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What are the trial balance, adjusting entries, and adjusted trial balance for problem CP7-1 in Accounting Principles Chapter 7?

Comprehensive Problems Chapters 3 to 7 schedule of Accounts Receivable rom accounts receivable subsidfary ledger) Schedule of Accounts Payable (from accounts payable subsidiary led January 1 Balance 7,500 January 1 Opening Balance $ 9,000 15,000 11,000 Customer R. Beltre B Santos S. Mahay Creditor S. Meek R. Moses l merchandise on account to B. Corpas $3,600, invoice no. 510 and to J. Revere $ t Jat: invoice no. 511. e merchandise from S. Gamel $5,000 and D. Posey $2.200, terms n/30 Receive checks from S. Mahay $4,000 and B, Santos $2,000 after discount period has lapsed Pay freight on merchandise purchased $235 se Send checks to S. Meek for $9,000 less 2% cash discount, and to D. Saito for $11,000 less 1% cash discount. g Issue credit of $300 to J. Revere for merchandise returned 0 Daily cash sales from January 1 to January 10 total $15,500. Make one journal entry for these sales. io Sell merchandise on account to R. Beltre $1,600, invoice no. 512, and to S. Mahay $900 invoice no. 513 12 Pay rent of $1,000 for January 13 Receive payment in full from B. Corpas and J. Revere less cash discounts. 5 Withdraw $800 cash by M. Jeter for personal use ral 15 Post all entries to the subsidiary ledgers 16 Purchase merchandise from D. Saito $15,000, terms 1/10, n/30: S. Meek $14,200, terms 2/10, n/30; and S. Gamel $1,500, terms n/30 17 Pay $400 cash for office supplies. 18 Return $200 of merchandise to S. Meek and receive credit. 20 Daily cash sales from January 11 to January 20 total $20,100. Make one journal entiry for these sales. 21 Issue $15,000 note, maturing in 90 days, to R. Moses in payment of balance due 21 Receive pathcnt in full from S. Mahay less cash discount. 22 Sell merchandise on account to B. Corpas $2,700, invoice no. 514, and to R. Beltre $2,300 invoice no. 51S 22 Post all entes to the subsidiary ledgers. 23 Send checks 13 D. Saito and S. Meek for full payment less cash discounts 25 Sell merchan dise on account to B. Santos $3,500, invoice no. 516, and to J. Revere $6,100, invoice no. 517 Purchase merchandise from D. Saito $14,500, terms 1/10, n/30; D. Posey $3.200, terms n/30; and S. Gamel $5,400, terms n/30 Post all entries to the subsidiary ledgers. Pay $200 cash for office supplies. Daily cash sales from January 21 to January 31 total $21,300. Make one journal entry for these sales. Pay sales salaries $4,300 and office salaries $3,800 27 27 28 31 he 31 Instructions receipts journal as shown in Illustration 7.9, a cash payments journal as shown in Illustration 7-16, and a two-column general journal a) Record the January transactions in a sales journal, a single-column purchases journal, a cash (b) Post the journals to the general ledger. ) Prepare a trial balance at January 31, 2017, in the trial balance columns of the worksheet. Com plete the worksheet using the following additional information. ofice supplies at January 31 total $900. nsurance coverage expires on October 31, 2017 nual depreciation on the equipment is $1.500, Interest of $50 has accrued on the note payable. lpaure a multiple-step income statement and an owners equity statement for January and a ther the subsidiary ledgers agree with the (d classified balance sheet at the end of January bepare and post adjusting and closing entries accounts in the general ledger are a post-closing trial balance, and determine whet COMPREHENSIVE PROBLEMS: CHAPTERS 3 TO 7 CP7-1 (Perpet able and an accounts payable subsidiary ledger. Balances related to both the ger ual Method) Jeter Co. uses a perpetual inventory system and both an accounts below. Also following are a subsidiary ledgers for Jeter are indicated in the working papers presente series of transactions for Jeter Co. for the month of January. Credit sales terms are 2/10, n/30. The cost of all merchandise sold was 60% of the sales price. GENERAL LEDGER January1 Account Number Opening Balance 101 Cash $35,750 13,000 39,000 18,000 1,000 2,000 6,450 1,500 35,000 78,700 112 Accounts Receivable 115 Notes Receivable 120 Inventory 126 Supplies 130 Prepaid Insurance 157 Equipment 158 Accumulated