Adding for reference:

Sandhill Co. uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger. Balances related to both the general ledger and the subsidiary ledgers for Sandhill are indicated in the working papers presented below. Also following are a series of transactions for Sandhill Co. for the month of January. Credit sales terms are 2/10, n/30. The cost of all merchandise sold was 60% of the sales price. GENERAL LEDGER Account January 1 Number Account Title Opening Balance 101 Cash $32.250 112 Accounts Receivable 12.300 115 Notes Receivable 39.000 120 Inventory 20,000 126 Supplies 1,700 130 Prepaid Insurance 1,500 157 Equipment 6.900 158 Accumulated Depreciation-Equip. 1,600 201 Accounts Payable 34.000 301 Owner's Capital 78,050 Schedule of Accounts Receivable (from accounts receivable subsidiary ledger) January 1 Customer Opening Balance R. Beltre $1,700 B. Santos 7,500 5. Mahay 3,100 Schedule of Accounts Payable (from accounts payable subsidiary ledger January 1 Customer Opening Balance S. Meek $9.000 R. Moses 18,000 D. Saito 7,000Jan. 3 Sell merchandise on account to B. Corpas $3,300, invoice no. 510, and to J. Revere $1,700, invoice no. 511. 5 Purchase merchandise from S. Gamel $6.000 and D. Posey $3,000, terms n/30. 7 Receive checks from S. Mahay $3.100 and B. Santos $2,000 after discount period has lapsed. 8 Pay freight on merchandise purchased $220. 9 Send checks to S. Meek for $9,000 less 2%% cash discount, and to D. Seito for $7.000 less 1% cash discount. 9 Issue credit of $300 to J. Revere for merchandise returned. 10 Daily cash sales from January 1 to January 10 total $17,000. Make one journal entry for these sales. 11 Sell merchandise on account to R. Beltre $1,600. invoice no. 512, and to S. Mahay $900, invoice no. 513. 12 Pay rent of $2,000 for January. 13 Receive payment in full from B. Corpas and J. Revere less cash discounts. 15 Withdraw $800 cash by M. Sandhill for personal use. 15 Post all entries to the subsidiary ledgers. 16 Purchase merchandise from D. Saito $15,000, terms 1/10, n/30; 5. Meek $14.600, terms 2/10, n/30; and 5. Gamel $2,000, terms n/30. 17 Pay $700 cash for office supplies. 18 Return $400 of merchandise to S. Meek and receive credit. 20 Daily cash sales from January 11 to January 20 total $21,600. Make one journal entry for these sales. 21 Issue $18,000 note, maturing in 90 days, to R. Moses in payment of balance due. 21 Receive payment in full from S. Mahay less cash discount. 22 Sell merchandise on account to B. Corpes $2,500, invoice no. 514, and to R. Beltre $2,100, invoice no. 515. 22 Post all entries to the subsidiary ledgers. 23 Send checks to D. Saito and S. Meek for full payment less cash discounts. 25 Sell merchandise on account to B. Santos $3,500, invoice no. 516, and to J. Revere $6,000, invoice no. 517. 27 Purchase merchandise from D. Saito $14,200, terms 1/10, n/30; D. Posey $3,400, terms n/30; and S. Gamel $5,400, terms n/30. 27 Post all entries to the subsidiary ledgers. 28 Pay $200 cash for office supplies. 31 Daily cash sales from January 21 to January 31 total $22,200. Make one journal entry for these sales. 31 Pay sales salaries $4,600 and office salaries $3,400.Record the January transactions in a sales journal. (Post entries in the order presented in the problem statement.) Sales Journal 51 Account Receivable Dr. Cost of Good Sold Dr. Date Account Debited Invoice No. Ref. Sales Revenue Cr. Inventory Cr. Jan. 3 B. Corpas 510 3300 1980 Jan. 3 J. Revere 511 1700 1020 Jan. 11 R. Beltre 512 1600 960 Jan. 11 S. Mahay 513 900 540 Jan. 22 B. Corpas 514 2500 1500 Jan. 22 R. Beltre 515 2100 1260 Jan. 25 B. Santos 516 3500 2100 Jan. 25 J. Revere 517 6000 3600 21600 12960Record the January transactions in a single-column purchases journal. (Post entries in the order presented in the problem statement.) Purchases Journal P1 Date Inventory Dr. Account Credited Terms Ref. Accounts Payable Cr. Jan. 5 5. Gamel n/30 6000 Jan. 5 D. Posey n/30 3000 Jan. 16 V D. Salto 1/10. n/30 15000 Jan. 16 v S. Meek 2/10, n/30 V 14600 Jan. 16 5. Gamel n/30 2000 