During September 20X1, Interior Designs Specialty Shop, a retail store, had the transactions listed below. The general ledger accounts used to record these transactions are also provided below.

GENERAL LEDGER ACCOUNTS

101	Cash	$	16,670	Dr.		451	Sales returns and allowances
109	Notes receivable					501	Purchases
111	Accounts receivable		6,300	Dr.		502	Freight in
121	Supplies		760	Dr.		503	Purchases returns and allowances
131	Inventory		34,650	Dr.		504	Purchases discounts
201	Notes payable					611	Cash short or over
205	Accounts payable		9,670	Cr.		614	Rent expense
231	Sales tax payable					617	Salaries expense
301	Sergio Cortez, Capital		46,510	Cr.		619	Utilities expense
401	Sales

DATE				TRANSACTIONS
Sept.		1		Received a check for $1,130 from David Prater to pay his account.
		1		Issued Check 1401 for $1,670 to Sadler Floor Coverings, a creditor, in payment of Invoice 6325 dated August 3.
		2		Issued Check 1402 for $2,750 to pay the monthly rent.
		3		Sold a table on credit for $400 plus sales tax of $32 to Pam Lawrence, Sales Slip 1850.
		5		Sergio Cortez, the owner, invested an additional $16,650 cash in the business in order to expand operations.
		6		Had cash sales of $3,100 plus sales tax of $248 during the period September 16; there was a cash shortage of $20.
		6		Purchased carpeting for $4,000 from Reed Millings Company, Invoice 827, dated September 3; terms of 2/10, n/30.
		6		Issued Check 1403 for $180 to Tri-City Trucking Company to pay the freight charge on goods received from Reed Millings Company.
		8		Purchased store supplies for $410 from Rocker Company, Invoice 4204, dated September 6, net amount due in 30 days.
		8		Sold chairs on credit for $800 plus sales tax of $64 to Henry Tolliver, Sales Slip 1851.
		11		Accepted a two-month promissory note for $2,210 from Jason Williams to settle his overdue account; the note has an interest rate of 10 percent.
		11		Issued Check 1404 for $3,920 to Reed Millings Company, a creditor, in payment of Invoice 827 dated September 3 ($4,000) less a cash discount ($80).
		13		Had cash sales of $3,500 plus sales tax of $280 during the period September 813.
		14		Purchased carpeting for $4,370 plus a freight charge of $80 from Wells Products, Invoice 9453, dated September 11, net due and payable in 30 days.
		15		Collected $1,510 on account from Mesia Davis.
		17		Gave a two-month promissory note for $6,110 to McKnight Corporation, a creditor, to settle an overdue balance; the note bears interest at 10 percent.
		19		Sold a lamp on credit to Rachel Carter for $200 plus sales tax of $16, Sales Slip 1852.
		20		Had cash sales of $4,375 plus sales tax of $350 during the period September 1520; there was a cash shortage of $10.
		21		Purchased area rugs for $3,600 from Nelson Craft Products, Invoice 677, dated September 18; the terms are 2/10, n/30.
		22		Issued Check 1405 for $350 to pay the monthly utility bill.
		23		Granted an allowance to Rachel Carter for scratches on the lamp that she bought on Sales Slip 1852 of September 19; issued Credit Memorandum 151 for $81, which includes a price reduction of $75 and sales tax of $6.
		24		Received Credit Memorandum 110 for $200 from Nelson Craft Products for a damaged rug that was returned; the original purchase was made on Invoice 677 dated September 18.
		24		Robert Kent sent a check for $1,450 to pay the balance he owes.
		25		Issued Check 1406 for $3,740 to make a cash purchase of merchandise.
		26		Issued Check 1407 for $3,332 to Nelson Craft Products, a creditor, in payment of Invoice 677 of September 18 ($3,600), less a return ($200) and a cash discount ($68).
		27		Purchased hooked rugs for $3,990 plus a freight charge of $140 from Booker, Inc., Invoice 1368, dated September 23, net payable in 45 days.
		27		Had cash sales of $3,200 plus sales tax of $256 during the period September 2227.
		28		Issued Check 1408 for $1,890 to Wells Products, a creditor, in payment of Invoice 8984 dated August 30.
		29		Sold a cabinet on credit to Mesia Davis for $1,200 plus sales tax of $96, Sales Slip 1853.
		30		Had cash sales of $2,000 plus sales tax of $160 for September 2930; there was a cash overage of $10.
		30		Issued Check 1409 for $5,510 to pay the monthly salaries of the employees.

Required:

Open the general ledger accounts and enter the balances as of September 1, 20X1.

Record the transactions in a sales journal, a cash receipts journal, a purchases journal, a cash payments journal, and a general journal.

Post the entries from the general journal to the proper general ledger accounts.

Post the entries from the Other Accounts Credit section of the cash receipts journal to the proper general ledger accounts.

