{"id":47902,"date":"2022-04-02T09:04:19","date_gmt":"2022-04-02T09:04:19","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/adria-lopez_journal-to-financial-statements\/"},"modified":"2022-04-02T09:04:19","modified_gmt":"2022-04-02T09:04:19","slug":"adria-lopez_journal-to-financial-statements","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/adria-lopez_journal-to-financial-statements\/","title":{"rendered":"Adria lopez_journal to financial statements"},"content":{"rendered":"
\n\n\n

Jan.<\/span><\/p>\n<\/td>\n\n

4<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company paid cash to Lyn Addie for five days\u2019 work at the rate of $175 per day. Four of the five days relate to wages payable that were accrued in the prior year.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

5<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

Adria Lopez invested an additional $23,100 cash in the company in exchange for more common stock.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

7<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company purchased $7,200 of merchandise from Kansas Corp. with terms of 1\/10, n\/30, FOB shipping point, invoice dated January 7.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

9<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company received $2,748 cash from Gomez Co. as full payment on its account.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

11<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company completed a five-day project for Alex\u2019s Engineering Co. and billed it $5,470, which is the total price of $6,850 less the advance payment of $1,380.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

13<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company sold merchandise with a retail value of $4,000 and a cost of $3,480 to Liu Corp., invoice dated January 13.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

15<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company paid $640 cash for freight charges on the merchandise purchased on January 7.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

16<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company received $4,060 cash from Delta Co. for computer services provided.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

17<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company paid Kansas Corp. for the invoice dated January 7, net of the discount.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

20<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

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.)<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

22<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company received the balance due from Liu Corp., net of both the discount and the credit for the returned merchandise.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

24<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

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.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

26<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company purchased $9,900 of merchandise from Kansas Corp. with terms of 1\/10, n\/30, FOB destination, invoice dated January 26.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

26<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company sold merchandise with a $4,550 cost for $5,900 on credit to KC, Inc., invoice dated January 26.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

29<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company received a $486 credit memorandum from Kansas Corp. concerning the merchandise returned on January 24.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

31<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company paid cash to Lyn Addie for 10 days\u2019 work at $175 per day.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\n

Feb.<\/span><\/p>\n<\/td>\n\n

1<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company paid $2,745 cash to Hillside Mall for another three months\u2019 rent in advance.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

3<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company paid Kansas Corp. for the balance due, net of the cash discount, less the $486 amount in the credit memorandum.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

5<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company paid $580 cash to the local newspaper for an advertising insert in today\u2019s paper.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

11<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company received the balance due from Alex\u2019s Engineering Co. for fees billed on January 11.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

15<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company paid $4,630 cash for dividends.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

23<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company sold merchandise with a $2,480 cost for $3,340 on credit to Delta Co., invoice dated February 23.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

26<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company paid cash to Lyn Addie for eight days\u2019 work at $175 per day.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

27<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company reimbursed Adria Lopez for business automobile mileage (800 miles at $0.21 per mile).<\/span><\/p>\n<\/td>\n<\/tr>\n\n\n

Mar.<\/span><\/p>\n<\/td>\n\n

8<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company purchased $2,880 of computer supplies from Harris Office Products on credit, invoice dated March 8.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

9<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company received the balance due from Delta Co. for merchandise sold on February 23.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

11<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company paid $910 cash for minor repairs to the company\u2019s computer.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

16<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company received $5,370 cash from Dream, Inc., for computing services provided.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

19<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company paid the full amount due to Harris Office Products, consisting of amounts created on December 15 (of $1,210) and March 8.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

24<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company billed Easy Leasing for $9,227 of computing services provided.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

25<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company sold merchandise with a $2,102 cost for $2,830 on credit to Wildcat Services, invoice dated March 25.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

30<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company sold merchandise with a $1,158 cost for $2,400 on credit to IFM Company, invoice dated March 30.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

31<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

The company reimbursed Adria Lopez for business automobile mileage (300 miles at $0.21 per mile).<\/span><\/p>\n<\/td>\n<\/tr>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Jan. 4 \u00a0 The company paid cash to Lyn Addie for five days\u2019 work at the rate of $175 per day. Four of the five days relate to wages payable that were accrued in the prior year. \u00a0 5 \u00a0 Adria Lopez invested an additional $23,100 cash in the company in exchange for more common […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-47902","post","type-post","status-publish","format-standard","hentry","category-education"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/47902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=47902"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/47902\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=47902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=47902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=47902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}