Clinton Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, n/30). March 1 Purchased $46,000 of merchandise from Perez Industries, terms 2/15, n/30. March 2 Sold merchandise on credit to Martin Company, Invoice Number 854, for $45,600 (cost is $27,000). March 3 Purchased $1,900 of office supplies on credit from Taylor Company, terms n/30. March 3 Sold merchandise on credit to Rita Griffin, Invoice Number 855, for $18,000 (cost is $10,800). March 6 Borrowed $94,000 cash from Federal Bank by signing a long-term note payable. March 9 Purchased $22,250 of office equipment on credit from Allen Supply, terms n/30. March 10 Sold merchandise on credit to Isaac Carter, Invoice Number 856, for $14,400 (cost is $8,600). March 12 Received payment from Martin Company for the March 2 sale less the discount of $912. March 13 Sent Perez Industries Check Number 416 in payment of the March 1 invoice less the discount of $920. March 13 Received payment from Rita Griffin for the March 3 sale less the discount of $360. March 14 Purchased $51,800 of merchandise from the Knight Company, terms 2/10, n/30. March 15 Issued Check Number 417 for $23,100, payee is Payroll, in payment of sales salaries expense for the first half of the month. March 15 Cash sales for the first half of the month are $42,000 (cost is $25,200). These cash sales are recorded in the cash receipts journal on March 15. March 16 Purchased $2,200 of store supplies on credit from Taylor Company, terms n/30. March 17 Returned $4,800 of unsatisfactory merchandise purchased on March 14 to Knight Company. Clinton reduces accounts payable by that amount. March 19 Returned $3,340 of office equipment purchased on March 9 to Allen Supply. Clinton reduces accounts payable by that amount. March 20 Received payment from Isaac Carter for the sale of March 10 less the discount of $288. March 23 Issued Check Number 418 to Knight Company in payment of the March 14 purchase less the March 17 return and the discount of $940. March 27 Sold merchandise on credit to Isaac Carter, Invoice Number 857, for $32,000 (cost is $19,200). March 28 Sold merchandise on credit to Rita Griffin, Invoice Number 858, for $10,800 (cost is $6,500). March 31 Issued Check Number 419 for $23,100, payee is Payroll, in payment of sales salaries expense for the last half of the month. March 31 Cash sales for the last half of the month are $37,800 (cost is $22,700). These cash sales are recorded in the cash receipts journal on March 31.

1 Requirement General Journal General Ledger Trial Balance Cash Rec Journal Cash Disb Journal Purchases Journal Sales Journal 8 Each transaction is recorded in either a special journal, or directly in the general journal. If a transaction is to be recorded in a special journal, select "Entered in special journal" in the first account field. Otherwise, prepare the general journal entry. points Skipped View transaction list eBook Journal entry worksheet Print eldi Ledger Assignment i Saved Help Save & E Chec 1 Requirement General Journal General Ledger Trial Balance Cash Rec Journal Cash Disb Journal Purchases Journal Sales Journal 8 points The trial balance is a listing of all account balances from the General Ledger as of a specific date. Click on any individual account balance to return to the General Ledger. The trial balance is only as accurate as the underlying journal entries. If the total debits do not equal the total credits, you must have a journal entry that is out of balance. If you have an abnormal ending balance (indicated with brackets in the general ledger), you should review the journal entries that affected that account to ensure that the journal entries are correct. Skipped Show less eBook Clinton Company Print Trial Balance References March 01, 2020 Account Title Debit Credit 5 21,800 54,000 Cash Accounts receivable Inventory C. Clinton, Capital Total 19,000 94.800 94.800 IS 94,800 $ Mc Saved Help Save & Exit Submit 1 Check my work Requirement General Journal General Ledger Trial Balance Cash Rec Journal Cash Disb Journal Purchases Journal Sales Journal 8 points Enter all transactions that are properly included in the Cash Receipts Journal. Skipped Date Account credited CASH RECEIPTS JOURNAL Cash Debit Sales discount Accounts Debit receivable Credit Sales Credit Other Account Credit Cost of goods sold Debit Inventory Credit eBook Print References March 31 Totals Trial Balance Cash Disb Journal > Mc Check my work 1 Requirement General Journal General Ledger Trial Balance Cash Rec Journal Casi Disb Journal Purchases Journal Sales Journal Enter all transactions that are properly included in the Cash Disbursements Journal. 