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Shutterbug Cameras, a retail merchandising store, had the following purchases transactions in March. In your working papers, record the transactions on page 31 of the general journal.

DateTransactionsMar. 3Purchased $4,500 in merchandise on account from Photo Emporium, Invoice 1221, terms 2/10,n/30.5Bought $750 in supplies on account from State Street Office Supply, Invoice 873, terms n/30.9Returned $225 in merchandise to Photo Emporium, issued Debit Memorandum 72.10Purchased $3,600 in merchandise on account from Video Optics Inc., Invoice VO94, terms 3/15,n/45.15State Street Office Supply granted a $60 credit for damaged supplies purchased on August 5, Debit Memorandum 73.20Bought $4,800 in store equipment from Digital Precision Equipment on account, Invoice 1288 , terms n/30.25Issued Debit Memorandum 74 to Video Optics Inc. for the return of $120 in merchandise. 28Purchased $1,800 in merchandise on account from U-Tech Products, Invoice UT66, terms n/30.29Bought $270 in supplies on account from ProStudio Supply, Invoice 4574, terms n/30.30Returned $150 in merchandise to U-Tech Products, Debit Memorandum 75.31Issued Debit Memorandum 76 to ProStudio Supply for the return of $35 in supplies bought on March 29.\begin{array}{rl} \text{Date} & \text{Transactions}\\ \hline \text{Mar. 3} & \text{Purchased $\$ 4,500$ in merchandise on account from Photo Emporium, Invoice $1221,$ terms $2 / 10, \mathrm{n} / 30 .$}\\ \text{5} & \text{Bought $\$ 750$ in supplies on account from State Street Office Supply, Invoice $873,$ terms $\mathrm{n} / 30$.}\\ \text{9} & \text{Returned $\$ 225$ in merchandise to Photo Emporium, issued Debit Memorandum $72 .$}\\ \text{10} & \text{Purchased $\$ 3,600$ in merchandise on account from Video Optics Inc., Invoice $\mathrm{VO} 94,$ terms $3 / 15, \mathrm{n} / 45 .$}\\ \text{15} & \text{State Street Office Supply granted a $\$ 60$ credit for damaged supplies purchased on August $5,$ Debit Memorandum 73.}\\ \text{20} & \text{Bought $\$ 4,800$ in store equipment from Digital Precision Equipment on account, Invoice 1288 , terms $\mathrm{n} / 30$.}\\ \text{25} & \text{Issued Debit Memorandum 74 to Video Optics Inc. for the return of $\$ 120$ in merchandise. }\\ \text{28} & \text{Purchased $\$ 1,800$ in merchandise on account from U-Tech Products, Invoice UT66, terms $\mathrm{n} / 30$.}\\ \text{29} & \text{Bought $\$ 270$ in supplies on account from ProStudio Supply, Invoice $4574,$ terms $\mathrm{n} / 30 .$}\\ \text{30} & \text{Returned $\$ 150$ in merchandise to U-Tech Products, Debit Memorandum $75 .$}\\ \text{31} & \text{Issued Debit Memorandum 76 to ProStudio Supply for the return of $\$ 35$ in supplies bought on March $29 .$}\\ \end{array}

Identify the total credit amount made to the Purchases Returns and Allowances account for the month.

Buzz Newsstand had the following transactions for the month of January.

General Ledger 101 Cash in Bank401 Sales115 Accounts Receivable405 Sales Discounts135 Supplies410 Sales Returns and Allowances215 Sales Tax Payable \begin{matrix} \text{General Ledger} & \text{ }\\ \hline \text{101 Cash in Bank} & \text{401 Sales}\\ \text{115 Accounts Receivable} & \text{405 Sales Discounts}\\ \text{135 Supplies} & \text{410 Sales Returns and Allowances}\\ \text{215 Sales Tax Payable} & \text{ }\\ \end{matrix}

Accounts Receivable Subsidiary Ledger

ADK Adkins, LeeNAD Nadal, SabaJAV Java Shops Inc.ROL Rolling Hills Pharmacies\begin{matrix} \text{ADK Adkins, Lee} & \text{NAD Nadal, Saba}\\ \text{JAV Java Shops Inc.} & \text{ROL Rolling Hills Pharmacies}\\ \end{matrix}

  1. Record the transactions on page 9 of the general journal. 2. Post each transaction to the appropriate general ledger and accounts receivable subsidiary ledger accounts. A partial general ledger and accounts receivable subsidiary ledger are included in the working papers. The current account balances are recorded in the accounts.

