1. Allison Cooper opened Allisons Toy House. As her newly hired accountant, your tasks are to do the following: a. Journalize the transactions for the month of October, 201X. b. Record to subsidiary ledgers and post to the general ledger as appropriate. c. Prepare a schedule of accounts receivable and a schedule of accounts payable. The following is the partial chart of accounts for Allisons Toy House: Allisons Toy House Chart of Accounts Assets Revenue 110 Cash 410 Toy Sales 112 Accounts Receivable 412 Sales Returns and Allowances 114 Prepaid Rent 414 Sales Discounts 121 Delivery Truck Cost of Goods Liabilities 510 Toy Purchases 211 Accounts Payable 512 Purchases Returns and Allowances Owner Equity 514 Purchases Discounts 310 A. Cooper, Capital Expenses 610 Salaries Expense 612 Cleaning Expense Oct. 1 Allison Cooper invested $8,200 in the toy store. Oct. 1 Paid three months rent in advance, check no. 1, $3,000. Oct. 1 Purchased merchandise from Sarah Harmitz Company on account, $3,800, invoice no. 410, dated October 2; terms 7/10, n/30. Oct. 3 Sold merchandise to Robert Gibbs on account, $1,100, invoice no. 1; terms 7/10, n/30. Oct. 6 Sold merchandise to Inez Tenenbaum on account, $700, invoice no. 2; terms 7/10, n/30. Oct. 8 Purchased merchandise from Sarah Harmitz Co. on account, $1,500, invoice no. 415, dated October 9; terms 7/10, n/30. Oct. 9 Sold merchandise to Robert Gibbs on account, $600, invoice no. 3; terms 7/10, n/30. Oct. 9 Paid cleaning service, check no. 2, $200. Oct. 10 Inez Tenenbaum returned merchandise that cost $300 to Allisons Toy House. Allison issued credit memorandum no. 1 to Inez Tenenbaum for $300. Oct. 10 Purchased merchandise from Lane Chipkin on account, $4,000, invoice no. 311, dated October 11; terms 6/15, n/60. Oct. 12 Paid Sarah Harmitz Co. invoice no. 410, dated October 2, check no. 3. Oct. 13 Sold $1,600 of toy merchandise for cash. Oct. 13 Paid salaries, $900, check no. 4. Oct. 14 Returned merchandise to Lane Chipkin in the amount of $1,500. Allisons Toy House issued debit memorandum no. 1 to Lane Chipkin. Oct. 15 Sold merchandise for $3,800 cash. Oct. 16 Received payment from Inez Tenenbaum, invoice no. 2 (less returned merchandise) less discount. Oct. 16 Robert Gibbs paid invoice no. 1. Oct. 16 Sold toy merchandise to Amanda Reader on account, $3,900, invoice no. 4; terms 7/10, n/30. Oct. 20 Purchased delivery truck on account from Sam Katz Garage, $3,100, invoice no. 111, dated October 21 (no discount). Oct. 22 Sold to Robert Gibbs merchandise on account, $1,000, invoice no. 5; terms 7/10, n/30. Oct. 23 Paid Lane Chipkin balance owed, check no. 5. Oct. 24 Sold toy merchandise on account to Amanda Reader, $1,700, invoice no. 6; terms 7/10, n/30. Oct. 25 Purchased toy merchandise, $500, check no. 6. Oct. 26 Purchased toy merchandise from William Smith on account, $4,600, invoice no. 211, dated October 27; terms 7/10, n/30. Oct. 28 Robert Gibbs paid invoice no. 5, dated October 22. Oct. 28 Amanda Reader paid invoice no. 6, dated October 24. Oct. 28 Allison invested an additional $5,500 in the business. Oct. 28 Purchased merchandise from Sarah Harmitz Co., $1,600, invoice no. 436, dated October 29; terms 7/10, n/30. Oct. 30 Paid Sarah Harmitz Co. invoice no. 436, check no. 7. Oct. 30 Sold merchandise to Bonnie Flow Company on account, $2,400, invoice no. 7; terms 7/10, n/30. 1. Allison Cooper opened Allisons Toy House. As her newly hired accountant, your tasks are to do the following: a. Journalize the transactions for the month of October, 201X. b. Record to subsidiary ledgers and post to the general ledger as appropriate. c. Prepare a schedule of accounts receivable and a schedule of accounts payable. The following is the partial chart of accounts for Allisons Toy House: Allisons Toy House Chart of Accounts Assets Revenue 110 Cash 410 Toy Sales 112 Accounts Receivable 412 Sales Returns and Allowances 114 Prepaid Rent 414 Sales Discounts 121 Delivery Truck Cost of Goods Liabilities 510 Toy Purchases 211 Accounts Payable 512 Purchases Returns and Allowances Owner Equity 514 Purchases Discounts 310 A. Cooper, Capital Expenses 610 Salaries Expense 612 Cleaning Expense Oct. 1 Allison Cooper invested $8,200 in the toy store. Oct. 1 Paid three months rent in advance, check no. 1, $3,000. Oct. 1 Purchased merchandise from Sarah Harmitz Company on account, $3,800, invoice no. 410, dated October 2; terms 7/10, n/30. Oct. 3 Sold merchandise to Robert Gibbs on account, $1,100, invoice no. 1; terms 7/10, n/30. Oct. 6 Sold merchandise to Inez Tenenbaum on account, $700, invoice no. 2; terms 7/10, n/30. Oct. 8 Purchased merchandise from Sarah Harmitz Co. on account, $1,500, invoice no. 415, dated October 9; terms 7/10, n/30. Oct. 9 Sold merchandise to Robert Gibbs on account, $600, invoice no. 3; terms 7/10, n/30. Oct. 9 Paid cleaning service, check no. 2, $200. Oct. 10 Inez Tenenbaum returned merchandise that cost $300 to Allisons Toy House. Allison issued credit memorandum no. 1 to Inez Tenenbaum for $300. Oct. 10 Purchased merchandise from Lane Chipkin on account, $4,000, invoice no. 311, dated October 11; terms 6/15, n/60. Oct. 12 Paid Sarah Harmitz Co. invoice no. 410, dated October 2, check no. 3.

