I need help in journalize these transactions:

Thursday, December 1, 20XX

• Received a bill (Form 2) from Hemlock Gas and Electric Co. in the amount of $137.89 on account. Make the journal entry for receipt of the bill and post to the proper G/L and subsidiary accounts.
• Received a bill (Form 3) from the Atlantic Telephone Co. in the amount of $232.64 on account. Make the journal entry for receipt of the bill and post to the proper G/L and subsidiary accounts.
• Received Check No. 268 (Form 4) in the amount of $7,580.00 for payment in full from Liya Designs. Make the journal entry for receipt of the check and post to the proper G/L and subsidiary accounts.

Friday, December 2, 20XX

• Received Check No. 1231 (Form 5) in the amount of $6,437.00 for payment in full from Yu Wei Creations. Make the journal entry for receipt of the check and post to the proper G/L and subsidiary accounts.
• Complete a deposit ticket (found in the Documents and Forms booklet), dating it December 2, 20XX, and include the checks received from Liya Designs and Yu Wei Creations. On the back of each check, to endorse the checks for deposit, you would write For Deposit Only, Account # 309921 and then take the deposit to the FCU (Federal Credit Union) where Basswood Furniture does its banking. (Naturally, since this is a simulation, you wont actually make a deposit.) Record the amount deposited in the Check Register. Total the amount in the check register.
• Verify the posting of all of the journal entries to the G/L accounts and subsidiary accounts for the week. Verify the amount on the check register is the balance in the G/L Cash account. Any discrepancies need to be corrected.

Monday, December 5, 20XX

• Wayne Shriver and Ian met today to discuss making custom dining room, living room, and bedroom sets. The contract amount is for $28,500.00 (including sales tax), to be delivered by the end of the month (December 31). Contracts are kept by Ian. Wayne gave Ian Check No. 10178 in the amount of $14,250.00 (Form 6) for the 50% down payment, with the remainder to be paid in full upon delivery. This will be Job #132 for reference purposes. The down payment will be used to cover the purchase of the materials needed. The down payment, even though its not the full amount of the sale, will be recognized as revenue with a journal entry. (If the final payment isnt received, the furniture wont be delivered and the furniture will then become merchandise inventory.)
• Note: This transaction can be difficult to figure out what journal entry(s) need to be made. The best way to think about it is two-fold. First, think about making a journal entry for the sale. Do not be concerned about the cash. Make the journal entry for the sale on account. Then make a journal entry for the receipt of the cash and apply it against the account. After the receipt of the cash, there's still a balance owed left on the account. This is why it's easier to think of this transaction by making two journal entries instead of combining them into one. This is no different than, as an example, someone buying a sweater for $100 on account. Then two weeks later that customer sends a partial payment for $30 in the mail. In thinking about the Wayne Shriver transaction, a journal entry is made for the sale on account, with the only difference being that instead of two weeks later receiving a partial payment, the "deposit" is the partial payment and is being received almost immediately instead if two weeks later in the mail.
• Received Check No. 501 (Form 7) in the amount of $200.00 for partial payment from Sam Little. Make the journal entry for receipt of the check and post to the proper G/L and subsidiary accounts.
• Billie Redmond sold one wine rack to Michaels Furniture in the total amount of $1,325.00 on account (Form 8). Make a journal entry to record the sale and make a journal entry to remove the cost of the wine rack from inventory and put it to COGS. You should also adjust the Merchandise Inventory Valuation whenever you make a journal entry that affects the Merchandise Inventory account. This acts as a check. The balance on the valuation should be the balance of the G/L account. Both should be the same balance as the inventory valuation when a physical inventory is done at the end of the accounting period.

Tuesday, December 6, 20XX

• Billie Redmond went to Tom Baker to purchase the materials needed for the Shriver furniture (Job #132). The total invoice amount for the purchase was $5,700.00 (Form 9). The purchase was made on account. Make the journal entry for the purchase of the materials to the Purchase G/L account.
• Tuesday is the day Ian likes to cut checks for payment of A/P accounts. First thing in the morning, you print out the Schedule of Accounts Payable and put it on his desk so he can decide which ones he would like to have paid. You also write on the schedule the balance thats in the checking account based on the amount in the check register. Today, Ian would like you to pay the balances in the following accounts:
• Hemlock Gas and Electric Co.
• The Home Improvement Center
• Atlantic Telephone Co.
• Two Guys Hardware
• Cheryl Wood Designs
• Beginning with Check No. 2260, write consecutive checks for each A/P account in the correct amount, adjust the check register accordingly, and place the checks on Ians desk for his signature. When he returns the checks to you, youll mark the invoices as paid and mail a copy of the invoices with the checks to the vendors. (For purposes of this project, it has been assumed that you have the invoices making up the amounts in the accounts and that theyre correct, even though you dont have the details for November 20XX.) Make the correct journal entries for payment of the accounts and post to the proper G/L and subsidiary accounts.

