I really need help with these journal entries!!!

INTRODUCTION

The Company sells and rents camping equipment from its store in Denver, Colorado. It is a sole proprietorship and is owned and operated by Samuel Stephens. Maintains a perpetual inventory system. The company also rents tents and groups of assorted camping equipment to trail guides. The terms of all sales and all rentals are net 30. The company delivers the equipment to many of its customers. Some customers pick it up at the store. Mr. Stephens makes all deposits. He removes the cash from the cash register and lists all checks received on a deposit ticket. He then gives the duplicate deposit slip to you for recording.1. Examine the business papers that follow. They consist of sales invoices, rental invoices, purchase invoices, duplicate deposits slips, credit memoranda and interoffice memoranda. They appear in the order in which they come to the bookkeepers attention. The actions you as bookkeeper should take regarding these are:

Sales Invoices Enter the information in the Sales Journal. Post to the Subsidiary Accounts Subsidiary Ledger.

Rental Invoices Enter the information in the Sales Journal. Post to the Subsidiary Accounts Subsidiary Ledger.

Purchases Invoices Enter information in the Purchases Journal on the date the invoice is received for each purchase of merchandise inventory or supplies. Post to the Subsidiary Accounts Payable Ledger. Mr. Stephens will send you an interoffice memorandum when he wants you to prepare checks for payment for these invoices.

Credit Memoranda Enter the information in the General Journal.

Duplicate Deposit Tickets All cash deposits are from cash sales of camping equipment and should be recorded as a credit to Sales. The checks listed on the deposit ticket are receipts from customers who have made payments on their accounts and should be recorded as credits to Accounts Receivable and posted to the Subsidiary Accounts Receivable Ledger.

Interoffice Memoranda The owner sends information to you, the bookkeeper, instructing you to do certain tasks, such as prepare checks for his signature, establish a new account, or reclassify a previously recorded purchase. When Mr. Stephens asks you to prepare checks for his signature, you will not prepare a check but you will need to record the payment in the Cash Disbursements Journal. You are not authorized to sign checks to follow good internal control procedures.

Account Title	Account Number
Cash	101
Petty cash	102
Accounts Receivable	106
Allowance for Doubtful Accounts	107
Interest Receivable	109
Notes Receivable	111
Merchandise Inventory	119
Office Supplies	124
Store Supplies	125
Prepaid Insurance	128
Office Equipment	163
Accumulated Depreciation Office Equipment	164
Store Equipment	165
Accumulated Depreciation Store Equipment	166
Camping Rental Equipment	167
Accumulated Depreciation Camping Rental Equipment	168
Building	183
Accumulated Depreciation Building	184
Accounts Payable	201
Interest Payable	203
Salaries Payable	209
Mortgage Note Payable 9%	251
Samuel Stephens, Capital	301
Samuel Stephens, Withdrawals	302
Camping Equipment Rental Revenue	406
Interest Earned	409
Camping Equipment Sales	413
Cost of Goods Sold	502
Depreciation Expense Building	606
Depreciation Expense Office equipment	612
Depreciation Expense Store Equipment	613
Depreciation Expense Camping Rental Equipment	615
Salaries Expense	622
Interest Expense	633
Insurance Expense	637
Office Supplies Expense	650
Stores Supplies Expense	651
Advertising Expense	655
Bad Debt Expense	656
Miscellaneous Expense	677
Telephone Expense	688
Utilities Expense	690
Income Summary You will not need to add any additional accounts.	901

BUSINESS PAPERS

Business Paper No. 1

COLORADO BANK

MEMBER F.D.I.C.

		Coin
		Currency
		Checks	K. Gragg	890	00
Industrial Boulevard
Denver, Colorado 77787
June 1, 20 XX__
		TOTAL		890	00

00015613345678009878

Duplicate Deposit Ticket

Business Paper No. 2

Inter-Office Memo	From Samuel Stephens	Date June 1, 20XX
To Bookkeeper	Subject Petty Cash Fund

Establish a petty cash fund in the amount of $100 and issue the check to me. Check #520

Note: The check to Mr. Samuel Stephens has been completed and is in the checkbook, but the check has not been recorded.

Business Paper No. 3

Inter-Office Memo	From Samuel Stephens	Date June 2, 20XX
To Bookkeeper	Subject Cash Disbursements

Please prepare a check to Zappo for $1,500 as partial payment on a credit purchase made on May 15, terms 2/10, n/30.

Check #521

Business Paper No. 4

Invoice # Z68002

Purchase Invoice

Zappo Corporation

Date June 2, 20XX

Sold To:

Company

Industrial Blvd.

Denver, Colorado, 77787

Customer Order No. CHP4580		Our Order No. 68002	Date Delivered 6/2/20XX	Shipped Our Truck		Terms 2/10, n/60
Quantity
Ordered	Shipped	Description		Unit Price		Amount
12	12	Down jackets #1378 S/4 M/5, L/5		144	35	1,732	20
6	6	Rain Ponchos #435 one size		38	15	226	90
8	8	Hiking boots $177 M assorted sizes		72	25	578	00
		RECEIVED JUNE 4
		Total				2,539	10

Customers Copy

Business Paper No. 5

Invoice # S4563

Purchase Invoice

Samson Distributors

Date June 2, 20XX

Sold To:

Company

Industrial Blvd.

Denver, Colorado, 77787

Customer Order No. CHP4581		Our Order No. 4563	Date Delivered 6/2/20XX	Shipped Our Truck		Terms n/30
Quantity
Ordered	Shipped	Description		Unit Price		Amount
2	2	Large Tent V-135		825	00	1,650	00
		RECEIVED JUNE 4
		Total				1,650	00

Bookkeepers Copy

Business Paper No. 6

Invoice # R4520

Rental Invoice

Date June 5, 20XX

Rented To:

Mr. A. Smith Length of Rental: _________Day (s)

1073 Broadway ___ 1____ Week(s)

Rocky Springs, Colorado, 76660

Customer Order No. AS1010		Our Order No. R4520	Date Delivered 6/7/20XX	Delivered Via Customer Pickup		Terms n/30
Quantity
Ordered	Shipped	Description		Unit Price		Amount
4	4	Large tents		135	00	540	00
10	10	Large Canteens w/covers and belts		62	00	620	00
		Total				1,160	00

Bookkeepers Copy

Business Paper No. 7

Invoice # S6905

Sales Invoice

Date June 5, 20XX

Sold To:

Mr. S. Peeples

45 Canada Lane

St. James, Colorado, 75127

Customer Order No. SP1045		Our Order No. S6905	Date Delivered 6/7/20XX	Delivered Customer Pickup		Terms n/30
Quantity
Ordered	Shipped	Description		Unit Price		Amount
5	5	Down Jackets		296	00	1,480	00
3	3	Tents		525	00	1,575	00
71	25	213		71	25	213	75
		Total				3,055	00

Bookkeepers Copy

Cost of goods sold: $1,448.60