Reference no: EM13767779
You are the controller at Star Wars, Inc. you must Create Journal Entries for the following transactions:
1. On Dec 7, Star Wars Inc. received ac check in the amount of $49,294 from C3PO Co. in full payment of a sales invoice dated Nov. 27 for $50,300.
2. On Dec 10, Star Wars, Inc. received payment of $72,863 from Jabba's Huts, Inc. in full payment of an invoice dated Nov. 30 for $74,350
3. On Dec 11, Star Wars Inc. received payment of $22000 from C3PO Co, in full payment for an invoice dated Nov. 14th. No discount applies.
4.On Dec 12, Star Wars Inc. sold 165 units to R2D2 Computers on crecdit for $815 each.
5. On Dec 12, Star Wars Inc. Paid $75250 to Ewok Inc. for an invoice dated Nov. 28.
6. On Dec 17, Star Wars Inc. finds out that Yoda, Inc. agrees to convert its overdue $20,000 A/R balance into a 12% note due in 10 months.
7. On Dec 18, Star Wars Inc. purchased a new supercomputer from Palpatine Computing Co. for $38,000. A down payment of $5,000 was paid immediately, the remainder is owed within 45 days (n/45). Use the equipment account.
8. On Dec 20, Star Wars Inc. paid federal withholding taxes of $13,521 and FICA wihholdings of $3,805 to the US Treasury Department. These amounts were previously recorded as liabilities. THe amounts were paid with one check.
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: On Dec 7, Star Wars Inc. received ac check in the amount of $49,294 from C3PO Co. in full payment of a sales invoice dated Nov. 27 for $50,300. On Dec 10, Star Wars, Inc. received payment of $72,863 from Jabba's Huts, Inc. in full payment of an invoi..
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