An atm allows a customer to withdraw a maximum of $500 per day. if a customer withdraws more than $300, the service charge is 4% of the amount over $300. if the customer does not have sufficient money in the account, the atm informs the customer about the insufficient funds and gives the customer the option to withdraw the money for a service charge of $25.00. if there is no money in the account or if the account balance is negative, the atm does not allow the customer to withdraw any money. if the amount to be withdrawn is greater than $500, the atm informs the customer about the maximum amount that can be withdrawn. write an algorithm that allows the customer to enter the amount to be withdrawn. the algorithm then checks the total amount in the account, dispenses the money to the customer, and debits the account by the amount withdrawn and the service charges, if any.

Alpha company uses the periodic inventory system for purchase & sales of merchandise. discount terms for both purchases & sales are, 2/10, n30 and the gross method is used. unless otherwise noted, fob destination will apply to all purchases & sales. the value of inventory is based on periodic system. on january 1, 2016, beginning inventory consisted of 350 units of widgets costing $10 each. alpha prepares monthly income statements. the following events occurred during the month of jan.: dateactivitya.jan. 3purchased on account 350 widgets for $11 each.b.jan. 5sold on account 400 widgets for $30 each. paid freight out with petty cash of $150.c.jan. 10purchased on account 625 widgets for $12 each.d.jan. 11shipping cost for the january 10 purchased merchandise was $400 was paid with a cheque by alpha directly to the freight company.e.jan. 12returned 50 widgets received from jan. 10 purchase as they were not the correct item ordered.f.jan. 13paid for the purchases made on jan. 3.g.jan. 21sold on account 550 widgets for $30 each. paid freight out with petty cash of $250.h.jan. 22authorize credit without return of goods for 50 widgets sold on jan. 21 when customer advised that they were received in defective condition.i.jan. 25received payment for the sale made on jan. 5.j.jan. 26paid for the purchases made on jan. 10.k.jan. 31received payment for the sale made on jan. 21.use this information to prepare the general journal entries (without explanation) for the january events. if no entry is required then enter the date and write "no entry required."