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Journalize the following transactions for the month of June for Quixote Company using the following list of Accounts and Account numbers.

Record all entries to the nearest cent.

Chart of Accounts Name of Account

Account Number

Cash		#110
Accounts Receivable		#112
Merchandise Inventory		#115
Estimated Returns Inventory		#116
Store Supplies		#117
Prepaid Insurance		#119
Store Equipment		#120
Accumulated Depreciation - Store Equipment		#121
Accounts Payable		#210
Salaries Payable		#211
Customer Refunds Payable		#212
Larkin, Capital		#310
Larkin, Drawing		#311
Sales		#410
Cost of Merchandise Sold		#510
Office Salaries Expense		#511
Sales Salaries Expense		#512
Rent Expense		#513
Depreciation Expense		#514
Insurance Expense		#515
Delivery Expense		#516
Misc. Selling Expense		#517
Misc. Administrative Expense		#518

CASH ENDING BALANCE: 27,505.00

PART III

A) Complete the Trial Balance part of the worksheet using the account balances from the Ledger (columns 1 and 2).

Adjusted Trial Balance = 94,525.00

B) Use the following data for adjustments and complete the rest of worksheet.

Be sure to complete the entire worksheet showing totals and net income.

Adjustments (place on worksheet only, do not post to ledger)

1. Sales earned but not billed yet $ 3000 (treat as AR) 2. Additional $ 750 in sales salaries has been accrued, but not yet recorded 3. Depreciation expense on the store equipment for the month is $450 4. Insurance expired for the month is $180

please help, I am stuck on the worksheet :(

1-Jun Paid rent for June, $3000 Purchased merchandise on account from ABC Company for $30000 Terms 2/10, n/30, FOB shipping point Billed $450 for shipping which was added to the invoice 3-Jun 3 pts 4-Jun Returned $6000 of the merchandise purchased on June 3 from ABC Company 2 pts Sold $27000 of Merchandise on account to EFG Company, terms 1 /20, n/30, FOB shipping point The cost of merchandise sold was $15000 we paid $750 for shipping which was billed and added to the customer's invoice 6-Jun 3 pts 7-Jun EFG company returned $4500 of the merchandise purchased on June 6 The cost of merchandise sold was $3000 2 pts 8-Jun Paid misc. selling expense of $1500 and misc. administrative expense of $300 2 pts 9-Jun 13-Jun 16-Jun 17-Jun Purchased on account $1050 of store supplies Paid ABC Company for the purchase made on June 3rd, less the return of June 4th Purchased store supplies for $300 cash Received cash from EFG Company for the sale of June 6, 2 pts 3 pts 2 pts less the return of June 7th 3 pts 25-Jun Paid sales salaries expense of $1950 and office salaries expense of $2250 2 pts 30-Jun Owner withdrew $1500

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