Instructions: 1. Journalize the transactions provided below. 2. Enter the beginning balances to each of the accounts provided below. 3. Post all genral journal transactions to the repesctive general ledger accounts. 4. Post the AR Subledger. 5. Prepare the Schedule of AR. 6. Post to the AP Subledger 7. Prepare the Scheudle of AP 8. Prepare a Bank Reconciliation General ledger account balances as of May 31, 20-- Accounts Receivable Account Balances as of May 1 Accounts Payable Account Balances as of May 1 Customer Account Balance \\begin{tabular}{l|l} Custom Works & \\( \\$ 1,900.00 \\) \\end{tabular} American Products \\( \\$ 4,000.00 \\) Edible Pursuits \\( \\$ 1,450.00 \\) Fryes Elecrtonics \\( \\$ 700.00 \\) Transactions May 1 Purchased merchandise from Keys Wholesale on account for \\( \\$ 735.30 \\), Invoice No 91 Dated May 1 , terms \\( 2 / 10, n 30 \\) May 2 Purchased merchandise from Fryes Electronics on account for \\$1500 Invoice no 102 Dated May 2, terms 2/10, n/30 May 3, Sold Merchandise on account to Dana Lonview, \\( \\$ 169.50 \\) plus tax of 0.825 , Sale No. 51 May 4 , Sold merchandise on account to Daisy Rangel on account, \\( \\$ 799.99 \\) plus tax of 0.825 , Sale No. 52 May 6, Received payment from Kevin Sanders on account, \\( \\$ 100.00 \\). May 7, Issued a Credit Memo No. 68 to Mark Parsons for merchandise returned that had sold on account, \\$72.75 May 9 , Issued a check No 895 to Keys Wholesale Invoice 91 less \2 discount. May 10, Received payment from Daisy Rangel on account, \\( \\$ 500 \\) May 11, Sold merchandise on account to Eduardo Quintana, \\( \\$ 799.95 \\) plus tax \\( \\$ 65.99 \\) Sale no. 63 May 12, Received a Credit Memo from Edibile Pursuits for catering credit for event on April 25 for \\( \\$ 450.00 \\) May 14, Received payment from Angel Garcia for half of the amount on account settlement of \\( \\$ 2,500.00 \\) May 14, Purchased merchandise from Custom Works on account for \\( \\$ 395.00 \\) plus .0825 Sales Tax, Invoice No 289 dated May 14 , terms \\( 2 / 10 \\), n/30 May 15, Received credit memo from Custom Works for merchandise purchased on May 14, \\( \\$ 79.00 \\) May 17, Sold merchandise on account to Kevin Sandars, \\( \\$ 565.00 \\) plus tax of \\( \\$ 46.61 \\) Sale No. 45 May 19, Sold merchandise for Cash to Mark Parsons, \\( \\$ 79.95 \\) plus tax of \\( \\$ 6.60 \\) Sales 46 May 21 , Issued. Credit Memo 49 to for merchandise returned that had been sold on account to Dana Longview, \\( \\$ 63.45 \\) including tax of \\( \\$ 5.23 \\) May 23, Issued a Check No. 897 to Custom Works for merchandise purhcased on May 14. May 24, Received payment from Eduard Quintana on account, \\( \\$ 500.00 \\) May 25 , Sold merchandise on account to Angel Garcia, \\( \\$ 189.50 \\) plus tax of \\( \\$ 16.33 \\) Sale.No. 47 May 26, Received payment from Dana Longview on account, \\( \\$ 550.65 \\). May 27, Purchased merchandise from Fryes Electronics on account \\( \\$ 478.63 \\) Invoice 857 dated May 27, terms 2/10, n/30 May 28, Sold merchandise on account to Eduardo Quintana, \\$69.95 plus tax of \\( \\$ 5.77 \\) Sale No. 48 May 29, Issued check No. 898 to American Products for cash payment of merchandise on account \\( \\$ 678.95 \\) May 30 , Issued check 899 to Fryes Electroics in payment of Invoice 857 dated May 27 with a \2 discount Bank Reconciliation Information: Balance per bank statement as of May 31 was \\( \\$ 41,615.95 \\) Balance per Hughes Company's Cash account at May 31 was \\( \\$ 41,378.51 \\) A late deposit on May 31 did not appear on the bank statement, \\( \\$ 550.65 \\) Outstanding checks as of May 31 totaled \\( \\$ 888.10 \\) The Bank Service Charge was \\( \\$ 100 \\)