1. Selected transactions of OMalley Co. for the month of May are as follows:

a. May 1. Issued Check No. 1001 in payment of rent for May, $1,200.

b. 2. Purchased office supplies on account from McMillan Co., $3,600.

c. 4. Issued Check No. 1003 in payment of freight charges on the supplies purchased on May 2, $320.

d. 8. Sold goods on account to Waller Co., Invoice No. 51, $4,500.

e. 9. Issued Check No. 1005 for office supplies purchased, $450.

f. 10. Received cash for office supplies sold to employees at cost, $120.

g. 11. Purchased office equipment on account from Fender Office Products, $15,000.

h. 12. Issued Check No. 1010 in payment of the supplies purchased from McMillan Co. on May 2, $3,600.

i. 16. Sold goods on account to Riese Co., Invoice No. 58, $8,000.

j. 18. Received $4,500 from Waller Co. in payment of May 8 invoice.

k. 20. Invested additional cash in the business, $10,000.

l. 25. Provided services for cash, $15,900.

m. 30. Issued Check No. 1040 for withdrawal of cash for personal use, $1,000.

n. 30. Issued Check No. 1041 in payment of electricity and water invoices, $690.

o. 30. Issued Check No. 1042 in payment of office and sales salaries for May, $15,800.

p. 31. Journalized adjusting entries from the worksheet prepared for the fiscal year ended May 31.

OMalley Co. maintains a sales/revenue journal, a cash receipts journal, a purchases journal, a cash payments journal, and a general journal. In addition, accounts receivable and accounts payable subsidiary ledgers are used.

Instructions:

1. Indicate the journal in which each of the preceding transactions, (a) through (p), would be recorded.
2. Indicate whether an account in the accounts receivable, an accounts payable, or no subsidiary ledgers would be affected for each of the preceding transactions.
3. Journalize ONLY transactions (b), (c), (d), (h), and (j) in the appropriate journals.

H90) Chapter 7 Fvaluation 2019 (1) - Microsoft Word X Page Layout References Malings Review Calon - 11 - AA - FF 2. 41 AN Home Insert cu Copy Paste Format Painter Clipboard AaBbccdd AaBbccdd AaBbcc AaBbcc AaBt AaBbc hobbcod nobbcod AaBb CeDe AaBbCeDe AoBbced Subtle Emp. Find - Replace BI XX As- x E Normal 1 No Spacing Heading 1 Heading 2 Title Subtitle .. Emphasis ntense Em. Strong Quote change Select Styles Font Paragraph Styles Editing 4 1. Journal 2. Subsidiary Ledger a. h. e. f. B h i. j. j k. 1. m. n. . P- Page 3 of 5 Worce 580 H 100% Type here to search O c EC 35F Clear 010 7:33 PM 11/27/2021 H90) Chapter 7 Evaluation 2019 (1) - Microsoft Word X Page Layout References Malings Review Calon - AA FF 2. 41 AN Home Insert cu Copy Paste Format Painter Clipboard BI XX x x AB WE AaBbccdd AaBbccdd AaBbcc AaBbcc AaBt AaBbc hobbcod nobbcod AaBb CeDe AaBbCeDe AoBbced Normal 1 No Spacing Heading 1 1 Heading 2 Subtle Emp Styles Title Subtitle .. Emphasis Intense Em.. Strong Find - Replace Select- Editing Quote change Styles Font Paragraph 1 e. Selected transactions of O'Malley Co. for the month of May are as follows: a. May 1. Issued Check No. 1001 in payment of rent for May, $1,200. b. 2. Purchased office supplies on account from McMillan Co., $3,600. c. 1. Issued Check No. 1003 in payment of freight charges on the supplies purchased on May 2, $320. 8. Sold goods on account to Waller Co., Invoicc No. 51, $4,500. 9. Issued Check No. 1005 for office supplies purchased, $450. f. 10. Received cash for office supplies sold to employees at cost, $120. 5. 11. Purchased office equipment on account from Fender Office Products, $15,000, h. 12. Issued Check No. 1010 in payment of the supplies purchased from McMillan Co. on May 2, $1,600. i. 16. Sold goods on account to Riesc Co., Invoice No.58, S8,000. j. 18. Received $4,500 from Waller Co. in payment of May air voice. k. 20. Invested additional cash in the business, $10,000. 25. Provided services for cash, $15,900. 30. Issued Check No. 1010 for withdrawal of cash for personal use, $1,000. 30. Issued Check No. 1041 in payment of electricity and water invoices, $690. 0. 30. Issued Check No. 1012 in payment of office and sales salaries for May, $15,800. p. 31. Journalized adjusting entries from the work sheet prepared for the fiscal year ended May 31. O'Malley Co. maintains a sales/revenue journal, a cash receipts journal, a purchases journal, a cash payments journal, and a general journal. In addition, accounts receivable and accounts payable subsidiary ledgers are used. Instructions: 1. Indicate the journal in which each of the preceding transactions, (a) through (pl, would be recorded 2. Indicate whether an account in the accounts receivable, an accounts payable, or no subsidiary ledgers would be affected for each of the preceding transactions 3. Journalice ONLY transactions (b), (c), (d), (h), and (i) in the appropriate juurrials. 1. m. n. Page 2 of 3 Words 589 HC 100 % Type here to search O EC 35F Clear 010 7:33 PM 11/27/2021