Help, thank you very much in advance
detail on what specifically?
P7-25A (similar to) Tutoring Question Help The general ledger of Sparkling Lake Golf Shop includes the following selected accounts, along with their account numbers: (Click on the icon to view the accounts.) Transactions in December that affected purchases and cash payments follow. (Click on the icon to view the transactions.) Read the requirements. Requirements 1, 2, 3. Sparkling Lake Golf Shop records purchase returns in the general journal. Use the appropriate journal to record the transactions in a purchases journal, a cash payments journal (omit the Check No. column), and a general journal. The company uses the perpetual inventory system. Total each column of the special journals. Show that total debits equal total credits in each special journal. Show how postings would be made from the journals by writing the account numbers and check marks in the appropriate places in the journals. Begin with the purchases journal. Enter the transactions and total the journal. (If a box is not used in the journal leave the box empty; do not select information and do not enter a zero. Enter "X" if the column total is not posted. Abbreviation used: Supp. = Supplies Assume all postings are made to the applicable ledgers.) Purchases Journal Page 1 The general ledger of Circus Lake Golf Shop includes the following selected accounts, along with their account numbers: 2 (Click on the icon to view the accounts.) Transactions in December that affected purchases and cash payments follow. A (Click on the icon to view the transactions.) Read the requirements Requirements 1, 2, 3. Circus Lake Golf Shop records purchase returns in the general journal. Use the appropriate journal to record the transactions in a purchases journal, a cash payments joumal (omit the Check No. column), and a general journal. The company uses the perpetual inventory system. Total each column of the special joumals. Show that total debits equal total credits in each special journal. Show how postings would be made from the journals by writing the account numbers and check marks in the appropriate places in the journals. Begin with the purchases joumal. Enter the transactions and total the journal. (If a box is not used in the joumal leave the box empty; do not select information and do not enter a zero. Enter "X" if the column total is not posted. Abbreviation used: Supp. = Supplies Assume all postings are made to the applicable ledgers.) Purchases Journal Page 1 Other Accounts DR Vendor Post Accounts Merchandise Office Account Post Date Account Credited Terms Ref. Payable CR Inventory DR Supp. DR Title Amount Ref. Dec. III MI MU Dec. 31 Totals Number Account Number Account 111 Cash 181 Equipment Accounts Payable 131 Merchandise Inventory 211 161 Prepaid Insurance 564 Rent Expense Utilities Expense 171 Office Supplies 583 Dec. 2 Dec. 3 Dec. 5 Dec. 8 Purchased merchandise inventory on credit from Trevor, $4,200. Terms were 3/10 n/30. Paid monthly rent, debiting Rent Expense for $2,000. Purchased office supplies on credit terms of 3/10 n/30 from Rigby Supply, $400. Received and paid electricity utility bill, $540. Purchased equipment on account from A Plus Equipment, $5,900. Payment terms were n/30. Returned the equipment to A Plus Equipment. It was damaged. Paid Trevor the amount owed on the purchase of December 2. Purchased merchandise inventory on account from Callahan Golf, $4,300. Terms were 1/10 n/30. Dec. 9 Dec. 10 Dec. 11 Dec. 12 Dec. 13 Dec. 14 Dec. 16 Dec. 18 Dec. 21 Purchased merchandise inventory for cash, $680. Paid a semiannual insurance premium, debiting Prepaid Insurance, $1,900. Paid its account payable to Rigby Supply, from December 5. Received and paid gas and water utility bills, $300. Purchased merchandise inventory on credit terms of 3/10, n/45 from Darling, Inc., $4,000. Paid its account payable to Callahan Golf from December 12. Purchased office supplies on account from Office World, Inc., $800. Terms were n/30. Returned to Darling, Inc. $1,600 of the merchandise inventory purchased on December 21. Paid Darling, Inc. the net amount owed from December 21, less the return on December 26. Dec. 21 Dec. 22 Dec. 26 Dec. 31
