Beginning balances in April 2016:

Beginning balances in April 2016:

1. April 1st – The company sold merchandise in cash for $__________. The cost was $10,000.
2. April 2nd - The company purchased new equipment for $__________; the payment was made with a check.
3. April 2nd - The company purchased merchandise for $__________ and paid with a check.
4. April 2nd. From the previous purchase, the company paid for shipping costs with a check a total of $5,000.
5. April 3rd - The company bought 2 new computers for a total of $__________, the payment was made with a check.
6. April 3rd – Sale of merchandise in cash for a total of $__________. The cost of the products was $60,000.
7. April 4th – Sale of merchandise on credit for a total of $__________. The cost was $180,000.
8. April 5th - The company purchased new furniture on credit for $10,000.
9. April 6th - Purchase of merchandise for inventory on credit for a total of $__________.
10. April 7th - The company sold merchandise on credit for a total of $__________. The cost of the products was $210,000.
11.  April 8th – From the sale on April 1st, the customer returned merchandise for $3,000. The amount was refunded with a check. The cost of this merchandise was $900.
12.  April 9th - The company purchased equipment on account and the total was $__________.
13.  April 10th - Purchase of office supplies for inventory, paid with a check. The total was $3,500.
14. April 10th – Sale of merchandise in cash for $100,000. The cost of goods sold was $30,000.
15.  April 11th - Purchase of equipment for a total of $10,000, the payment was made with a check.
16.  April 12th – The company made a deposit in its bank account for $200,000.
17.  April 13th - The company purchased merchandise for inventory for a total of $51,340 and paid with checks.
18.  April 13th - Sale of merchandise for a total of $388,000. The sale was made 50% in cash and 50% on account. Cost of goods sold $160,000.
19. April 14th - Sale of merchandise in cash for a total of $300,500. The cost of this merchandise was $100,000.
20. April 14th - Sale of merchandise on credit for a total of $200,350. Cost of goods sold $100,800.
21. April 15th – The company sold products in cash for $100,610 and gave a 10% discount. The cost of those products was $30,600.
22. April 16th - Purchase of merchandise for $__________, 50% was paid in cash and 50% of the purchase was on account.
23. April 16th - Administrative expenses accrued in the month (Electricity and water): $90,000.
24. April 16th - The company has to pay the wages of 4 employees who work in the administrative department. The total is $120,000.
25. April 16th – The total amount of wages accrued of the sales department is $40,000.
26. April 16th – Total amount of commissions that must be paid to sales personnel: $100,000.
27. April 17th – The company purchased merchandise for $20,200 and paid with a check. The supplier gave a 10% discount.
28. April 17th - Payment in advance of the rent of a warehouse for $60,000 in cash.
29. April 17th – From the sale on April 10th, the customer returned merchandise for a total of $20,000. The cost of this merchandise was $6,000.
30. April 17th – Purchase of merchandise for $40,000 guaranteed with notes.
31. April 17th – From the previous purchase, the company paid for shipping costs a total of $2,600 in cash.
32. April 18th – The company made a deposit in its bank account for $400,000.
33. April 18th - The company lent $3,000 to an employee.
34. April 18th - Sale of merchandise for $__________. The customer guaranteed the payment with notes. The cost of goods sold was$200,700.
35. April 19th – The company borrowed $40,000 from the bank and has to pay back in 8 months.
36. April 19th – Purchases of merchandise for inventory on credit for a total of $20,800.
37. April 19th - The company sold merchandise for $234,000 and the customer issued notes for this amount, including a 12% interest. The cost of the merchandise was $95,800.
38. April 20th – From the purchase on credit yesterday, we returned merchandise for $3,500.
39. April 20th – Purchase of merchandise for $200,000. The 50% of this amount was paid with a check and for the other 50% we issued a note, including a 10% interest.
40. April 20th - Telephone service expense accrued in the administrative department for a total of $__________ and in the sales department $2,000.
41. April 20th – Sale of merchandise for $88,000, 80% in cash and 20% on account. The cost of goods sold was the 40% of the sale.
42. April 21st – Purchase of computer equipment for $40,300 which was paid with a check.
43. April 21st – Purchase of furniture for $180,300. The payment was made with a check.
44. April 21st – The company returned merchandise to the supplier for $20,000 and for this amount we received a check.
45. April 22nd - The company borrowed $800,000 from a bank, which was deposited in the company´s bank account. The debt matures in 2 years. Interest payable $80,000.
46. April 23rd – Equipment was purchased for $300,450; 50% was paid with a check, and for the rest we issued a note.
47. April 24th – Equipment was purchased on credit for a total of $50,000.
48. April 24th – The company sold merchandise in cash for a total of $900,000. The cost of this merchandise was the 30% of the sale.
49. April 24th – The company paid shipping costs from the previous sale. The amount was $40,000 and was paid with a check.
50. April 25th – The company collected accounts receivable for $__________. This amount was deposited in the company´s bank account.
51. April 25th – The company made a deposit in its bank account for $940,000.
52. April 26th – Purchase of equipment for $1,000,000 and furniture for $290,000; the company paid with checks.
53. April 27th – Advertising expense for $__________ was paid with a check.
54. April 27th – From the sale on April 24th, the customer returned $__________; this amount was refunded with a check.
55. April 28th – Purchases of merchandise for inventory for $700,000; 30% was paid with a check and the rest on account.
56. April 29th – Payment of accounts payable for $320,890; $120,890 in cash and the rest with a check.
57. April 30th - Depreciation of Fixed Assets in the month: $133,596.
58. April 30th - Income taxes accrued 30%
59. April 30th – Record the adjustment to obtain the Gross Profit for the month.
60. April 30th – Record the adjustment to transfer the Gross Profit to the correct account.
61. April 30th – Close the income accounts.
62. April 30th – Close the expenses accounts.
63. April 30th – Close the Profit and Loss account.

...