Transaction $($Journal EntryNumber$)$DecemberDescription$13$Received a check in the amount of $$23,569$ from Swanson Brothers Construction in full payment of invoice dated November $26$ in the amount of $$24,050\mathrm{.}23$Sold sewer and drainage pipe to Beverly's Building Products on account, invoice No $1201$ for $$13,150\mathrm{.}33$Purchased copper tubing and fittings from Edward's Plumbing Supplies Inc. on account, for $$24,320,$ terms n$/60\mathrm{.}44$Issued check No$.1580$ for $$26,400$ to Oxenford Copperworks in settlement of the full balance owed$\mathrm{.}54$A court notice indicates that Iwanaga Plumbing and Heating is bankrupt and payment of its account improbable; the president orders the account balance to be written off as a bad debt$\mathrm{.}64$Sold bathroom fixtures to Bilder Construction Company on account, invoice No$.1202$ dated December $4$ for $$44,900\mathrm{.}74$Received a check in the amount of $$49,294$ from The Potts Company in full payment of invoice No$.1128$ dated November $27$ for $$50,300\mathrm{.}85$Sold plumbing supplies and plastic pipe to Coconino Contractors, Inc. on account, invoice No$.1203$ dated December $5$ for $$10,300\mathrm{.}96$Issued check No$.1581$ for $$910$ to Standard Oil Co$,$ in payment of gas, oil and repairs for delivery trucks. Blue Ridge treats all truck related costs as delivery expense$\mathrm{.}106$Issued check No$.1582$ for $$9,800$ to Khatan Steel Corp. in full settlement of November $30$ invoice $($terms $2/10,$ n$/30)\mathrm{.}116$Issued check No$.1583$ for $$10,486$ to Phoenix Plastics in full payment of Phoenix's invoice No$.1130$ dated November $28$ in the amount of $$10,700($terms $2/10,$ n$/30)\mathrm{.}127$Received a check in the amount of $$72,863$ from Rankin Plumbing Corp. in full payment of invoice No$.1135$ dated November $28$ for $$74,350\mathrm{.}137$Sold cast pipe to Trudy's Plumbing on account for $$20,800$ on invoice No $1204\mathrm{.}147$Received a check in the amount of $$27,800$ from Coconino Contractors, Inc. in full payment of invoice dated October $20\mathrm{.}157$Purchased bathroom fixtures from Phoenix Plastics, on account for $$52,700$ terms $1/10,$ n$/30\mathrm{.}1610$Received a check in the amount of $$29,000$ from Boecker Builders in partial payment of outstanding October invoices$\mathrm{.}1710$Issued check No$.1584$ for $$6,750$ to Phoenix Plastics, in payment of Phoenix's invoice dated November $12$ in the amount of $$6,750\mathrm{.}1810$Issued check No$.1585$ for $$600$ to Scooter Gordon for lettering and sign painting on some delivery trucks. Blue Ridge treats all truck related costs as delivery expense$\mathrm{.}1911$Issued check No$.1586$ for $$37,719$ to Smith Pipe Company in full payment of their invoice dated November $28,$ terms $1/15,$ n$/60\mathrm{.}2011$Received payment of $$15,100$ from Trudy's Plumbing in full settlement of November $7$ invoice$2111$Sold pipe, fixtures, and accessories to Trudys Plumbing on account, invoice No $1205$ for $$30,350\mathrm{.}2211$The payroll summary for the biweekly pay period ended Friday, December $10$ contained the following information $($for simplification purposes, payroll tax expenses have been included in the amounts$)$: Office and Administrative Salaries $-$ $ $34,192$ Sales Salaries and Commissions $-7,210$ Delivery and Warehouse Wages $-4,101$ Total Wages Paid $ $45,503$Payroll funding was made on December $11$ from the Cash $(101)$ Account with check No$.15872312$Sold plumbing supplies and copper tubing to The Potts Company on account, invoice No$.1206$ for $$31,450\mathrm{.}2412$Received a check in the amount of $$33,920$ from Boecker Builders in full payment of their open A$/$R balance$2512$Performed installation of plumbing equipment for The Potts Company and received a check for $$16,322$ for the completed work$\mathrm{.}2612$Received a check in the amount of $$20,384$ from Trudy's Plumbing in payment of their December $7$ invoice $($No$.1204)\mathrm{.}2712$Sold plumbing fixtures and supplies to Boecker Builders, on account, invoice No$.1207$ for $$19,730\mathrm{.}2813$The Potts Company returned defective copper tubing that it purchased on December $12.$ A credit memo in the amount of $$4,680$ was issued against that transaction. The copper tubing had a cost of $$3,744.$ Blue Ridges inventory policy on defective goods is that they be returned to inventory before they can be returned to a Blue Ridge supply vendor$\mathrm{.