The Dole Products Company of Dallas, Texas, records sales of P.O. 7 merchandise daily by posting directly from its sales invoices to the accounts receivable ledger. At the end of the month, a summarizing entry is made in the general journal. The purchase of goods on account is recorded in a similar man¬

ner. Each day’s posting is done directly from the invoices to the accounts payable ledger, and a summarizing entry is made in the general journal at the end of the month. Sales of merchandise and purchases of goods on account during May of this year were as follows.

Instructions 1. Record the summarizing entry for sales of merchandise on account in the gen¬
eral journal page 27.
2. Record the summarizing entry for the purchase of goods on account in the general journal.

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Sales of Merchandise on Account May 4 Leland and Fouch, no. 3522, $564.21. 7 C. L. Fagan, Inc., no. 3523, $642.17. 11 P. R. Kelsey and Company, no. 3524, $826.48. 15 Mason and Company, no. 3525, $1,560.05. 22 C. D. Savale, no. 3526, $952.17. 24 Lane D. Johnson, no. 3527, $973.14. 25 Sheila D. Pietre, no. 3528, $1,017.55. 28 Miller Corporation, no. 3529, $768.40. 30 Mason and Company, no. 3530, $466.32. 31 C. L. Fagan, Inc., no. 3531, $516.24. Purchases of Goods, Supplies, and Equipment on Account May 3 Moore and Logan, merchandise, $429.42; FOB Dallas. 9 D and L Manufacturing Company, merchandise, $1,964; FOB Dallas. 11 Lukens Supply Company, office supplies, $107.22; FOB Dallas. 19 Dinsdale and Company, merchandise, $225.50; FOB Houston, freight prepaid and added to the invoice, $14 (total $239.50). 21 Moore and Moore, store supplies, $56.39; FOB Dallas. 27 Hardy Specialty Products, merchandise, $4,977.53; FOB Dallas. 31 Atlas Distributing Company, store equipment, $351.16; FOB Dallas.