I need this to be solved ASAP and to be written clearly in computer writing not hand writing

Problem The transactions completed by Franklin Company during January, its first month of operations, are li below. Assume that Peach Company uses the followin Revenue (R), Purchases (P), and General (G). Assume that it uses Accounts Receivable and Accounts Payable Subsidiary Ledgers as well as a General Ledger. Indicate by letters which journal would be used for each transaction. Also indicate if the entry requires a posting to a subsidiary ledger. 1. sted g journals: Cash Receipts (CR), Cash Payments (CP). C () Issued check for rent, Wo CR (4) (2) Purchased equipment on account.YC (3) Issued an invoice to a customer. yes Received a check from a customer for payment on account.je CR (5) Issued check for advertising expense. No (6) Issued check for a payment on account. C , (7) Issued check fo r cash purchase of supplies. No (8) Issued check for salary,WD Received cash for a sale. No (10) Purchased supplies on account. fe 2. Details of invoices for purchases of merchandise are as follows: Pet Amunt Freight1-845 NetAmount Returns Terms Merchandise $800 4,600 2,400 7,500 $200 800 600 Frei S45 FOB shipping point, 1/10, n/30 FOB destination, n/30 FOB shipping point, 2/10, n/30 FOB destination, 1/10, n/30 Determine the amount to be paid in full settlement of each of the invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. The beginning inventory and purchases of an item for the period were as follows: 3. Beginning inventory First purchase Second purchase Third purchase 6 units at $70 each 10 units at $75 each 18 units at $80 each 10 units at $85 each The company uses the periodic system, and there were 15 units in the inventory at the end of the period. Determine the cost of the 15 units in the inventory by each of the following methods, presenting details o your computations: (a) first-in, first-out; (b) last-in, first-out; (c) average cost 4. The cash account for Santiago Co. on May 31, 2009 indicated a balance of $15,515.00. The March ban nce of $20,245.00. Comparing the bank statement, the canceled checks. accompanying memos with the records revealed the following reconciling items: a. b. c. Checks outstanding totaled $4,820.00 A deposit of $3,796.00 had been made too late to appear on the bank statement. A check for $1,233.00 returned with the statement had been incorrectly recorded as $233.00. The check was originally credited to accounts payable. d. The bank collected $5,541.00 on a note left for collection. e. Bank service charges for May amounted to $45.00. A check for $790.00 was returned by the bank because of insufficient funds. Prepare a bank reconciliation as of May 31, 2009. Journalize the necessary entries Santiago Co. Bank Reconciliation May 31, 2009 Journal Post Ref Debit Credit Date Description