| Jan. |
4 |
|
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.
|
|
5 |
|
Adria Lopez invested an additional $23,100 cash in the company in exchange for more common stock. |
|
7 |
|
The company purchased $7,200 of merchandise from Kansas Corp. with terms of 1/10, n/30, FOB shipping point, invoice dated January 7.
|
|
9 |
|
The company received $2,748 cash from Gomez Co. as full payment on its account. |
|
11 |
|
The company completed a five-day project for Alex's Engineering Co. and billed it $5,470, which is the total price of $6,850 less the advance payment of $1,380.
|
|
13 |
|
The company sold merchandise with a retail value of $4,000 and a cost of $3,480 to Liu Corp., invoice dated January 13.
|
|
15 |
|
The company paid $640 cash for freight charges on the merchandise purchased on January 7.
|
|
16 |
|
The company received $4,060 cash from Delta Co. for computer services provided. |
|
17 |
|
The company paid Kansas Corp. for the invoice dated January 7, net of the discount.
|
|
20 |
|
Liu Corp. returned $700 of defective merchandise from its invoice dated January 13. The returned merchandise, which had a $270 cost, is discarded. (The policy of Success Systems is to leave the cost of defective products in cost of goods sold.)
|
|
22 |
|
The company received the balance due from Liu Corp., net of both the discount and the credit for the returned merchandise.
|
|
24 |
|
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 $486.
|
|
26 |
|
The company purchased $9,900 of merchandise from Kansas Corp. with terms of 1/10, n/30, FOB destination, invoice dated January 26.
|
|
26 |
|
The company sold merchandise with a $4,550 cost for $5,900 on credit to KC, Inc., invoice dated January 26.
|
|
29 |
|
The company received a $486 credit memorandum from Kansas Corp. concerning the merchandise returned on January 24.
|
|
31 |
|
The company paid cash to Lyn Addie for 10 days' work at $175 per day. |
| Feb. |
1 |
|
The company paid $2,745 cash to Hillside Mall for another three months' rent in advance.
|
|
3 |
|
The company paid Kansas Corp. for the balance due, net of the cash discount, less the $486 amount in the credit memorandum.
|
|
5 |
|
The company paid $580 cash to the local newspaper for an advertising insert in today's paper.
|
|
11 |
|
The company received the balance due from Alex's Engineering Co. for fees billed on January 11. |
|
15 |
|
The company paid $4,630 cash for dividends. |
|
23 |
|
The company sold merchandise with a $2,480 cost for $3,340 on credit to Delta Co., invoice dated February 23.
|
|
26 |
|
The company paid cash to Lyn Addie for eight days' work at $175 per day. |
|
27 |
|
The company reimbursed Adria Lopez for business automobile mileage (800 miles at $0.21 per mile).
|
| Mar. |
8 |
|
The company purchased $2,880 of computer supplies from Harris Office Products on credit, invoice dated March 8.
|
|
9 |
|
The company received the balance due from Delta Co. for merchandise sold on February 23.
|
|
11 |
|
The company paid $910 cash for minor repairs to the company's computer. |
|
16 |
|
The company received $5,370 cash from Dream, Inc., for computing services provided. |
|
19 |
|
The company paid the full amount due to Harris Office Products, consisting of amounts created on December 15 (of $1,210) and March 8.
|
|
24 |
|
The company billed Easy Leasing for $9,227 of computing services provided. |
|
25 |
|
The company sold merchandise with a $2,102 cost for $2,830 on credit to Wildcat Services, invoice dated March 25.
|
|
30 |
|
The company sold merchandise with a $1,158 cost for $2,400 on credit to IFM Company, invoice dated March 30.
|
|
31 |
|
The company reimbursed Adria Lopez for business automobile mileage (300 miles at $0.21 per mile).
|