CP7-2 (Periodic Inventory) McBride 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 GENERAL LEDGER Account January 1 Number Account Title Opening Balance Cash $33,750 112 Accounts Receivable 13,000 Notes Receivable 39,000 20 Inventory 20,000 26 Supplies 1,000 130 Prepaid Insurance 2,000 57 Equipment 158 Accumulated Depreciation Equip. 201 Accounts Payable 35,000 30 Owner's Capital 78,700 Schedule of Accounts Receivable Schedule of Accounts Payable (from accounts receivable subsidiary ledger) (from accounts payable subsidiary ledger) January 1 January 1 opening opening Customer Creditor Balance Balance R. Kotsay $1,500 S. Otero 9,000 B. Boxberger 7,500 R. Rasmus 15,000 S. Andrus 4,000 D. Baroni 11,000 In addition, the following transactions have not been joumalized for January 2017. Jan. 3 Sell merchandise on account to B. Berg S3.600, invoice no. 510, and J. Lutz $1.800, invoice no. 5 5 Purchase merchandise on account from S. Colt $5,000 and D. Kahn $2,700 7 Receive checks for $4,000 from Andrus and $2,000 from B. Boxberger 8 Pay freight on merchandise purchased $180. 9 Send checks to S. Otero for $9,000 and D. Baroni for $11,000. Issue credit of $300 to J. Lutz for merc handise returned. 10 Cash sales from January 1 to January 10 total $15,500. Make one joumal entry for these sales. 11 Sell merchandise on account to R. Kotsay for $2,900, invoice no. 512, and to S. Andrus $900, invoice no. 513. Post all entries to the subsidiary ledgers. 12 Pay rent of $1,000 for January 13 Receive payment in full from B. Berg and J. Lutz. 15 Withdraw $800 cash by L McBride for personal use, 16 Purchase merchandise on account from D. Baroni for $12,000, from s. Otero for $13,900, and from S. Colt for $1,500. 17 Pay $400 cash for supplies. Return $200 of merchandise to S. Otero and receive credi 20 Cash sales from January 11 to January 20 total $17,500. Make one joumal entry for these sales. 21 Issue $15,000 note to R. Rasmus in payment of balance due. 21 Receive payment in full from S. Andrus. Post all entries to the subsidiary ledgers. 22 Sell merchandise on account to B. Berg for $3.700, invoice no. 514, and to R. Kotsay for $800, invoice no. 515 23 Send checks to D. Baroni and S. Otero in full payment. 25 Sell merchandise on account to B. Boxberger for $3,500, invoice no. 516, and to J. Lutz for $6,100, invoice no. 517