Student Name: Ma9oMaccs
Test Date: October 3, 2021
Instructor: Joseph Coss
Special Journals Test
Chart of Accounts
101 - Cash
122 - Accounts Receivable
142 - Office Supplies
202 - Accounts Payable
231 - Sales Tax Payable
401 - Sales
401.1 - Sales Returns and Allowances
401.2 - Sales Discounts
501 - Purchases
501.1 - Purchase Returns and Allowances
501.2 - Purchase Discounts
502 - Freight
513 - Bank Credit Card Expense
You own Morning Glory Nursery. You do not offer sales discounts. Sales Tax Rate is 8%.
3-Apr - Sold merchandise on account to Rose Bush, $1033.00 plus $82.64 sales tax. Sale no. 1350
10-Apr - Sold merchandise on account to Lily Gardner, $3472.00 plus $277.76 sales tax. Sale no. 1351
13-Apr - Received payment from Jasmine Flowers for the balance on her account, $1602.00
17-Apr - Purchased merchandise from Spring Hill Nurseries, $4220.00 tax included. Invoice no. 1093 dated April 17, terms 2/10 n 30
20-Apr - Issued check no. 1678 to Spring Hill Nurseries to pay invoice no. 1093. Payment was made within the discount period
23-Apr - Sent credit memo # CR55 to Daisy Meadows for returned merchandise, $245.00 plus $19.60 sales tax
25-Apr - Purchased merchandise from Flower Bed, Inc., $2143.00 tax included, plus freight $54.00. Invoice no. 2010
28-Apr - Purchased office supplies on account with Office Depot, $129.00 plus $10.32 sales tax
28-Apr - Sold merchandise on account to Violet Potter, $2540.00 plus $20.32 sales tax. Sale no. 1352
28-Apr - Received payment from Iris Bloom for the balance on her account, $1910.00
30-Apr - Cash sales for the month $6009.00, plus $480.72 sales tax
30-Apr - Credit card sales for the month $5467.24 plus $437.38 sales tax. Credit card fee is 3%
Possible Deductions: Score 4.8
Journalize entries to appropriate journal - 4 points each. Show your work.
TOTAL: 50