20900 6300 VELOCITY SPORTING GooDS Description Item No 139

$ 209.00 63.00 VELOCITY SPORTING GooDS Description Item No $ 139.00 66.00 December No 20 Increased employee pay rates, and employees changed their federal income tax withholding amounts, both effective December 16. There were no changes in filing status or withholding allowances. New Federal Income Tax Withholding Amt. $415.00 $233.00 S74.00 New Pay Rate Ray Kramer$3,700.00 semimonthly Jim Adams S22.50 per hour $18.20 per hour Nancy Ford No accounting entries are necessary, but you must update the pay rate history information in the Employee Earnings Subsidiary Ledger . Yes 22 Received merchandise from Velocity Sporting Goods as listed on purchase order No. 328. All merchandise listed on the purchase order was delivered in good condition and in the quantities ordered, except that only 76 basketball pole pads (Item No. BB-019) were received. The goods were placed immediately in the inventory warehouse. Freight carrier: Freight bill Interstate Motor Freight No. 26425 (Doc. No. 19), received with shipment . Remember to follow the flowchart on page 22. You can\'t record a purchase Yes 22 Received check No. 28564 (Doc. No. 8) from Branch College for payment in full for No | 22 Received legal notification from Benson, Rosenbrook, and Martinson, P.?., attorneys yet because the invoice hasn\'t been received. charge invoice No. 730, and deposited the check. at law, that Stevenson College had filed bankruptcy and will be unable to pay any of its outstanding debts to its suppliers. Write off the account as a bad debt. Remember that Waren Sports Supply uses the \"Allowance\" method rather than \"Direct write-off\" for accounting for bad debts. Yes 26 Received all goods that Waren had authorized Eastern Wisconsin University (EWU) to return on EWU\'s return request No. R8034 for credit against their account balance. Process and record the sales return now . Yes 26 Received check No. 49326 (Doc. No. 8) for $10,000 from Eastern Wisconsin University in partial payment of the remaining amount (after sales return) on charge invoice No. 729, and deposited the check. Do not finalize a deposit slip until you determine whether there are other cash receipts on the same day .

Solution

18.

Check all the Deposits made on the same date of which receipt received. Also verify the prescription filled in the receipt wheather Amount, date and Account Number is matched or not.

Also Document the Deposit Receipt in the File with the copy of Deposit Slip counterfolio.