}2913$The defective copper tubing from Transaction $28$ is returned to Edward's Plumbing Supplies, Inc. along with a debit memo in the amount of $$3,744$ against future purchases with Edward's Plumbing Supplies. $3013$Issued check No$.1588$ for $$499$ in payment of November telephone bill to Comcast. Telephone invoices are charged against Office Expenses$3114$Issued check No$.1589$ for $$52,173$ to Phoenix Plastics, Inc. as payment in full for the December $7$ bathroom fixture purchase$\mathrm{.}3216$The president informs you that Bilder Construction Company agrees to convert the $$45,200$ overdue account receivable $($invoice No$.1120)$ to a $12\%$ note due six months from today$\mathrm{.}3317$Purchased plumbing materials from Smith Pipe Company on account, for $$45,800$ terms $1/15,$ n$/60$ FOB Shipping Point$\mathrm{.}3418$Sold drain tile, plastic pipe, and copper tubing to A & B Hardware on account, invoice No$.1208$ for $$7,920\mathrm{.}3519$Sold fixtures and materials to Coconino Contractors, Inc. on account, invoice No$.1209$ for $$42,780$ invoice dated December $19\mathrm{.}3619$Check $1590$ for $$1,021$ was issued and paid to S$.$ White Trucking Company for freight on December $17$ purchase from Smith Pipe Company$3720$Received a check in the amount of $$29,743$ from Trudy's Plumbing in payment of December $11$ invoice$\mathrm{.}3821$Purchased office supplies with Check No$.1591$ for $$1,360.$ Office supply purchases are charged to the Office Supplies asset account and adjusted for usage as period$-$end$\mathrm{.}3921$Purchased bathroom and kitchen fixtures from Phoenix Plastics on account for $$48,330,$ terns $1/10,$ n$/30,$ FOB Shipping Point$4024$The payroll summary for the biweekly pay period ended Friday, December $24$ contained the following information $($for simplification purposes, payroll tax expenses have been included in the amounts$)$: Office and Administrative Salaries $-$ $ $36,402$ Sales Salaries and Commissions $-7,130$ Delivery and Warehouse Wages $-3,911$ Total Wages Paid $ $47,443$Payroll funding was made on December $24$ from the Cash $(101)$ Account with Check No$.1592\mathrm{.}4124$Received an invoice from DeKalb Transport for $$2,300$ for freight costs $($on Blue Ridge sales shipments$)$ incurred during the past $30$ days, terms n$/30.$ Freight costs are charged to delivery expense when incurred$\mathrm{.}4226$Beverly's Building Products agrees to convert a portion of their $$14,000$ overdue accounts receivable balance to a $14\%6-$month note$\mathrm{.}4327$A half$-$acre parcel of land adjacent to the building is acquired in exchange for $600$ shares of common stock. The land has a fair value of $$54,000$ and will be used as a parking lot$\mathrm{.}4427$An invoice for $$2,650$ is received from Wayne McManus, attorney, for legal services involved in the acquisition of the adjacent parcel of land. Check # $1593$ is issued in payment$\mathrm{.}4527$Sold pipe and plumbing materials to Boecker Builders on account, invoice No$.1210$ for $$42,0404627$Issued check # $1594$ for $$500$ to the Blue Ridge Daily News for advertisements run in December newspapers$\mathrm{.}4727$Issued check # $1595$ for $$925$ to Standard Oil Co$,$ in payment of gas, oil and repairs for delivery trucks$\mathrm{.}4828$Purchased copper and cast$-$iron pipe from Oxenford Copperworks on account for $$58,940,$ terms $1/10,$ n$/304928$Received a check for $$19,730$ from Boecker Builders in payment of December $12$ invoice $($No$.1207)\mathrm{.}5028$Sold plumbing supplies to Swanson Brothers Construction on account, invoice No$.1211$ for $$22,650\mathrm{.}5128$Issued check # $1596$ for $$45,342$ to Smith Pipe Company in payment of December $17$ invoice$\mathrm{.}5231$Reimbursed general office expenditures of $$52$ to Donna Pell, office manager with check No$.1597\mathrm{.}5331$Sold an electric truck lift to Stierman Co$.$ for $$2,500$ cash. The original cost was $$7,900$ with a ten$-$year life with a salvage value of $$900.$ Accumulated depreciation recorded through $12/31/21$ of $$4,550.$ Blue Ridge utilizes the straight$-$line method for truck$-$lift assets$\mathrm{.}5431$Sold bathroom fixtures and plumbing supplies to Trudy's Plumbing on account, invoice No$.1212,$ for $$55,7705531$Received payment of $$18,960($by check$)$ for completed installation services provided to Boecker Builders$\mathrm{.}5631$Purchased $$3,000$ of office supplies from Business Basics, Inc. on account.