DateTransactionsJan. 1Lee Adkins returned $200 in damaged merchandise purchased on account last month, issued Credit Memorandum 10 for $212($200 in merchandise plus 6% sales tax of $12).3Received a check from Rolling Hills Pharmacies for $2,256.62 in payment of its account of $2,300 less a 2% cash discount of $43.38 , Receipt 75.7Gave credit to Saba Nadal for the return of $300 in merchandise sold to him on account, plus sales tax of $18. Issued Credit Memorandum 11 for $318.10Java Shops Inc. sent a check for $1471.70 in payment of its account of $1,500 less a 2% cash discount of $28.30, Receipt 76.15Cash sales were $2,500 plus $150 in sales tax, Tape 25.15Bankcard sales were $2,000 plus $120 in sales tax, Tape 25.20Janson Lee, a neighboring store, needed supplies urgently. Sold it $40 in supplies and received cash from the sale, Receipt 77.25Received a check for $636 from Lee Adkins on account, Receipt 78.31Sold $3,000 in merchandise plus sales tax of $180 on account to Rolling Hills Pharmacies, Sales Slip 114.\begin{array}{rl} \text{Date} & \text{Transactions}\\ \hline \text{Jan. 1} & \text{Lee Adkins returned $\$ 200$ in damaged merchandise purchased on account last month, issued Credit Memorandum 10 for $\$ 212(\$ 200$ in merchandise plus $6 \\\%$ sales tax of $\$ 12).$}\\ \text{3} & \text{Received a check from Rolling Hills Pharmacies for $\$ 2,256.62$ in payment of its account of $\$ 2,300$ less a 2$\\\%$ cash discount of $\$ 43.38$ , Receipt $75 .$}\\ \text{7} & \text{Gave credit to Saba Nadal for the return of $\$ 300$ in merchandise sold to him on account, plus sales tax of $\$ 18 .$ Issued Credit Memorandum 11 for $\$ 318$.}\\ \text{10} & \text{Java Shops Inc. sent a check for $\$ 1471.70$ in payment of its account of $\$ 1,500$ less a 2$\\\%$ cash discount of $\$ 28.30$, Receipt 76.}\\ \text{15} & \text{Cash sales were $\$ 2,500$ plus $\$ 150$ in sales tax, Tape 25.}\\ \text{15} & \text{Bankcard sales were $\$ 2,000$ plus $\$ 120$ in sales tax, Tape 25.}\\ \text{20} & \text{Janson Lee, a neighboring store, needed supplies urgently. Sold it $\$ 40$ in supplies and received cash from the sale, Receipt 77.}\\ \text{25} & \text{Received a check for $\$ 636$ from Lee Adkins on account, Receipt 78.}\\ \text{31} & \text{Sold $\$ 3,000$ in merchandise plus sales tax of $\$ 180$ on account to Rolling Hills Pharmacies, Sales Slip 114.}\\ \end{array}

Calculate the net sales for January, which is Sales less Sales Discounts and Sales Returns and Allowances.

Compute how much money Sunset Surfwear will save by taking all discounts. Use the T accounts in your working papers. For each transaction: 1. Determine which accounts are affected. 2. Enter the debit and credit amounts in the T accounts.

DateTransactionsMar. 2Purchased merchandise on account from NightVision and Company, $2,000, Invoice NV20, terms 2/10,n/30.6Issued Check 250 for $85 to Penn Trucking Company for delivering merchandise from NightVision and Company.7Purchased $300 in supplies on account from Temple Store Supply, Invoice 6011, terms n/30.12Issued Check 251 for $1,960 to NightVision and Company in payment of Invoice NV20 for $2,000 less a cash discount of $40.15Paid Keystone Insurance Company $2,500 for the annual premium on business insurance, Check 252.16Purchased $3,000 in merchandise on account from NightVision and Company, Invoice NV45, terms 2/10,n/30.18Issued Debit Memorandum 25 for $100 to NightVision and Company for the return of merchandise. 20Purchased $900 in merchandise from Dandelion Records, Check 253.22Issued Check 254 to Temple Store Supplies for $300 for Invoice 6011.\begin{array}{rl} \text{Date} & \text{Transactions}\\ \hline \text{Mar. 2} & \text{Purchased merchandise on account from NightVision and Company, $\$ 2,000,$ Invoice $\mathrm{NV}-20,$ terms $2 / 10, \mathrm{n} / 30$.}\\ \text{6} & \text{Issued Check 250 for $\$ 85$ to Penn Trucking Company for delivering merchandise from NightVision and Company.}\\ \text{7} & \text{Purchased $\$ 300$ in supplies on account from Temple Store Supply, Invoice 6011, terms $\mathrm{n} / 30$.}\\ \text{12} & \text{Issued Check 251 for $\$ 1,960$ to NightVision and Company in payment of Invoice $\mathrm{NV}-20$ for $\$ 2,000$ less a cash discount of $\$ 40.$}\\ \text{15} & \text{Paid Keystone Insurance Company $\$ 2,500$ for the annual premium on business insurance, Check 252.}\\ \text{16} & \text{Purchased $\$ 3,000$ in merchandise on account from NightVision and Company, Invoice $\mathrm{NV}-45,$ terms $2 / 10, \mathrm{n} / 30$.}\\ \text{18} & \text{Issued Debit Memorandum 25 for $\$ 100$ to NightVision and Company for the return of merchandise. }\\ \text{20} & \text{Purchased $\$ 900$ in merchandise from Dandelion Records, Check 253.}\\ \text{22} & \text{Issued Check 254 to Temple Store Supplies for $\$ 300$ for Invoice 6011.}\\ \end{array}

