Baomberg Book Store opened its doors for business on May 1. During May, the following transactions tock piace: ay 1 Linda Bromberg started the business by depositing $42,000 in the new com- pany's bank account. s issued check no. Coo1 to Lomax Rentals for one month's rent, 51,000. gc, $15,680, invoice dated Received a shipment of books from Osgood 4 ,, May 3, terms 5/10,n/60, FOB shippin Received a bill for freight from Linden Shippers for previous day's shipment $790, terms n/30 6 Received a shipment from Forrest Books, $11,300, invoice dated May 6, terms 2/10, n/30, FOB shipping point 7 Issued check no. C002 to Pappas Freight for transportation charges on previous day's shipment, $574. May 8 Issued check no. C003 to Yoo Equipment Company for store equipment $10,400 564, terms 5/10, n/30, invoice no. 1001 Sold books t c., for credit $760 radio commerials, $470 10 Returned books 11 Issued check no. 12 Issued check no.,C005 to Osgood Books, Inc., for balance of amount owed less discount. Cash sales for the first two weeks, $4,018. (To shorten this problem, cash sales 13 are recorded at intervals instead of daily, as they would be in actual practice.) Issued check no. C006 to Forrest Books, $6,000 less discount. 14 15 Signed a 90-day, 10 percent note for a bank loan and received the $20,000 in 15 Sold books to Yosh Kawano, $260, terms n/30, invoice no. 1002. 16 Issued a credit memorandurm to Horizon Center for returned book $124 17 Received payment in full from Horizon Center for balance owed less Sold books to Ruth Mayhew, $194, terms n/30, invoice no. 1003 Received a shipment from Patton Publishing Company, $4,604, invoice dated May 18, terms 5/10, n/60 Returned additional books purchased on May 4 to Osgood Books, Inc., for cred it at gross price, $1,436 Sold books to Horizon Center, $1,634, terms 5/10, n/30, invoice no. 1004 18 19 20 21 23 Received a shipment from Osgood Books, Inc, $2,374, invoice dated May 19, terms 5/10, n/60, FOB shipping point. 24 Issued check no. C007 to Linden Shippers for balance owed on account plus shipping charges of $194 on previous day's shipment. Cash sales for the second two weeks, $7,488 Issued check no. C008 to Payroll Account for sales salaries for first four weeks of the month, $1,400 Cash sales for the last four days of the month, $554. 27 29 31 1. Prepare a sales journal, a multicolumn purchases journal, a cash receipts journal, a cash payments journal, and a general journal. Use Page 1 for all journal references. Baomberg Book Store opened its doors for business on May 1. During May, the following transactions tock piace: ay 1 Linda Bromberg started the business by depositing $42,000 in the new com- pany's bank account. s issued check no. Coo1 to Lomax Rentals for one month's rent, 51,000. gc, $15,680, invoice dated Received a shipment of books from Osgood 4 ,, May 3, terms 5/10,n/60, FOB shippin Received a bill for freight from Linden Shippers for previous day's shipment $790, terms n/30 6 Received a shipment from Forrest Books, $11,300, invoice dated May 6, terms 2/10, n/30, FOB shipping point 7 Issued check no. C002 to Pappas Freight for transportation charges on previous day's shipment, $574. May 8 Issued check no. C003 to Yoo Equipment Company for store equipment $10,400 564, terms 5/10, n/30, invoice no. 1001 Sold books t c., for credit $760 radio commerials, $470 10 Returned books 11 Issued check no. 12 Issued check no.,C005 to Osgood Books, Inc., for balance of amount owed less discount. Cash sales for the first two weeks, $4,018. (To shorten this problem, cash sales 13 are recorded at intervals instead of daily, as they would be in actual practice.) Issued check no. C006 to Forrest Books, $6,000 less discount. 14 15 Signed a 90-day, 10 percent note for a bank loan and received the $20,000 in 15 Sold books to Yosh Kawano, $260, terms n/30, invoice no. 1002. 16 Issued a credit memorandurm to Horizon Center for returned book $124 17 Received payment in full from Horizon Center for balance owed less Sold books to Ruth Mayhew, $194, terms n/30, invoice no. 1003 Received a shipment from Patton Publishing Company, $4,604, invoice dated May 18, terms 5/10, n/60 Returned additional books purchased on May 4 to Osgood Books, Inc., for cred it at gross price, $1,436 Sold books to Horizon Center, $1,634, terms 5/10, n/30, invoice no. 1004 18 19 20 21 23 Received a shipment from Osgood Books, Inc, $2,374, invoice dated May 19, terms 5/10, n/60, FOB shipping point. 24 Issued check no. C007 to Linden Shippers for balance owed on account plus shipping charges of $194 on previous day's shipment. Cash sales for the second two weeks, $7,488 Issued check no. C008 to Payroll Account for sales salaries for first four weeks of the month, $1,400 Cash sales for the last four days of the month, $554. 27 29 31 1. Prepare a sales journal, a multicolumn purchases journal, a cash receipts journal, a cash payments journal, and a general journal. Use Page 1 for all journal references