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Jan.
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4
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The company paid cash to Lyn Addie for five days' work at the rate of $175 per day. Four of the five days relate to wages payable that were accrued in the prior year.
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5
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Adria Lopez invested an additional $23,300 cash in the company.
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7
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The company purchased $6,700 of merchandise from Kansas Corp. with terms of 1/10, n/30, FOB shipping point, invoice dated January 7.
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9
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The company received $2,848 cash from Gomez Co. as full payment on its account.
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11
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The company completed a five-day project for Alex's Engineering Co. and billed it $5,340, which is the total price of $6,810 less the advance payment of $1,470.
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13
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The company sold merchandise with a retail value of $4,900 and a cost of $3,560 to Liu Corp., invoice dated January 13.
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15
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The company paid $660 cash for freight charges on the merchandise purchased on January 7.
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16
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The company received $4,030 cash from Delta Co. for computer services provided.
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17
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The company paid Kansas Corp. for the invoice dated January 7, net of the discount.
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20
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Liu Corp. returned $400 of defective merchandise from its invoice dated January 13. The returned merchandise, which had a $310 cost, is discarded. (The policy of Success Systems is to leave the cost of defective products in cost of goods sold.)
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22
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The company received the balance due from Liu Corp., net of both the discount and the credit for the returned merchandise.
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24
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The company returned defective merchandise to Kansas Corp. and accepted a credit against future purchases. The defective merchandise invoice cost, net of the discount, was $496.
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26
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The company purchased $9,500 of merchandise from Kansas Corp. with terms of 1/10, n/30, FOB destination, invoice dated January 26.
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26
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The company sold merchandise with a $4,500 cost for $5,990 on credit to KC, Inc., invoice dated January 26.
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29
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The company received a $496 credit memorandum from Kansas Corp. concerning the merchandise returned on January 24.
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31
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The company paid cash to Lyn Addie for 10 days' work at $175 per day.
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Feb.
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1
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The company paid $2,745 cash to Hillside Mall for another three months' rent in advance.
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3
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The company paid Kansas Corp. for the balance due, net of the cash discount, less the $496 amount in the credit memorandum.
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5
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The company paid $580 cash to the local newspaper for an advertising insert in today's paper.
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11
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The company received the balance due from Alex's Engineering Co. for fees billed on January 11.
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15
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Adria Lopez withdrew $4,710 cash from the company for personal use.
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23
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The company sold merchandise with a $2,640 cost for $3,230 on credit to Delta Co., invoice dated February 23.
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26
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The company paid cash to Lyn Addie for eight days' work at $175 per day.
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27
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The company reimbursed Adria Lopez for business automobile mileage (300 miles at $0.15 per mile).
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Mar.
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8
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The company purchased $2,820 of computer supplies from Harris Office Products on credit, invoice dated March 8.
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9
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The company received the balance due from Delta Co. for merchandise sold on February 23.
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11
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The company paid $890 cash for minor repairs to the company's computer.
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16
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The company received $5,400 cash from Dream, Inc., for computing services provided.
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19
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The company paid the full amount due to Harris Office Products, consisting of amounts created on December 15 (of $1,120) and March 8.
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24
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The company billed Easy Leasing for $9,167 of computing services provided.
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25
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The company sold merchandise with a $2,152 cost for $2,880 on credit to Wildcat Services, invoice dated March 25.
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30
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The company sold merchandise with a $1,238 cost for $2,370 on credit to IFM Company, invoice dated March 30.
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31
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The company reimbursed Adria Lopez for business automobile mileage (600 miles at $0.15 per mile).
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