Wednesday, December 7, 20XX

• Ian sold one end table for cash in the total amount of $291.50 to Jack Williams (Form 10). Make a journal entry to record the sale and make a journal entry to remove the cost of the end table from inventory and move it to COGS.
• Betty Gable went to an office supplies store on her lunch break with Ians approval and purchased a printer cartridge for the office copier using her own cash. The purchase was in the total amount of $31.79. Youll reimburse her from petty cash using a Petty Cash Voucher (Form 11). Complete the voucher. (You would normally attach the receipt to the voucher and file it in the petty cash box and have Betty sign the voucher.) Record the voucher on the Petty Cash Payments Record found in the Documents and Forms booklet under the correct account.
• Received Check No. 421 (Form 12) in the amount of $860.00 for payment in full from Donna Bigelow. Make the journal entry for receipt of the check and post to the proper G/L and subsidiary accounts.

Thursday, December 8, 20XX

• Ian met with Janet Martinez. She signed a contract for a custom-built table and chair to be used in her hallway. The amount was $1176.60 (including sales tax). The furniture is to be delivered in one week. Janet paid cash in full (Form 13). This will be Job #133 for reference purposes. Make the journal entry for the sale and post to the proper G/L accounts.
• Billie placed an order with Everything Wood for the purchase of exotic wood for Janet Martinez. Everything Wood faxed a copy of the invoice for approval and acceptance (Form 14) of the invoice on account. Theyll ship the wood overnight. Make the journal entry for the receipt of the invoice and post to the proper G/L and subsidiary accounts.

Ian felt the need for a better air ventilation/dust collection system. He went over to Rocker Woodcraft to purchase a system, taking Check No. 2265 with him. He brought back the dust collection system and the invoice from Rocker Woodcraft (Form 15). He wrote the check in the amount of $750.00 as partial payment, with the remaining to be billed to Basswood Furniture on account. The dust collection system is an asset. Its useful life will be three years, with a residual value (salvage value) of zero. Record the journal entry for the invoice in the correct G/L accounts and create a new subsidiary ledger account for Rocker Woodcraft. Create a Schedule of Depreciation for the asset, assuming straight-line depreciation. (The purchase of the system is being made on the eighth of the month. According to GAAP, because the purchase is made before the fifteenth of the month, the depreciation of the asset can be recognized from the beginning of the month. Therefore, for depreciation purposes, at the end of the accounting period, youll recognize one months worth of depreciation for December as if the asset was purchased on the first of the month.) At the end of the accounting period, youll provide Jeremy Gates with the asset information and schedule so that he can review it and make any changes if necessary

Monday, December 12, 20XX

• Received Check No. 511 (Form 16) in the amount of $225.00 for payment in full from Sam Little. Make the journal entry for receipt of the check and post to the proper G/L and subsidiary accounts.
• Received Check No. 42 (Form 17) in the amount of $925.00 for payment in full from Kenny Refinishing. Make the journal entry for receipt of the check and post to the proper G/L and subsidiary accounts.
• Billie sold two end tables and a coffee table to Quality Furniture in the total amount of $996.40 on account (Form 18). Make a journal entry to record the sale and make a journal entry to remove the cost of the furniture from inventory and move it to COGS. Post to the G/L.
• Billie drove to Carols Wood Supplies and purchased on account (Form 19) materials to build the following items for merchandise inventory: 2 each DSK-0001 Desk and BCS-0001 Bookcase, and 1 FLK-0001 Footlocker. Record the items in inventory, make a journal entry for the purchase on account, and post it to the G/L.
• Ian discussed advertising and marketing with John Powell from Powell Marketing, Inc. During the meeting, Ian wanted you to write out a check to Powell Marketing, Inc. in the amount of $1,325.00 for billboard advertising during the rest of the month of December. You wrote Check No. 2270 for that amount, using it as the invoice and receipt. After adjusting the check register, you then made a journal entry and posted it to the G/L.