I'm having trouble figuring out the appropriate account titles for the transactions listed in my general journal. I have put question marks beside the account titles that I can't identify on the Chart of Accounts (the Chart of Accounts can be seen below these transactions and it lists the appropriate account titles that I can use). Please help me identify which account title in the chart of accounts replaces the account title I've assigned in the transactions below. Also, please let me know if any of these transactions are wrong to begin with.

Transaction 1) Sold $42,000 of computers on credit. Cost = $16,800.

Cash debited 42,000

(?) Computers sold credited 16,800 What should replace "computers sold" from the chart of accounts below?

Gain on sale of assets credited 25,200

Transaction 2) Issued 1000 shares of common stock for $18,000.

Cash debited 18,000

(?) Shares of common stock credited 18,000 What should replace "Shares of common stock" from the chart of accounts below?

Transaction 3) Paid the balance due of $1,500 for the january 5 purchase of office supplies on account. Refer to Feb. 1 transaction (Feb. 1 transaction: office equipment costing $10,000 was sold for cash in the amount of $8,000. Remember, you need to remove the accumulated depreciation for that equipment).

(?) Accounts payable debited 1,500 Should "Accounts payable" be replaced by something else from the chart of accounts?

Cash credited 1,500

Transaction 4) Paid the invoice for $15,000 dated February 1. [Verify the terms of sale].

(?) Accounts payable debited 15,000 Should "Accounts payable" be replaced by something else from the chart of accounts?

Cash credited 15,000

Transaction 5) Sold $20,000 of computers on account. Cost of merchandise is $9,000.

Accounts recievable debited 20,000

(?) Computers sold credited 9,000 What should replace "Computers sold" from the chart of accounts?

Gain on sale of assets credited 11,000

Transaction 6) Paid the semi-monthly, $2,500 of direct labor for Job#1 (250 hrs.), and $400 for indirect labor (40 hrs) and $1,100 as Slavery Expense [for administrative and selling salaries]. The amounts withheld are $500 for income taxes and $350 for FICA taxes. PLEASE NOTE: A second journal entry for the employer's portion of the payroll taxes must be recorded. This includes matching the FICA taxes, .8% for Federal Unemployment taxes and 5.4% for State Unemployment taxes.

(?) Payroll & saleries expense debited 3,150 What should replace "Payroll & saleries expense" from the chart of accounts?

Employee Income Tax Withheld Payable debited 850

Cash credited 3,150

(?) Taxes payable credited 850 What should replace "Taxes payable" from the chart of accounts?

Transaction 7) Declared and paid dividends of $5,000.

(?) Declared & paid dividends debited 5,000 What should replace "Declared & paid dividends" from the chart of accounts?

Cash credited 5,000

Transaction 8) Customer returned a computer, original sales price was $5,000 and COGS was $1,200.

(?) Sales Returns and Allowances debited 5,000 Should "Sales Returns and Allowances" be replaced by something else in the chart of accounts?

Accounts receivable credited 5,000

&

(?) Merchandise Inventory debited 1,200 What should replace "Merchandise inventory" from the chart of accounts?

Cost of goods sold credited 1,200

Transaction 9) Collected the sale dated February 13 [with discount] (Feb. 13 transaction: Sold $20,000 of computers on account. Cost of merchandise is $9,000.

I don't know how this transaction would be entered into a general journal. Please help if you understand.

Transaction 10) Paid the raw materials invoice of $13,000 dated February 3 with discount.

(?) Accounts Payable debited 13,000 Should "Accounts Payable" be replaced by something else from the chart of accounts?

Cash credited 12,610

Sales Discounts credited 390

Transaction 11) Record the liability for payroll for the second half of February, totalling $4,000. [Information is the same as the Feb. 14 entry] (Feb. 14 transaction: Paid the semi-monthly, $2,500 of direct labor for Job#1 (250 hrs.), and $400 for indirect labor (40 hrs) and $1,100 as Slavery Expense [for administrative and selling salaries]. The amounts withheld are $500 for income taxes and $350 for FICA taxes. PLEASE NOTE: A second journal entry for the employer's portion of the payroll taxes must be recorded. This includes matching the FICA taxes, .8% for Federal Unemployment taxes and 5.4% for State Unemployment taxes).

(?) Payroll Expense debited 4,000 What should replace "Payroll Expense" from the chart of accounts?

(?) Payroll Payable credited 3,150 What should replace "Payroll Payable" from the chart of accounts?

(?) Income Tax Payable credited 850 What should replace "Income Tax Payable" from the chart of accounts?

Transaction 12) Recieved the utility bill for February of $600 of which half is charged to manufactoring overhead.

Utilities Expense debited 600

Accounts Payable credited 600

&

Manufacturing Overhead debited 300

(?) Utilities Expense credited 300 Should "Utilities Expense" be replaced by something else from the chart of accounts?

CHART OF ACCOUNTS Bayou Computer Enterprises, Inc. ACCOUNT NAME ACCOUNT NUMBER ASSETS Current Assets 101 102 Cash Petty Cash Accounts Receivable Allowance for Uncollectible Accounts Notes Receivable Interest Receivable Raw Materials Inventory 112 121 125 132 136 137 138 141 142 143 Plant Assets 151 152 155 156 160 ork in Process #1 Inventory Manufacturing Overhead Finished Goods Inventory Supplies Prepaid Insurance Prepaid Advertising Office Equipment Accumulated Depreciation, Office Equipment Manufacturing Equipment Accumulated Depreciation, Manufacturing Equipment Building