasons Animal Hopsita $5240$; Pawsitive Kennels $2950$; Total $10540$Accounts Payable Sub Ledger Accounts Payable Sub Ledger $3/1$Chewy $21751-$Mar

Acme $97530-$Mar

Boss $197515-$Feb

Total $5125$

Ref #use the reference number not the date to complete Pt $1$ Journal Entries$1.3-$Mar Paid rent of $$3000$

$2.2-$MarYou find a great candidate for the Tech position who wants to work part time. You hire Dane who will start on Monday working $10$ hours a week at $$17$ a hour.

$3.3-$Mar Purchased new vacuum system for $$3500$ on account at Grizzlys on account.

$4.3-$Mar Paid invoice to Chewys $($review sub$-$ledger above$)$

$5.7-$Mar Recorded income from week's grooming services $5850$

$6.9-$Mar Paid monthly subscription for weekly ad in Fitchburg Times Magazine for $$1000$

$7.10-$Mar Reimbursed petty cash, see notes above. $($Dr expenses, Cr Cash$)$

$811-$Mar Paid Utility bill $$625$

$912-$Mar

Jack Russell from Purina Pet Supplies called demanding immediate payment of the outstanding invoice of $$1575.$ They state the invoice is past due and must be paid today.

$1014-$Mar Recorded income from week's grooming services $$6300$

$1114-$Mar Paid Visa Bill $($see detail above$)$

$1214-$Mar Paid subscription for the year $$600$ for the Sales and Accounting software renews April $1$

$1315-$Mar Mrs$.$ Shepherd called to say she was unhappy with the grooming services and wants a full refund $($$$125).$ She frequently complains and is not specific about the problem. She was refunded back in February and November.

$1415-$Mar Paid wages to staff of $$3000$

$1519-$Mar paid Fetch Plumbing services $$400$ to fix the plumbing in the shop

$1621-$Mar Recorded income from week's grooming services $$5275$

$1724-$Mar Mrs$.$ Chow forgot her purse and promises to drop a check off on the $1$st$.$ Her goat and $2$ potbelly pigs were just groomed. $($$$375).$ This is her $3$rd visit this year, she paid on time previously. She is also the president of the local Potbelly Association. This transaction was not included in the weekly sales summary transaction.

$1827-$Mar Mrs$.$ Pointer wants to pay for annually to get KiKi groomed monthly. She provided a check for $$770.$ You gave her one month free for paying for a year.

$1929-$Mar Paid invoice to Chewys$2030-$Mar Colie took a draw of $$1550$

$2131-$Mar Recorded interest due on loan for the month

$2231-$Mar Used supplies for the month $$1930$

$2331-$Mar Expensed expired insurance for March, policy renews April $1$

$2431-$Mar Recorded income from week's grooming services $$6250$

$2531-$Mar Accrued income taxes for the month $(15\%$ of sales$)$

$2631-$Mar Paid wages to staff of $$3000$Accounts: Cash, Petty Cash, Accounts Receivable, Supplies, Grooming Equipment, Office Equipment, Grooming Van, Prepaid Services, Prepaid Insurance, Accounts Payable, Notes Payable, Taxes Payable, Interest Payable, Unearned income, Capital, Draw, Service revenue$/$Sales$,$ Rent Expense, Utility Expense, Wages and Salary Expense, Employee Expense, Marketing Expense, Supply Expense, income tax expense, oil and gas expense, Training Expense, Insurance Expense, Interest Expense, Repair and Maintenance, Bank and Credit Card fee, Over and Short

Use this information and create a journal entries chart$/$table for the month of March using each transaction. Check figure before transactions $9,13,19$ should be $54,471$