20X Jan. 1 Bill Evans started Evans Distributors with an investment of $55, 000. He also invested personal business equipment worth $7,500. Purchased merchandise for cash, $11,500, Check 100. Sold merchandise on account to Rivera Corporation, $850, terms 2/10, n/30, Invoice 1001. Purchased merchandise on account from Tsang Company, $2,000, terms 1/10, n/30, Invoice 1125. Received and paid freight charges related to January 4 purchase of merchandise from Tsang Company, $150, Check 101. 10 Rivera Corporation returned merchandise purchased on January 3; issued credit memo #101 for $150. 11 Received payment in full from Rivera Corporation, after the return of January 10 and after the discount. 13 Paid amount due to Tsang Company for purchase of January 4, Check 102. Recorded cash sales for the two-week period ended January 15 of $7,250. 15 Recorded sales on credit cards for the two-week period ended January 15, $1, 200; the bank charges a 3 percent fee on all credit card sales. 2 4 5 15 15 Paid wages, $1,875, Check 103. Purchased equipment (not for resale), $1,950, Check 104. Paid freight for delivery of equipment purchased on January 16, $150, Check 105. Purchased merchandise on account from Terri Manufacturing with a list price of $5,500, subject to a trade discount of 40 percent, terms 1/10, n/30, Invoice 2078. 20 Sold merchandise on account to Moloney Corp., $2,900, terms 1/10, n/30, Invoice 1002. 21 Purchased merchandise on account from Johnson Company, $2,000, terms 1/10, n/30, Invoice 3204; freight prepaid by Johnson Company and added to invoice, $70. (Total invoice amount, $2,070.) 27 Paid amount owed to Terri Manufacturing for purchase of January 18, Check 106. 28 Purchased merchandise from Fronke Sports Fabricators with a list price of $2,800, subject to trade discounts of 25 percent and 10 percent, terms n/30, Invoice 1888. 29 Received amount due from Moloney Corp. for the sale of January 20. 30 Paid amount due to Johnson Company for purchase of January 21, Check 107. Recorded cash sales for the period from January 16-31, $7,825. Recorded sales on the credit cards for the period from January 16-31, $2, 200; the bank charges a 3 percent fee on ali credit card sales. 16 17 18 31 31 Required: Record the transactions in a general journal.

Jan 1 -  Mr. Suelan invested the following:   Bank Deposit with BDO - 850,000.00 Merchandise with net realizable value - 250,000.00 Transportation Equipment with a fair market value of 1,800, 000.00   Jan 2 - Purchased merchandise in cash from Tuyor  trading costing 150, 000.00 and paid freight and handling, 2,500.00   Jan 3 - Returned 3,000.00 cost of merchandise of Rowena Tuyor Trading due to some defects and no replacements have been made.   Jan 5 - Sold merchandise for cash 120, 000.00 to Mr. G and gave 3% trade discount and paid freight on shipment, 3,500.00   Jan 7 - Purchase merchandise on account from Mr. S amounting to 50,000.00 Term 3/10, n/30.   Jan 8 - Sold merchandise on account to Mr. F 185, 000.00Term 2/10, n/30. Paid freight on shipment 1,200.00   Jan 9 - Purchased merchandise on account from Mr. E costing 230,000.00 term 2/10 com   Jan 10 - Received 4,000.00 worth of merchandise from Mr. F for not conforming with the order and was not replaced.   Jan 12 - Paid the…

May 1 Started in business with £18,000 in the bank. may 2 Bought goods on credit from B Hind £1,455. may 3 Bought goods on credit from G Smart £472. may 5 Sold goods for cash £210. may 6 We returned goods to B Hind £82. may 8 Bought goods on credit from G Smart £370. may 10 Sold goods on credit to P Syme £483. may  12 Sold goods for cash £305. == 18 Took £250 of the cash and paid it into the bank. == 21 Bought a printer by cheque £620. == 22 Sold goods on credit to H Buchan £394. == 23 P Syme returned goods to us £160. == 25 H Buchan returned goods to us £18. == 28 We returned goods to G Smart £47. == 29 We paid Hind by cheque £1,373. == 31 Bought machinery on credit from A Cobb £419.

Jan. 3 Feb. 10 13 Mar. 12 14 Apr. 3 May 11 13 July 12 Aug. 1 Oct. 5 15 Loaned $18,000 cash to Trina Gelhaus, receiving a 90-day, 8% note. Sold merchandise on account to Bradford & Co., $24,000. The cost of goods sold was $14,400. Sold merchandise on account to Dry Creek Co., $60,000. The cost of goods sold was $54,000. Accepted a 60-day, 7% note for $24,000 from Bradford & Co. on account. Accepted a 60-day, 9% note for $60,000 from Dry Creek Co. on account. Received the interest due from Trina Gelhaus and a new 120-day, 9% note as a renewal of the loan of January 3. (Record both the debit and the credit to the notes receivable account.) Received from Bradford & Co. the amount due on the note of March 12. Dry Creek Co. dishonored its note dated March 14. Received from Dry Creek Co. the amount owed on the dishonored note, plus interest for 60 days at 12% computed on the maturity value of the note. Received from Trina Gelhaus the amount due on her note of April 3. Sold merchandise on…