1. What are the entries, if any, and in what journal(s) and/or ledgers are the recorded in for each of the following scenarios. (General journal, sales journal, Cash Receipts journal, Purchases journal, cash disbursements journal, payroll journal, accounts payable subsidiary ledger, accounts receivable subsidiary ledger, employee earnings subsidiary ledger, fixed asset subsidiary ledger, cash receipts prelist).

a. December 16 Received customer purchase from Rosemont University, approved their credit and shipped the goods. All goods ordered were shipped, except that only 45 shoulder pad sets were available for shipment.

Carrier & number: Allied Trucking; Carrier number 2154 Freight charges: FOB shipping point (will be paid by Rosemont) Route: Express Truck & driver: Truck 2961XZ, John Arens Freight rate: $37.00 per 100 lbs. Shipment: 5 cartons/goal and rim sets @ 42 lbs./carton 2 cartons/backboards @123 lbs./carton 9 cartons/shoulder pad sets @ 30 lbs./carton 4 cartons/football helmets @ 32 lbs/carton

b. December 16 Received an email notification from First American Bank and Trust for an ACH payment from Branch College. ACH payment received was $1,622.88 for payment in full of charge sale invoice. Payment included 2% discount for paying w/in 10 days c. December 16 Ordered the following inventory on account from Velocity Sporting Goods, using purchase order. Freight Charges FOB shipping point.

Item Units cost selling price

a 115 94 135

b 125 26 39

c 75 25 35

d 50 10 15

e 100 89 132

d. December 19 Received office supplies from Chicago office supply as listed below, vender invoice received with the goods. All supplies ordered were received in good condition, invoice was not paid.

Item Units price extended price shipment tax freight charge

A 5 124.75 623.75 783.25 47 0

B 4 19.25 77

C 5 16.50 82.5

invoice total 830.25

e. December 19 Borrowed 90,000 from First American Bank and Trust by issuing a two-year note payable with a stated annual interest rate of 5.5%. Received an email notification from the bank that the 90,000 proceeds were electronically deposited into Checking account. Reviewed the terms and conditions of the note and signed it as the borrower.