Example of Manual Accounting January 10. Sold merchandise on credit to Margo Edwards, Invoice no. 326, January 11. Sold merchandise on credit to Ken Duclose, Invoice no. 327, January 12, Received payment from John Nelson for the January 2 sales (The bad old days) $8,375.21 S5,554.23 less the discount check number 4444. (Example posted to cash re- The Fightin' Owls Company completed these transactions during January of the current year: ceipts journal) less the discount check number 12345 salaries for the first half of the month, S8,500.00. Cashed the check January 1, Began business by selling stock for $675,000.00. January 1, Rented office space for 1 month using check number 800 for January 13, Received payment from Thomas Zak for the January 3 sales S11,500.00 to Smithlord Properties. (Example posted to cash dis bursement journal) January 15, Issued check no. 877 payable to payroll, in payment of sales Jamuary 2, Purchased office furniture and equipment on credit from McKay Company, invoice mck6 dated January 9, terms 2/10, net 30, and paid the employees S20,499.11. (Example posted to purchases journal) January 15, Cash sales for the first half of the month were $77,341.22 January 19, Received payment from Margo Edwards for the sale of January January 20, Received merchandise and invoice F2 dated Jan 19, terms 2/10, January 27, Sold merchandise on credit to Margo Edwards, Invoice no. 328 January 28, Sold merchandise on credit to Thomas Zak, Invoice no 329, January 29 Sold merchandise on credit to Heather Terry, Invoice no 330 January 2, Sold merchandise on credit to John Nelson. Invoice No. 324 (Normally cash sales are posted daily, but for the purposes of this S7,965.37. (Terms for all credit sales are 210,n/30). (Erample problem you are going to post them all at once.) 10 less the discount check number 8888 n/30; from Farnswood Company, $113,044.44. S6.458.2 $26,544.1 S13,523.45 posted to sales journal,) January 3, Purchased on credit from Cosair Company office supplies, January 3, Received merchandise and invoice Fi dated Jan , terms 2/10 January 3, Sold merchandise on credit to Thomas Zak, Invoice no 325 January 10, Sent Farnswood Company Check no. 876 in payment of its Jan S1224.54, invoice xx12 dated January 3, due in 30 days. Supplies are expected to last for approximately 4 months. n/30; from Farnswood Company, $213,022.22 S4,666.8 uary 1 invoice less the discount