Depreciation-Equip 201 Accounts Payable 301 Owner's Capital Comprehensive Problems Chapters 3 to 7 schedule of Accounts Receivable rom accounts receivable subsidfary ledger) Schedule of Accounts Payable (from accounts payable subsidiary led January 1 Balance 7,500 January 1 Opening Balance $ 9,000 15,000 11,000 Customer R. Beltre B Santos S. Mahay Creditor S. Meek R. Moses l merchandise on account to B. Corpas $3,600, invoice no. 510 and to J. Revere $ t Jat: invoice no. 511. e merchandise from S. Gamel $5,000 and D. Posey $2.200, terms n/30 Receive checks from S. Mahay $4,000 and B, Santos $2,000 after discount period has lapsed Pay freight on merchandise purchased $235 se Send checks to S. Meek for $9,000 less 2% cash discount, and to D. Saito for $11,000 less 1% cash discount. g Issue credit of $300 to J. Revere for merchandise returned 0 Daily cash sales from January 1 to January 10 total $15,500. Make one journal entry for these sales. io Sell merchandise on account to R. Beltre $1,600, invoice no. 512, and to S. Mahay $900 invoice no. 513 12 Pay rent of $1,000 for January 13 Receive payment in full from B. Corpas and J. Revere less cash discounts. 5 Withdraw $800 cash by M. Jeter for personal use ral 15 Post all entries to the subsidiary ledgers 16 Purchase merchandise from D. Saito $15,000, terms 1/10, n/30: S. Meek $14,200, terms 2/10, n/30; and S. Gamel $1,500, terms n/30 17 Pay $400 cash for office supplies. 18 Return $200 of merchandise to S. Meek and receive credit. 20 Daily cash sales from January 11 to January 20 total $20,100. Make one journal entiry for these sales. 21 Issue $15,000 note, maturing in 90 days, to R. Moses in payment of balance due 21 Receive pathcnt in full from S. Mahay less cash discount. 22 Sell merchandise on account to B. Corpas $2,700, invoice no. 514, and to R. Beltre $2,300 invoice no. 51S 22 Post all entes to the subsidiary ledgers. 23 Send checks 13 D. Saito and S. Meek for full payment less cash discounts 25 Sell merchan dise on account to B. Santos $3,500, invoice no. 516, and to J. Revere $6,100, invoice no. 517 Purchase merchandise from D. Saito $14,500, terms 1/10, n/30; D. Posey $3.200, terms n/30; and S. Gamel $5,400, terms n/30 Post all entries to the subsidiary ledgers. Pay $200 cash for office supplies. Daily cash sales from January 21 to January 31 total $21,300. Make one journal entry for these sales. Pay sales salaries $4,300 and office salaries $3,800 27 27 28 31 he 31 Instructions receipts journal as shown in Illustration 7.9, a cash payments journal as shown in Illustration 7-16, and a two-column general journal a) Record the January transactions in a sales journal, a single-column purchases journal, a cash (b) Post the journals to the general ledger. ) Prepare a trial balance at January 31, 2017, in the trial balance columns of the worksheet. Com plete the worksheet using the following additional information. ofice supplies at January 31 total $900. nsurance coverage expires on October 31, 2017 nual depreciation on the equipment is $1.500, Interest of $50 has accrued on the note payable. lpaure a multiple-step income statement and an owners equity statement for January and a ther the subsidiary ledgers agree with the (d classified balance sheet at the end of January bepare and post adjusting and closing entries accounts in the general ledger are a post-closing trial balance, and determine whet COMPREHENSIVE PROBLEMS: CHAPTERS 3 TO 7 CP7-1 (Perpet able and an accounts payable subsidiary ledger. Balances related to both the ger ual Method) Jeter Co. uses a perpetual inventory system and both an accounts below. Also following are a subsidiary ledgers for Jeter are indicated in the working papers presente series of transactions for Jeter Co. for the month of January. Credit sales terms are 2/10, n/30. The cost of all merchandise sold was 60% of the sales price. GENERAL LEDGER January1 Account Number Opening Balance 101 Cash $35,750 13,000 39,000 18,000 1,000 2,000 6,450 1,500 35,000 78,700 112 Accounts Receivable 115 Notes Receivable 120 Inventory 126 Supplies 130 Prepaid Insurance 157 Equipment 158 Accumulated Depreciation-Equip 201 Accounts Payable 301 Owner's Capital

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