Selected transactions of Lois’s Center carried out this year are P.0.1a,b,d,e,f as follows:

Instructions Record these transactions in one of the following journals: a sales journal (page 37), a cash receipts journal (page 32), or a general journal (page 17).

Instructions for General Ledger Software 1. Journalize transactions in either the sales journal, the cash receipts journal, or the general journal.
2. Print the journal entries from each journal.

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Jan. 10 Sold merchandise on account to Osman Stores; 2/10, n/30; $5,230. Feb. 9 Received a 30-day, 9 percent note from Osman Stores, $5,230, dated February 9, to apply on account. Mar. 11 Received $2,269.23 from Osman Stores as part payment on its note dated February 9: $2,230 as part payment on the principal and $39.23 interest on $5,230 for 30 days at 9 percent. Received a new 30-day, 10 percent note, dated March 11, for $3,000. Apr. 4 Sold merchandise to Fisher Sports, $2,790, receiving a 90-day, 9 per- cent note, dated April 4 (not previously recorded). 10 Received a check from Osman Stores for the amount owed on its note of March 11. 12 Discounted the note received from Fisher Sports at the Lundgren Bank; discount rate, 8 percent. May 8 June 7 Sold merchandise on account to Laxtrom, Inc.; 2/10, n/30; $2,848. Received a 45-day, 9 percent note for $2,848 from Laxtrom, Inc., dated June 7, to apply on account.