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given the info on the first picture, can anyone help me fill these charts? Exercise 7-07 a-b (Video) R. Sheridan Co. uses special journals and

given the info on the first picture, can anyone help me fill these charts? image text in transcribed
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Exercise 7-07 a-b (Video) R. Sheridan Co. uses special journals and a general journal. The following transactions occurred during May 2020. May 1 2 3 14 16 22 R. Sheridan invested $54,000 cash in the business. Sold merchandise to Lawrie Co. for $6,560 cash. The cost of the merchandise sold was $4,120. Purchased merchandise for $7,620 from J. Moskos using check no. 101. Paid salary to H. Rivera $625 by issuing check no. 102. Sold merchandise on account to K. Stanton for $815, terms n/30. The cost of the merchandise sold was $555. A check of $9,400 is received from M. Mangini in full for involce 101; no discount given. Cash Receipts Journal Sales Discounts Accounts Receivable Cr. Sales Revenue Other Accounts Cost of Goods Sold Dr. Account Credited Dr. Cr. Cr. Inventory Cr. Date 2020 Prepare a multiple-column cash payments journal and record the transactions for May that should be journalized. (Record entries in the order presented in the problem statement.) R SHERIDANCO Cash Payments Journal Ck. No. Account Debited Ref. Other Accounts Dr. Accounts Payable Dr. Inventory Cr. Cash Cr. Date 2020

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