QUESTION#$1\backslash$table$[[$Date$,,,,$Sold $1,000$ pairs of socks to a Wholesaler on$],[1/1,,,,$account.$]]$

BROAD COLLEGE of BUSINESS

Homework #$3$

ACC $201|$ Fall $2024$

Sold $400$ pairs of socks to an Online Customer on account.

Received payment in full from Wholesaler.

$\backslash$table$[[$Date$,,,],[1/10,,,]]$

Sold $700$ pairs of socks to a Retailer on account.

$\backslash$table$[[$Date$,,,],[1/12,,,]]$

Online Customer returned $100$ pairs of socks in new condition with tags. Homework #$3$

ACC $201|$ Fall $2024$

QUESTION #$2$

Using the journal entries you made in Question #$1,$ post the entries to the related T$-$Accounts within the general

ledger provided below. Use the columns on the left and right side of the T$-$Account to reference the date of the

transaction.

Remember: Use the power of Excel to reference the account names & amounts from Question #$1,$ as well as to

calculate totals. Copying$/$pasting or typing directly into the cells will not earn full credit!

BROAD COLLEGE of BUSINESS

Homework #$3$

QUESTION #$1$ REFERENCES

The information provided below has been referenced from Question #$1$ to improve

the efficiency of completing Question #$2.$ The below cells are not to be edited! If

you notice a mistake, make the change on the Question #$1$ tab and it will

automatically update below.

Sales information related to Knox Sorks is as fo$$llows$.$

During the month of January, Knox Socks had the following transactions occur:

Complete the transactions by date in the space provided on the following page. Ignore any cost of goods sold or inventory entries related to

these transactions; record only the transactions that affect sales revenue, cash and accounts receviable, including any related contra$-$

revenue accounts.

Remember: Use the power of Excel to calculate totals within transactions. Copying$/$pasting or typing directly into the cells will not earn full