Dunst Consulting performs systems consulting and has also begun selling accounting software and uses the perpetual inventory system to account for software inventory. During January 2017, Dunst completed the following transactions:

Dunst Consulting had the following selected accounts with account numbers and normal balances:

1. Use the appropriate journal to record the transactions in a sales journal (omit the Invoice No. column), a cash receipts journal, a purchases journal, a cash payments journal (omit the Check No. column), and a general journal.

2. Total each column of the special journals. Show that total debits equal total credits in each special journal.

3. Show how postings would be made from the journals by writing the account numbers and check marks in the appropriate places in the journals. (Assume all postings are made to the applicable ledgers.)

Many thanks!!!

Completed a consulting engagement and received cash of $8,900. Prepaid three months office rent, $3,600. Purchased 100 units software inventory on account from Maldon Co., $2,125, plus freight in, $75. Sold 40 software units on account to Jason Nathanson, $3,600 (cost $880). Consulted with a client, Leo Folder, for a fee of $1,200 on account. (Use general journal.) Paid employee salaries, $900, which includes accrued salaries from December of $300 Paid Maldon Co. on account, $2,200. There was no discount. Purchased 170 units software inventory on account from Warren Co., $4,250. Jan. 2 2 7 18 19 20 21 22 24 Received bill and paid utilities, $260. 28 Sold 120 units software for cash, $7,800 (cost $2,820) 31 Recorded the following adjusting entries: a. Accrued salaries expense, $300 b. Depreciation on Equipment, $50; Depreciation on Furniture, $30 c. Expiration of prepaid rent, $1,200 d. Physical count of software inventory, 101 units, $2,525