Can anyone please help with this problem Aii3?

APPENDIXII Accounting Information Systems Required 1. Prepare a sales journal, cash receipts journal, purchases journal, cash payments journal, and general journal like the ones illustrated in this chapter. 2. Journalize the April transactions into the appropriate journal (do not post to the subledgers or the general ledger). Problem AII-3A Special journals, subledgers-perpetual LO3 Newton Company completed these transactions during April 2023. The terms of all credit sales are 2/10,n/30. Apr. 2 Purchased merchandise on credit from Baskin Company, invoice dated April 2, terms 2/10,n/60,$12,800. 3 Sold merchandise on credit to Linda Hobart, invoice #760,$3,200. Cost, $1,900. Purchased office supplies on credit from Eau Claire Inc., \$1,340. Invoice dated April 2, terms n/10 EOM. Issued cheque \#587 to The Record for advertising expense, \$1,020. Sold merchandise on credit to Paul Abrams, invoice \#761, \$9,400. Cost, \$5,600. Received an $85 credit memo from Eau Claire Inc. for office supplies received on April 3 and returned for credit. Purchased store equipment on credit from Frank's Supply, invoice dated April 9, terms n/10 EOM, \$10,500. 11 Sold merchandise on credit to Kelly Schaefer, invoice #762,$10,000. Cost, $6,000. 12 Issued cheque #588 to Baskin Company in payment of its April 2 invoice. 13 Received payment from Linda Hobart for the April 3 sale. 13 Sold merchandise on credit to Linda Hobart, invoice #763,$5,200. Cost, \$3,100. 14 Received payment from Paul Abrams for the April 5 sale. 16 Issued cheque \#589, payable to Payroll, in payment of the sales salaries for the first half of the month, $9,500. (For simplicity, we assume one cheque.) 16 Cash sales for the first half of the month were $54,000. Cost, $32,400. Cash sales are usually recorded daily from the cash register readings. However, they are recorded only once in this problem to reduce the repetitive transactions. Required 1. Set up accounts receivable subledger accounts for Paul Abrams, Linda Hobart, and Kelly Schaefer. 2. Set up accounts payable subledger accounts for Frank's Supply, Baskin Company, and Eau Claire Inc. 3. Journalize the transactions of Newton Company into the appropriate special journal, posting to the subledgers where required. Use page 3 for all journals. Problem AII-4A Special journals, subledgers, schedules of accounts receivable and accounts payable, and trial balance-perpetual LO3 CHECK FIGURE: 5. Trial balance =$506,105 This is a continuation of Problem AII-3A. You must complete Problem AII-3A before attempting this problem. Additional transactions for April follow: Apr. 17 Purchased merchandise on credit from Sprocket Company, invoice dated April 16, terms 2/10,n/30,$12,750. 18 Borrowed $50,000 from First Bank by giving a long-term note payable. 20 Received payment from Kelly Schaefer for the April 11 sale. 20 Purchased store supplies on credit from Frank's Supply, invoice dated April 19, terms n/10 EOM, \$650. 23 Received a $400 credit memo from Sprocket Company for defective merchandise received on April 17 and retumed. 23 Received payment from Linda Hobart for the April 13 sale. 25 Purchased merchandise on credit from Baskin Company, invoice dated April 24, terms 2/10,n/60,$10,900. 26 Issued cheque #590 to Sprocket Company in payment of its April 16 invoice. 27 Sold merchandise on credit to Paul Abrams, invoice #764,$3,800. Cost, $2,300. APPENDIXII Accounting Information Systems Required 1. 27 Sold merchandise on credit to Kelly Schaefer, invoice #765,$6,200. Cost, $3,800. 30 Issued cheque \#591, payable to Payroll, in payment of the sales salaries for the last half of the month, \$9,500. (For simplicity, we assume one cheque.) 30 Cash sales for the last half of the month were $69,000. Cost, $41,400. Set up the following general ledger accounts: Cash (101); Accounts Receivable (106); Merchandise Inventory (119); Office Supplies (124); Store Supplies (125); Store Equipment (165); Accounts Payable (201); LongTerm Notes Payable (251); Jeff Newton, Capital (301); Sales (413); Sales Discounts (415); Cost of Goods Sold (502); Sales Salaries Expense (621); and Advertising Expense (655). Enter the March 31 balances of $167,000 for Cash; \$105,000 for Merchandise Inventory; \$105,000 for Jeff Newton, Capital; and \$167,000 for LongTerm Notes Payable. 2. Continuing from Problem AII-3A, journalize the remaining April transactions for Newton Company into the appropriate special journal, posting to the subledgers as required. 3. Post the items that should be posted as individual amounts from the journals. 4. Foot and crossfoot the journals and make the month-end postings. 5. Prepare a trial balance of the general ledger and prepare schedules of accounts receivable and accounts payable. Analysis Component: Assume that the sum of the account balances on the schedule of accounts receivable does not equal the balance of the controlling amount in the general ledger. Describe the steps you would go through to discover the error(s). (If the Working Papers that accompany this textbook are not being used, the forms needed to complete this problem are available on Connect.)