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Could you please help me journalize these transactions. Thank you Name: Date: PAULA'S BOUTIQUE This Mini Practice Set aids in putting the pieces of recording

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedCould you please help me journalize these transactions. Thank you

Name: Date: PAULA'S BOUTIQUE This Mini Practice Set aids in putting the pieces of recording transactions for a merchandising company together. In this project you are the bookkeeper and have the responsibility of journalizing sales, sales returns, purchases, purchase returns, cash receipts, and cash payments, as well as posting and recording to the appropriate ledger accounts, and preparing a trial balance on the first two columns of a ten-column worksheet. The following is the Chart of Accounts for Paula's Boutique: PAULA'S BOUTIQUE CHART OF ACCOUNTS Assets 110 Cash 111 Petty Cash 112 Accounts Receivable 114 Merchandise Inventory 116 Prepaid Rent 120 Delivery Truck 121 Accumulated Depreciation, Truck Revenue 410 Sales 411 Sales Returns and Allowances 414 Sales Discount 416 Rental Income Cost of Goods Sold 510 Purchases 512 Purchase Returns and Allowances 514 Purchase Discount Liabilities 210 Accounts Payable 211 State Sales Tax Payable Owner's Equity 310 Paula Miller, Capital 311 Paula Miller, Withdrawals 330 Income Summary Expenses 610 Cleaning Expense 611 Depreciation Expense, Truck 612 Rent Expense 613 Postage Expense 614 Delivery Expense 615 Miscellaneous Expense The post-closing trial balance for February 28, 2012, appears on the next page. The balances in the subsidiary ledgers as of February 28, 2012 appear on the next page. All terms of sale are 2/10, 1/30. There is a 10% sales tax on all sales. Debit memo Accounts payable (venctor) redit memo- Accounts Receivable (customer) 13 Purchased merchandise from Jones Company on account, $17,700, terms 1/15, 1/60, invoice no. JC 181, dated March 11. Returned merchandise to Jones Company costing $3,400; Paula's Boutique issued debit memo 18 to Jones Company. Paid $12 from the petty cash fund for delivery expense, voucher no. 22. Received payment from Ronald Company for invoice no. 52. Sold $51,000 Merchandise for cash plus tax. Paid State Sales Tax owed from February sales, check no. 112. Paula Miller withdrew $175 for her own personal expenses, check no. 113. Sold merchandise to Bing Company on account, $5,500 plus tax, invoice no. 54, terms 2/10, 1/30. Received payment from Ronald Company for invoice no. 51. Purchased delivery truck on account from Moe's Garage, $29,700, invoice no. 818, dated March 20 with no terms. Sold merchandise to Ronald Company on account, $5,600 plus tax, invoice no. 55, terms 2/10, n/30. Paid Jones Company the balance owed, check no. 114. Sold merchandise to Bing Company on account, $2,800 plus tax, invoice no. 56, terms 2/10, n/30. Purchased merchandise for $1,800, check no. 115. Paid $5 postage from the petty cash fund, voucher no. 23. Ronald Company paid invoice no. 55, dated March 22. Bing Company paid invoice no. 54 dated March 16. 29 Purchased merchandise from Blew Company on account, $10,620, terms 2/10, n/30, invoice no. BC1182, dated March 27. 30 Sold merchandise to Blew Company on account, $18,900 plus tax, invoice no. 57, terms 2/10, n/30. 31 Purchased merchandise from Morris Company on account, $15,600, terms 2/10, n/30, invoice no. 1136, dated March 29. 31 Issued check no. 116 to replenish to the same level the petty cash fund

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