Calculate the Purchases account balance at the end of March.


River’s Edge Canoe & Kayak had the following purchases and cash payment transactions for the month of March. In your working papers, record the following transactions on page 16 of the general journal.

DateTransactionsMar. 1Purchased $8,200 in merchandise on account from Trailhead Canoes, Invoice TC202, terms 2/10,n/30.5Issued Check 887 for $98 to Santini Trucking Company for delivery of merchandise purchased from Trailhead Canoes.7Bought $230 in supplies on account from StoreMart Supply, Invoice SM101, terms n/30.9Issued Check 888 to World-Wide Insurance Company for $2,500 in payment of business insurance premium.11Issued Check 889 to Trailhead Canoes for $8,036 in payment of Invoice TC202 for $8,200 less a 2% cash discount of $164.15Purchased $6,200 in merchandise on account from Mohican Falls Kayak Wholesalers, Invoice 45332, terms 3/15,n/45.18Issued Debit Memorandum 67 for $25 to StoreMart Supply for damaged supplies purchased on March 7.21Paid StoreMart Supply the balance due on their account, $205 ($230 less $25 credit), Check 890.25Returned $200 in merchandise to Mohican Falls Kayak Wholesalers, Debit Memorandum 68.28Rollins Plumbing Service completed $120 in repair work (Maintenance Expense) on account, Invoice RP432. \begin{array}{rl} \text{Date} & \text{Transactions}\\ \hline \text{Mar. 1} & \text{Purchased $\$ 8,200$ in merchandise on account from Trailhead Canoes, Invoice $\mathrm{TC} 202,$ terms $2 / 10, \mathrm{n} / 30 .$}\\ \text{5} & \text{Issued Check 887 for $\$ 98$ to Santini Trucking Company for delivery of merchandise purchased from Trailhead Canoes.}\\ \text{7} & \text{Bought $\$ 230$ in supplies on account from StoreMart Supply, Invoice $S M 101,$ terms $n / 30 .$}\\ \text{9} & \text{Issued Check 888 to World-Wide Insurance Company for $\$ 2,500$ in payment of business insurance premium.}\\ \text{11} & \text{Issued Check 889 to Trailhead Canoes for $\$ 8,036$ in payment of Invoice $\mathrm{TC} 202$ for $\$ 8,200$ less a 2$\%$ cash discount of $\$ 164 .$}\\ \text{15} & \text{Purchased $\$ 6,200$ in merchandise on account from Mohican Falls Kayak Wholesalers, Invoice $45332,$ terms $3 / 15, \mathrm{n} / 45 .$}\\ \text{18} & \text{Issued Debit Memorandum 67 for $\$ 25$ to StoreMart Supply for damaged supplies purchased on March 7.}\\ \text{21} & \text{Paid StoreMart Supply the balance due on their account, $\$ 205$ $(\$ 230 \text { less } \$ 25 \text { credit), Check 890.}$}\\ \text{25} & \text{Returned $\$ 200$ in merchandise to Mohican Falls Kayak Wholesalers, Debit Memorandum 68.}\\ \text{28} & \text{Rollins Plumbing Service completed $\$ 120$ in repair work (Maintenance Expense) on account, Invoice RP432. }\\ \end{array}

State the total debit amount to the Purchases account for the month.


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