Oct. 13 Sold $1,600 of toy merchandise for cash.

Oct. 13 Paid salaries, $900, check no. 4.

Oct. 14 Returned merchandise to Lane Chipkin in the amount of $1,500. Allisons Toy House issued debit memorandum no. 1 to Lane Chipkin.

Oct. 15 Sold merchandise for $3,800 cash.

Oct. 16 Received payment from Inez Tenenbaum, invoice no. 2 (less returned merchandise) less discount.

Oct. 16 Robert Gibbs paid invoice no. 1.

Oct. 16 Sold toy merchandise to Amanda Reader on account, $3,900, invoice no. 4; terms 7/10, n/30.

Oct. 20 Purchased delivery truck on account from Sam Katz Garage, $3,100, invoice no. 111, dated October 21 (no discount).

Oct. 22 Sold to Robert Gibbs merchandise on account, $1,000, invoice no. 5; terms 7/10, n/30.

Oct. 23 Paid Lane Chipkin balance owed, check no. 5.

Oct. 24 Sold toy merchandise on account to Amanda Reader, $1,700, invoice no. 6; terms 7/10, n/30.

Oct. 25 Purchased toy merchandise, $500, check no. 6.

Oct. 26 Purchased toy merchandise from William Smith on account, $4,600, invoice no. 211, dated October 27; terms 7/10, n/30.

Oct. 28 Robert Gibbs paid invoice no. 5, dated October 22. Oct. 28 Amanda Reader paid invoice no. 6, dated October 24.

Oct. 28 Allison invested an additional $5,500 in the business.

Oct. 28 Purchased merchandise from Sarah Harmitz Co., $1,600, invoice no. 436, dated October 29; terms 7/10, n/30.

Oct. 30 Paid Sarah Harmitz Co. invoice no. 436, check no. 7.

Oct. 30 Sold merchandise to Bonnie Flow Company on account, $2,400, invoice no. 7; terms 7/10, n/30.