Post the entries from the Other Accounts Debit section of the cash payments journal to the proper general ledger accounts.

Post the column totals from the special journals to the proper general ledger accounts.

Set up an accounts receivable ledger for Interior Designs Specialty Shop. Open an account for each of the customers listed below and enter the balances as of September 1. All of these customers have terms of n/30.

Credit Customers
Name	Balance 9/01/X1
Rachel Carter
Mesia Davis	$	1,510
Robert Kent		1,450
Pam Lawrence
David Prater		1,130
Henry Tolliver
Jason Williams		2,210

Post the individual entries from the sales journal, the cash receipts journal, and the general journal to the accounts receivable subsidiary ledger.

Prepare a schedule of accounts receivable for September 30, 20X1.

Check the total of the schedule of accounts receivable against the balance of the Accounts Receivable account in the general ledger. The two amounts should be the same.

Creditors
Name	Balance 9/01/X1						Terms
Booker, Inc.							n/45
McKnight Corporation		$	6,110				1/10, n/30
Nelson Craft Products							2/10, n/30
Rocker Company							n/30
Reed Millings Company							2/10, n/30
Sadler Floor Coverings			1,670				n/30
Wells Products			1,890				n/30

Set up an accounts payable subsidiary ledger for Interior Designs Specialty Shop. Open an account for each of the creditors listed above and enter the balances as of September 1, 20X1.

Post the individual entries from the purchases journal, the cash payments journal, and the general journal to the accounts payable subsidiary ledger.

Prepare a schedule of accounts payable for September 30, 20X1.

Check the total of the schedule of accounts payable against the balance of the Accounts Payable account in the general ledger. The two amounts should be the same.

Open the general ledger accounts and enter the balances as of September 1,201. Record the transactions in a sales journal. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline GeneralLedgers & SalesJournal & CashReceipts & PurchasesJournal & CashPayments & GeneralJournal & Acct Rec & ScheduleofGeneralJournal & AcctPayAcctRec & ScheduleofLedgersAcctPay \\ \cline { 1 - 7 } & & & \end{tabular} Record the transactions in a cash receipts journal. (Negative amounts should be indicated with a minus sign.) Record the transactions in a purchases journal. Record the transactions in a cash payments journal. 1 Record the purchase of store supplies, Invoice 4204 dated September 6, net amount due in 30 days. 2 Record the receipt of a 2-month, 10\% note from Jason Williams to replace an open account. 3 Record the issuance of a 2-month, 12% note to McKnight Corp. to replace an open account. 4 Record the allowance granted for damaged lamps, Credit Memo 151, original sale made on Sales Slip 1852 on September 19. 5 Record the return of a damaged rug, Credit Memo 110, original purchase made on Invoice 677 on September 18. Note : = journal entry has been entered INTERIOR DESIGNS SPECIALTY SHOP Schedule of Accounts Receivable \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Sept. 30, 20X1 } \\ \hline Rachel Carter & \\ \hline Mesia Davis & \\ \hline Robert Kent & \\ \hline Pam Lawrence & \\ \hline David Prater & \\ \hline Henry Tolliver & $ \\ \hline Jason Williams & 0 \\ \hline Total & \\ \hline \end{tabular} Prepare a schedule of accounts payable for September 30,201. Open the general ledger accounts and enter the balances as of September 1,201. Record the transactions in a sales journal. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline GeneralLedgers & SalesJournal & CashReceipts & PurchasesJournal & CashPayments & GeneralJournal & Acct Rec & ScheduleofGeneralJournal & AcctPayAcctRec & ScheduleofLedgersAcctPay \\ \cline { 1 - 7 } & & & \end{tabular} Record the transactions in a cash receipts journal. (Negative amounts should be indicated with a minus sign.) Record the transactions in a purchases journal. Record the transactions in a cash payments journal. 1 Record the purchase of store supplies, Invoice 4204 dated September 6, net amount due in 30 days. 2 Record the receipt of a 2-month, 10\% note from Jason Williams to replace an open account. 3 Record the issuance of a 2-month, 12% note to McKnight Corp. to replace an open account. 4 Record the allowance granted for damaged lamps, Credit Memo 151, original sale made on Sales Slip 1852 on September 19. 5 Record the return of a damaged rug, Credit Memo 110, original purchase made on Invoice 677 on September 18. Note : = journal entry has been entered INTERIOR DESIGNS SPECIALTY SHOP Schedule of Accounts Receivable \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Sept. 30, 20X1 } \\ \hline Rachel Carter & \\ \hline Mesia Davis & \\ \hline Robert Kent & \\ \hline Pam Lawrence & \\ \hline David Prater & \\ \hline Henry Tolliver & $ \\ \hline Jason Williams & 0 \\ \hline Total & \\ \hline \end{tabular} Prepare a schedule of accounts payable for September 30,201