1. Record the remaining May transactions in the sales journal, cash receipts journal, purchases journal, cash payments journal, and general journal.

2. Post the individual amounts from the five journals to the accounts receiveable and accounts payable subsidary ledgers on a daily basis.

3. Post the individual amounts from the General columns of the cash receipts, purchases, cash payments, and general journal on a daily basis.

4. Foot, prove, total, and rule the special journals.

5. Post the column totals of the special journals to the general ledger accounts. Use the following order for posting: sales journal, cash reciepts journal, purchases journal, and cash payments journal.

6. Prove cash. The balance shown on check stubb 899 is $6,109.45.

7. Prepare a schedule of accounts receivable and a schedule of accounts payable.

8. Prepare a trial balance

    

Keeping the Accounting Records for Cordova Electronics: Since Cordova Electronics has a large volume of business transactions, the business uses special journals and a general journal. The chart of accounts for Cordova Electronics appears on the next page. The previous accounting clerk, Manny Canseco, has journalized and posted the business transactions for May 1 through May 15. Those transactions are included in the accounting stationery in the working papers accompanying this textbook. The transactions that follow took place between May 16 and May 31.