Current Attempt in Progress Presented below are selected accounts from the chart of accounts of Crane Company. The cost of all merchandise sold was 60% of the sales price. During January. Crane completed the following transactions. Jan. Purchased merchandise on account from Gallagher Co. $10,500. 3 4 Purchased supplies for cash $80. 4. Sold merchandise on account to Whecler $5,670, invoice no. 371 , terms 1/10,n/30. 5 Returned $300 worth of damaged goods purchased on account from Gallagher Co. on January 3. 6 Made cash sales for the week totaling $3,800. 8. Purchasedmerchandise on account from PheslevCo 55000 9. Sold merchandise on account to Linton Corp. $5,300, invoice no. 372 , terms 1/10,n/30. 11 Purchased merchandise on account from Cora Co, $3,650. 13 Paid in full Gallagher Co. on account less a 2% discount. 13 Made cash sales for the week totaling $5,970. 15 Received paynent from Linton Corp. for invoice no. 372. 15 Paid semi-monthly salaries of $13,000 to employees. 17 Received payment from Wheeler for invoice no. 371. 17 Sold merchandise on account to Delaney Co. $2,880, invoice no. 373 , term 1/10,n/30. 19 Purchased equipment on account from Dozier Corp. $5,770. 20 Cash sales for the week totaled $3,740. 20 Paid in full Phegley Co. on account less a 2% discount. 23 Purchased merchandise on account from Gallagher Co. $7,030. 24 Purchased merchandise on account from Atchison Corp. \$5,440. 27 Made cash sales for the week totaling $4,620. 30 Received payment from Delaney Co, for invoice no. 373. 31 Paid semi-monthly salaries of $13,190 to employees. 31 Sold merchandise on account to Wheeler $9,310, invoice no. 374 , terms 1/10,n/30. Using the selected accounts provided: Record and post the January transactions in the appropriate journal noted. Foot and cross-foot all special journals. (Record entries in the order displayed in the problem statement.) Current Attempt in Progress Presented below are selected accounts from the chart of accounts of Crane Company. The cost of all merchandise sold was 60% of the sales price. During January. Crane completed the following transactions. Jan. Purchased merchandise on account from Gallagher Co. $10,500. 3 4 Purchased supplies for cash $80. 4. Sold merchandise on account to Whecler $5,670, invoice no. 371 , terms 1/10,n/30. 5 Returned $300 worth of damaged goods purchased on account from Gallagher Co. on January 3. 6 Made cash sales for the week totaling $3,800. 8. Purchasedmerchandise on account from PheslevCo 55000 9. Sold merchandise on account to Linton Corp. $5,300, invoice no. 372 , terms 1/10,n/30. 11 Purchased merchandise on account from Cora Co, $3,650. 13 Paid in full Gallagher Co. on account less a 2% discount. 13 Made cash sales for the week totaling $5,970. 15 Received paynent from Linton Corp. for invoice no. 372. 15 Paid semi-monthly salaries of $13,000 to employees. 17 Received payment from Wheeler for invoice no. 371. 17 Sold merchandise on account to Delaney Co. $2,880, invoice no. 373 , term 1/10,n/30. 19 Purchased equipment on account from Dozier Corp. $5,770. 20 Cash sales for the week totaled $3,740. 20 Paid in full Phegley Co. on account less a 2% discount. 23 Purchased merchandise on account from Gallagher Co. $7,030. 24 Purchased merchandise on account from Atchison Corp. \$5,440. 27 Made cash sales for the week totaling $4,620. 30 Received payment from Delaney Co, for invoice no. 373. 31 Paid semi-monthly salaries of $13,190 to employees. 31 Sold merchandise on account to Wheeler $9,310, invoice no. 374 , terms 1/10,n/30. Using the selected accounts provided: Record and post the January transactions in the appropriate journal noted. Foot and cross-foot all special journals. (Record entries in the order displayed in the problem statement.)
