fill in the blank templates please answer all boxes (: last picture is information provided !
Sales Journal S1 Account Debited Date Accounts Receiv. Dr. Sales Cr Invoice No. Ref. COGS Dr. Inventory Cr. Purchases Journal P1 Account Credited Inventory (Dr.) Acc. Pay (Cr.) Date Terms Ref. Cash Receipts Journal Account Credited Sales Discounts Dr. Accounts Receivable Cr. Cash Dr. Date Other Accounts Cr CRI COGS Dr. Inventory Cr. Sales Cr. Ref. (a) (Continued) Cash Payments Journal CP1 Account Debited Other Accounts Dr. Accounts Payable Dr. Office Supplies Dr. Merchandise Inventory Cr. Cash Cr. Date Ref. Sunshine Company uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger Balances related to both the general ledger and the subsidiary ledger for Sunshine are indicated in the working papers. Below are a series of transactions for Sunshine Co. for the month of January. Credit sales terms are 2/10,n/30. The cost of all merchandise sold was 37% of the sales price. Jan.3 Sell merchandise on account to S. Shortcake S3,100, invoice no. 506, and to H. Pie $1,800. invoice no. 507. 5 Purchase merchandise from P. Pudding S6,000 and O. Blossom $2,200, terms 1/30,- 7 Receive checks from A. Dumplint S4,000 and R. Tart S7,500 after discount period has lapsed. 8 Pay freight on merchandise purchased $250. 9 Send checks to T. Honey for $9.000 less 2% cash discount, and to L. Meringue for $11.000 less 1% cash discount 9 Issue credit of $700 to H. Pie for merchandise returned. 10 Summary daily cash sales total $15.500. 11 Sell merchandise on account to B. Muffin S1,600, invoice no, 508, and to A. Dumplin' $900. invoice no. 509. 12 Pay rent of $3,000 for January. V 13 Receive payment in full from S. Shortcake and H. Pie less cash discounts 15 Withdrawal of $900 cash by J. Apricot for personal use. 15 Post all entries to the subsidiary ledgers. 16 Purchase merchandise from L. Meringue S15,000, terms 1/10,n/30, T. Honey S14,200, terms 2/10, 1/30; and P. Pudding $1,500, terms 1/30. 17 Pay S600 cash for office supplies 18 Return 5400 of merchandise to T. Honey and receive credit, 20 Summary daily cash sales total $20,100. 21 Issue $17,000 note, maturing in 90 days, to B. Cookie in payment of balance due 21 Receive payment in full from A.Dumplin' less cash discount 22 Sell merchandise on account to S. Shortcake $2,700, invoice no. 510, and to B. Muffin $3,300, invoice no. 511. 22 Post all entries to the subsidiary ledgers. 23 Send checks to L. Meringue and T. Honey in full payment less cash discounts. 25 Sell merchandise on account to R. Tart $3,500, invoice no. 512, and to H. Pie 56,100, invoice no. 513 27 Purchase merchandise from L. Meringue S14,500, terms 1/10,n/30; O. Blossom $1,200, terms n/30; and P. Pudding S5,400, terms n/30. 27 Post all entries to the subsidiary ledgers. 28 Pay $200 cash for office supplies. 31 Summary daily cash sales total $21,300. 31 Pay salaries and wages of $9.200. (continued) Page 1 of 2
