Business, 04.11.2020 14:00 dontcareanyonemo

During the month of October 20--, The Pink Petal flower shop engaged in the following transactions: Oct. 1 Sold merchandise on account to Elizabeth Shoemaker, $1,000, plus tax of $50. Sale No. 222. 2 Issued Check No. 190 to Jill Hand in payment of October 1 balance of $500, less 2% discount. 2 Purchased merchandise on account from Flower Wholesalers, $4,000. Invoice No. 500, dated October 2, terms 2/10, n/30. 4 Purchased merchandise on account from Seidl Enterprises, $700. Invoice No. 527, dated October 4, terms 2/15, n/30. 5 Issued Check No. 191 in payment of phone expense for the month of September, $150. 7 Sold merchandise for cash, $3,500, plus tax of $175. 9 Received payment from Leigh Summers in full settlement of account, $2,000. 11 Issued Check No. 192 to Flower Wholesalers in payment of October 1 balance of $1,500. 12 Sold merchandise on account to Leigh Summers, $2,000, plus tax of $100. Sale No. 223. 12 Received payment from Meg Johnson on account, $3,100. 13 Issued Check No. 193 to Seidl Enterprises in payment of October 4 purchase. Invoice No. 527, less 2% discount. 14 Meg Johnson returned merchandise for a credit, $300, plus sales tax of $15. 17 Returned merchandise to Vases Etc. for credit, $900. 24 Received payment from David’s Decorating on account, $2,135. 27 Sold merchandise on account to David’s Decorating, $3,000, plus tax of $150. Sale No. 224. 29 Issued Check No. 194 in payment of wages (Wages Expense) for the four-week period ending October 30, $900. Selected account balances as of October 1 were as follows: Account Account No. Debit Credit Cash 101 $18,225 Accounts Receivable 122 9,619 Accounts Payable 202 $5,120 The Pink Petal also had the following subsidiary ledger balances as of October 1: Accounts Receivable: Customer Accounts Receivable Balance David’s Decorating 12 Jude Lane Hartford, CT 06117 $3,340 Elizabeth Shoemaker 52 Juniper Road Hartford, CT 06118 279 Meg Johnson 700 Hobbes Dr. Avon, CT 06108 4,000 Leigh Summers 5200 Hamilton Ave. Hartford, CT 06111 2,000 Accounts Payable

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During the month of October 20--, The Pink Petal flower shop engaged in the following transactions:...

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