Jan. 27 D. Salto 1/10. n/30 14200 Jan. 27 D. Posey n/30 3400 Jan. 27 S. Gamel n/30 5400 63600Record the January transactions in a cash receipts journal. (Post entries in the order presented in the problem statement. Select "Not Applicable" in Account Credited column, if no customer is selected.) Cash Receipts Journal CR1 Sales Sales Date Other Cash Discounts Revenue Account Credited Accounts Ref. Dr. Cost of Good Sold Dr. Dr. Account Receivable Cr. Cr Cr. Inventory Cr. Jan. 7 5. Mahay 3100 3100 Jan. 7 B. Santos 2000 2000 Jan. 10 Not Applicable 17000 i 17000 10200 Jan. 13 B. Corpas 3234 65 3300 1 Jan. 13 J. Revere 1372 28 1400 1 Jan. 20 Not Applicable 21600 i 21600 12960 Jan. 21 5. Mahay 882 18 900 Jan. 31 Not Applicable 22200 22200 13320 71388 112 10700 50800 36480Record the January transactions in a cash payments journal. (Post entries in the order presented in the problem statement. Select "Not Applicable" in Account Debited column, if no customer is selected.) Cash Payments Journal CP1 Other Accounts Accounts Payable Supplies Inventory Cash Date Account Debited Ref. Dr. Dr. Dr. Cr. Cr. Jan. 8 Inventory 120 220 1 1 220 Jan. 9 D. Salto 1 7,000 70 5,930 Jan. 9 5. Meek i 9,000 180 8,820 Jan. 12 Rent Expense 729 2,000 2,000 Jan. 15 v Owner's Drawings 306 800 800 Jan. 17 Not Applicable 700 700 Jan. 23 V D. Salto 15,000 150 14,850 Jan. 23 5. Meek 14,200 284 13,916 Jan. 28 Not Applicable 200 1 200 Jan. 31 Salaries and Wages Expense v 627 8,000 i i 1 8,000 11,020 45,200 900 684 56,436Record the January transactions in a two-column general journal. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit Jan. 9 Sales Returns and Allowances 300 Accounts Receivable 300 (Issued credit for merchandise returned.) Jan. 9 v Inventory 180 Cost of Goods Sold 180 (Cost of merchandise returned.) Jan. 18 v Accounts Payable 400 Inventory 400 (Received credit for returned goods.) Jan. 21 v Accounts Payable 18000 Notes Payable 18000 (Payment of balance due.)Prepare a trial balance at January 31, 2022, in the trial balance columns of the worksheet. Complete the worksheet using the following additional information. 1. Office supplies at January 31 total $900. 2. Insurance coverage expires on October 31, 2022. 3. Annual depreciation on the equipment is $1,500. 4. Interest of $50 has accrued on the note payable.SANDHILLCOMPANY Worksheet For the Month Ended January 3d January 31, 2022 Trial Balance Adjustments Adjusted Income rial Balance Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr Dr. Dr. Er. Cash 47202 47202 47202 Accounts Receivable 22300 22900 22900 Notes Receivable 39000 39000 39000 Inventory 33476 33476 33476 Supplies Prepaid Insurance Equipment Accum. Depreciation-Equipment 125 Notes Payable Accounts Payable Owner's Capital 78050 78050 Owner's Drawings Sales Revenue 82400 82400 Sales Returns and Allowances Sales Discounts Cost of Goods Sold 49260 Salaries and Wages Expense Rent Expense 2000 2000 Totals 214050 214050 Interest Payable Supplies Expense 1700 1700 1700 Insurance Expense 150 150 150 Depreciation Expense 125 Interest Expense Totals 2025 2028 214225 214225 61697 82400 152528 131825 Net Income 20703 20703 Totals 82400 82400 152528 152528CO. Income Statement For the Month Ended January 31, 2022 V Sales Sales Revenues 89800 Less Sales Returns and Allowances V 300 v 89500 Net Sales Revenue 89500 Cost of Goods Sold 53700 Gross Profit/ (Loss) Operating Expenses Rent Expense 2000 Salaries and Wages Expense 8000 Supplies Expense 800 Insurance Expense Depreciation Expense Total Operating Expenses 10800 Income From Operations 42900 Net Income/ (Loss) $ 42850Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Cash Cost of Goods Sold Depreciation Expense Equipment Freight-In Income Summary Insurance Expense Interest Expense Interest Payable Inventory Notes Payable Notes Receivable Owner's Capital Owner's Drawings Prepaid Insurance Prepaid Rent Purchase Returns and Allowances Purchases Rent Expense Salaries and Wages Expense Sales Discounts Sales Returns and Allowances Sales Revenue Supplies Supplies Expense