in the second month following the pu end of 2017 and the beginning of 201 Dream Big Pillow Co. purchase data er 2017 January 2018 Februar $30,395 136 $34, le in February. Round to the nearest

\table[[,Balance, March 31],[Month of Sale,2025,2024],[March (current),$65,200,$75,900

EA11. LO 7.3 Dream Big Pillow Co. pays 65% of its purchases in the month of purchase, 30% the month after the purchase, and 5% in the second month following the purchase. It made the following purchases at the end of 2017 and the beginning of 2018: Nov. 2017 Dec. 2017 Jan. 2018 Feb. 2018 Mar. 2018 $60,000 $50,000 $35,000 $40,000 $45,000 Prepare a Payment schedule for Quarter 1

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Record general journal entries for balance day adjustments  Notes -  Australian Based Question  periodic inventory system * 10% GST is included in the amount Subscription fee - for monthly newsletter Financial Year = starts on 1 July and ends the next year on 30 June (example 1 July 2019 - 30 June 2020)   Trial Balance (Before Balance Day Adjustments) - As at 30 June 2020 Account Title Debit $ Credit $ Cash 27,736   Accounts Receivable 35,650   Provision for Doubtful Debts   950 Inventory 10,500   Purchases 386,000   Sales Revenue   575,000 Investments 120,000   Interest Expense 1,200   Interest Revenue   2,500 Loan   20,000 Subscriptions Revenue   2,000 Insurance Expense 7,500   Wages 65,666   Advertising Expense 5,800   Water 7,500   Equipment 40,000   Accumulated Depreciation – Office Equipment   4,600 Accounts Payable   5,552 GST Collected   40,000 GST Paid 15,500   Capital 1/7/19   95,000 Rates 3,600   Drawings 12,000…