Hello....I could really use some help on the 12 page Accounting Question. This is only 2 parts of MANY. Please fill in the answers in a table or some format that I, as a non-accounting major, will understand. Thank you so much!

Accounting Cycle Review 7-01 a1-f2

Sunland Co. 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 Sunland are indicated in the working papers. Presented below are a series of transactions for Sunland Co. for the month of January. Credit sales terms are 2/10, n/30. The cost of all merchandise sold was 60% of the sales price.

GENERAL LEDGER

papers. Presented below are a series of transactions for Sunland Co. for the mo GENERAL LEDGER Account Number 101 112 115 120 126 Account Title Cash Accounts Receivable Notes Receivable Inventory Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equip. Accounts Payable Owner's Capital January 1 Opening Balance $34,250 13,300 41,000 15,000 1,000 1,500 7,350 1,600 35,500 76,300 130 157 158 201 Schedule of Accounts Receivable (from accounts receivable subsidiary ledger) January 1 Customer Opening Balance R. Beltre $1,700 B. Santos 7,500 S. Mahay 4,100 Schedule of Accounts Payable (from accounts payable subsidiary ledger) January 1 Customer Opening Balance S. Meek $8,500 R. Moses 17,000 D. Saito 10,000 10,000 3 5 7 8 9 10 11 13 15 15 16 17 Sell merchandise on account to B. Corpas $3,700, invoice no. 510, and to I. Revere $1,500, invoice no. 511. Purchase merchandise from S. Gamel $5,000 and D. Posey $2,500, terms 1/30. Receive checks from S. Mahay $4,100 and B. Santos $2.000 after discount period has lapsed. Pay freight on merchandise purchased $230. Send checks to S. Meek for $3,500 less 2% cash discount, and to D. Saito for $10,000 less 1% cash discount. Issue credit of $300 to ). Revere for merchandise returned. Daily cash sales from January 1 to January 10 total $15,500. Make one journal entry for these sales. Sell merchandise on account to R. Beltre $1,200, invoice no. 512, and to S. Mahay $900, invoice no. 513. Pay rent of $1,400 for January. Recerve payment in full from B. Corpas and J. Revere less cash discounts. Withdraw $800 cash by M. Sunland for personal use. Post all entries to the subsidiary ledgers. Purchase merchandise from D. Saito $15,000, terms 1/10, n/30; S. Meek $14,600, terms 2/10, n/30; and S. Gamel $1,500, terms 1/30. Pay $800 cash for office supplies. Return $400 of merchandise to S. Meek and receive credit. Daily cash sales from January 11 to January 20 total $20,100. Make one journal entry for these sales. Issue $17,000 note, maturing in 90 days, to R. Moses in payment of balance due. Receive payment in full from S. Mahay less cash discount. Sell merchandise on account to B. Corpas $2,700, invoice no. 514, and to R. Beltre $2,100, invoice no. 515. Post all entries to the subsidiary ledgers. Send checks to D. Sa to and S. Meek in full payment less cash discounts. Sell merchandise on account to B. Santos $4,000, invoice no. 516, and to ). Revere $6,900, invoice no. 517. Purchase merchandise from D. Saito $14,100, terms 1/10, 1/30; D. Posey $3,500, terms n/30; and S. Gamel $5,100, terms n/30. Post all entries to the subsidiary ledgers. Pay $200 cash for office supplies. Daily cash sales from January 21 to January 31 total $23,100. Make one journal entry for these sales. Pay sales salaries $4,400 and office salaries $3,000. 20 21 22 22 23 27 28 31 x Your answer is incorrect. Try again. Record the January transactions in a single-column purchases journal. (Post entries in the order pre Purchases Journal Date Account Credited Terms Inventory Dr. Ref. Accounts Payable Cr. an. 7 S. Mahay n/30 2200 Jan. 7 B. Santos n/30 Pan. 10 1/10, n/30 Dan. 13 B. Corpas 2/10, n/30 Jan. 13 J. Revere n/30 1620 an. 20 1/10, n/30 1260 Pan. 21 S. Mahay n/30 2400 n/30 4140 Your answer is partially correct. Try again. Record the January transactions in a cash receipts journal (Post entries in the order presented in the problem statement.) Cash Receipts Journal Sales Discounts Other Sales Revenue Gr. Accounts Cost of Good Sold Dr. Account Credited Rel. Account Receivable Gr. Dan Santo 1155oC 77005 Hans Bry Dan. 2a T12000 Toooo Dana Your answer is partially correct. Try again