Cheyenne Company has the following opening account balances in its general and subsidiary ledgers on January 1 and uses the periodic inventory system. All accounts have normal debit and credit balances. Account Number Account Title 101 112 115 120 125 130 157 158 201 311 320 Cash General Ledger Accounts Receivable Notes Receivable Inventory Supplies. Prepaid Insurance Equipment Accumulated Depreciation-Equip. Accounts Payable Common Stock Retained Earnings January 1 Opening Balance $33,090 13,130 42,420 20,200 1,010 2,020 6,510 1,520 35,350 70,700 10,810

Cheyenne Company has the following opening account balances in its general and subsidiary ledgers on January 1 and uses the periodic inventory system. All accounts have normal debit and credit balances. SCHEDULE OF ACCOUNTS RECEIVABLE (from accounts receivable subsidiarv ledopr) Jan. Sell merchandise on account to W. Rayms $3,640, invoice no. 510 , and M. Fischer $1,820, invoice no. 511. 5 Purchase merchandise on account from K. Zapfel $3,030 and J. Liotta $2,420. 7 Receive checks for $4,040 from L. Longhini and $2,020 from M, Hall. 8. Pay freight on merchandise purchased $180. 9 Send checks to O. Kitson for $9,090 and L. Quinn for $11,110. 9 Issue credit of $240 to M. Fischer for merchandise returned. 10 Summary cash sales total $15,660. 11 Sell merchandise on account to G. Dukes for $1,920, invoice no. 512 , and to L. Longhini $910, imvoice no. 513 . Post all entries to the subsidiary ledgers. 12 Pay rent of $1,010 for January. 13 Receive payment in full from W. Rayms and M. Fischer. 15 Pay cash dividend of $660. 16 Purchase merchandise on account from L Quinn for $15,150, from O. Kitson for $14,040, and from K.Zaptel for 17 Pay $400 cash for office supplies. 18 Return $200 of merchandise to 0 . Kitson and receivecredit. Summary cash sales total $17,930. 20 Summary cash sales total $17,930. 21 Issue $15.150 note to D. Markoff in payment of balance due. 21 Receive payment in full from L. Longhini. Post all entries to the subsidiary ledgers. 22 Sell merchandise on account to W. Rayms for $3,740, invoice no, 514 , and to G. Dukes for $810, invoice no. 515 . 23. Send checks to L. Quinn and O. Kitson in full payment. 25 Sell merchandise on account to M. Hall for $3,540, invoice no. 516 , and to M. Fischer for $6,160, invoice no.517. 27 Purchase merchandise on account from L. Quinn for $12,630, from J. Liotta $1,210, and from K. Zapfel for $2.,830. 28 Pay $200 cash for otfice supplies: 31 Summary cash sales total $23,150. 31 Pay sales salaries of $4,340 and office salaries of $3,130. Record the January transactions in a cash payments journal. Cheyenne Company has the following opening account balances in its general and subsidiary ledgers on January 1 and uses the periodic inventory system. All accounts have normal debit and credit balances. SCHEDULE OF ACCOUNTS RECEIVABLE (from accounts receivable subsidiarv ledopr) Jan. Sell merchandise on account to W. Rayms $3,640, invoice no. 510 , and M. Fischer $1,820, invoice no. 511. 5 Purchase merchandise on account from K. Zapfel $3,030 and J. Liotta $2,420. 7 Receive checks for $4,040 from L. Longhini and $2,020 from M, Hall. 8. Pay freight on merchandise purchased $180. 9 Send checks to O. Kitson for $9,090 and L. Quinn for $11,110. 9 Issue credit of $240 to M. Fischer for merchandise returned. 10 Summary cash sales total $15,660. 11 Sell merchandise on account to G. Dukes for $1,920, invoice no. 512 , and to L. Longhini $910, imvoice no. 513 . Post all entries to the subsidiary ledgers. 12 Pay rent of $1,010 for January. 13 Receive payment in full from W. Rayms and M. Fischer. 15 Pay cash dividend of $660. 16 Purchase merchandise on account from L Quinn for $15,150, from O. Kitson for $14,040, and from K.Zaptel for 17 Pay $400 cash for office supplies. 18 Return $200 of merchandise to 0 . Kitson and receivecredit. Summary cash sales total $17,930. 20 Summary cash sales total $17,930. 21 Issue $15.150 note to D. Markoff in payment of balance due. 21 Receive payment in full from L. Longhini. Post all entries to the subsidiary ledgers. 22 Sell merchandise on account to W. Rayms for $3,740, invoice no, 514 , and to G. Dukes for $810, invoice no. 515 . 23. Send checks to L. Quinn and O. Kitson in full payment. 25 Sell merchandise on account to M. Hall for $3,540, invoice no. 516 , and to M. Fischer for $6,160, invoice no.517. 27 Purchase merchandise on account from L. Quinn for $12,630, from J. Liotta $1,210, and from K. Zapfel for $2.,830. 28 Pay $200 cash for otfice supplies: 31 Summary cash sales total $23,150. 31 Pay sales salaries of $4,340 and office salaries of $3,130. Record the January transactions in a cash payments journal