8 points CASH DISBURSEMENTS JOURNAL Skipped Date Check Number Payee Account debited Other accounts Cash Credit Inventory Credit Debit Accounts payable Debit eBook Print References March 31 Totals Mc Prov 1 of 1 Next Check my work 1 - Requirement General Journal General Ledger Trial Balance Cash Rec Journal Cash Disb Journal Purchases Journal Sales Journal Enter all transactions that are properly included in the Purchases Journal. 8 points PURCHASES JOURNAL Skipped Accounts Date Account Invoice Date Terms payable Credit Inventory Debit Office supplies Debit Other accounts Debit eBook Print References March 31 Totals Mc Graw Hill Prey 1 of 1 II Next Check my work Requirement General Journal General Ledger Trial Balance Cash Rec Journal Cash Disb Journal Purchases Journal Sales Journal 8 points Enter all transactions that are properly included in the Sales Journal. Skipped SALES JOURNAL Date Account debited Invoice number Accounts receivable Debit Sales Credit Cost of goods sold Debit Inventory Credit eBook Print References March 31 Totals eldi Ledger Assignment i Saved Help Save & E Chec 1 Requirement General Journal General Ledger Trial Balance Cash Rec Journal Cash Disb Journal Purchases Journal Sales Journal 8 points The trial balance is a listing of all account balances from the General Ledger as of a specific date. Click on any individual account balance to return to the General Ledger. The trial balance is only as accurate as the underlying journal entries. If the total debits do not equal the total credits, you must have a journal entry that is out of balance. If you have an abnormal ending balance (indicated with brackets in the general ledger), you should review the journal entries that affected that account to ensure that the journal entries are correct. Skipped Show less eBook Clinton Company Print Trial Balance References March 01, 2020 Account Title Debit Credit 5 21,800 54,000 Cash Accounts receivable Inventory C. Clinton, Capital Total 19,000 94.800 94.800 IS 94,800 $ Mc Saved Help Save & Exit Submit 1 Check my work Requirement General Journal General Ledger Trial Balance Cash Rec Journal Cash Disb Journal Purchases Journal Sales Journal 8 points Enter all transactions that are properly included in the Cash Receipts Journal. Skipped Date Account credited CASH RECEIPTS JOURNAL Cash Debit Sales discount Accounts Debit receivable Credit Sales Credit Other Account Credit Cost of goods sold Debit Inventory Credit eBook Print References March 31 Totals Trial Balance Cash Disb Journal > Mc Check my work 1 Requirement General Journal General Ledger Trial Balance Cash Rec Journal Casi Disb Journal Purchases Journal Sales Journal Enter all transactions that are properly included in the Cash Disbursements Journal. 8 points CASH DISBURSEMENTS JOURNAL Skipped Date Check Number Payee Account debited Other accounts Cash Credit Inventory Credit Debit Accounts payable Debit eBook Print References March 31 Totals Mc Prov 1 of 1 Next Check my work 1 - Requirement General Journal General Ledger Trial Balance Cash Rec Journal Cash Disb Journal Purchases Journal Sales Journal Enter all transactions that are properly included in the Purchases Journal. 8 points PURCHASES JOURNAL Skipped Accounts Date Account Invoice Date Terms payable Credit Inventory Debit Office supplies Debit Other accounts Debit eBook Print References March 31 Totals Mc Graw Hill Prey 1 of 1 II Next Check my work Requirement General Journal General Ledger Trial Balance Cash Rec Journal Cash Disb Journal Purchases Journal Sales Journal 8 points Enter all transactions that are properly included in the Sales Journal. Skipped SALES JOURNAL Date Account debited Invoice number Accounts receivable Debit Sales Credit Cost of goods sold Debit Inventory Credit eBook Print References March 31 Totals