It is October 16, 2023, and you have just taken over the accounting work of Saskan Enterprises, whose annual accounting period ends each October 31. The company's previous accountant journalized its transactions through October 15 and posted all items that required posting as individual amounts, as an examination of the journals and ledgers in the Working Papers will show. The company completed these transactions beginning on October 16, 2023: Oct. 16 Sold merchandise on credit to Vickie Foresman, invoice #916, $7,500. Cost, $3,750. Terms of all credit sales are 2/10, n/30. 4 17 Received a $1,090 credit memo from Shore Company for merchandise received on October 15 and returned for credit. 17 Purchased office supplies on credit from Brown Supply Company, $580. Invoice dated October 16, teres n/10 EOM. 18 Received a $40 credit memo from Brown Supply Company for office supplies received on October 17 and returned for credit. 20 Issued a credit memo to Amy Ihrig for defective merchandise sold on October 15 and returned for credit, $500. The returned merchandise was scrapped. 21 Purchased store equipment on credit from Brown Supply Company, invoice dated October 21, terms n/10 EOM, $7,200. 22 Received payment from Vickie Foresman for the October 12 sale. 23 Issued cheque #623 to Sunshine Company in payment of its October 15 invoice. 24 Sold merchandise on credit to Bill Grigsby, invoice #917, $1,400. Cost, $750. 24 Issued cheque #624 to Shore Company in payment of its October 15 invoice. 25 Received payment from Amy Ihrig for the October 15 sale. 26 Received merchandise and an invoice dated October 25, terms 2/10, n/60, from Sunshine Company, $7,900. 29 Sold a neighbouring merchant five boxes of file folders (office supplies) for cash at cost, $50. 30 Ken Shaw, the owner of Saskan Enterprises, used cheque #625 to withdraw $2,500 cash from the business for personal use. 31 Issued cheque #626 to Jamie Green, the company's only sales employee, in payment of her salary for the last half of October, $2,200. 31 Issued cheque #627 to Countywide Electric Company in pavment of the October electric bill. $680.. 1. Record the transactions in the journals provided. (Enter the transactions in the order provided in the question.) SASKAN ENTERPRISES Sales Journal Date (2023) Account Debited A/R Dr. Cost of Goods Sold Dr. Invoice No. Sales Cr. Merchandise Inventory Cr. Oct. 6 Marge Craig 913 3,300 1,600 Oct. 12 Vickie Foresman 914 3,650 1,900 Oct. 15 Amy Ihrig 915 3,100 1,700 Totals 10,050 5,200 (106/413) (502/119) SASKAN ENTERPRISES Cash Receipts Journal Sales Acct. Office Cost of Goods Date (2023) Account Credited Explanation Cash Debit Sales Discount Rec. Supplies Credit Sold Dr. Merchandise Debit Credit Credit Inventory Cr. Oct. 2 Oct. 15 Bill Grigsby Invoice Sept 23 4,116 84 4,200 Sales Cash sales 38,830 38,830 21,400 Oct. 15. Marge Craig Invoice Oct 6 2,401 49 2,450 Totals 45,347 133 6,650 38,830 0 21,400 (101) (415) (106) (413) (X) (502/119) SASKAN ENTERPRISES Purchases Journal Date (2023) Account Credited Date of Invoice Terms Accounts Payable Merchandise Office Other Inventory Supplies Accts, Credit Debit Debit Debit Oct. 2 Shore Company Oct. 2 2/10, n/60 3,200 3,200 Oct. 5 Brown Supply Co. Oct. 3 n/10 EOM 1,300 1,300 Oct. 15 Shore Company Oct. 15 2/10, n/60 3,990 3,990 Oct. 15 Sunshine Company Oct. 15 2/10, n/60 2,650 2,650 Totals 11,140 11,140 0 0 (201) (119) (124) (X) SASKAN ENTERPRISES Cash Disbursements Journal Merchandise Other Ch. Cash Date (2023) Payee Account Debited Inventory Accts No. Credit Credit Accts. Payal Debit Debit Oct. 2 619 Omni Realty Co. Rent expense 2,250 2.250 Oct. 6 620 Fireside Company Fireside Company 3,724 76 3. Oct. 12 621 Shore Company Shore Company 3,136 64 3 Oct. 15 622 Jamie Green Sales salaries expense 2,020 2.020 Totals 11,130 140 4.270 7 (101) (119) (X) Journal entry worksheet < 1 2 3 4 5 Record the $460 return of merchandise inventory purchased. Note: Enter debits before credits. Date (2023) Oct 04 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet 2 3 4 5 Record the $850 return of merchandise inventory sold and $430 cost of merchandise inventory returned. Note: Enter debits before credits. Date (2023) Oct 09 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 3 4 5 Record the $1,090 return of merchandise inventory purchased. Note: Enter debits before credits. Date (2023) Oct 17 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 3 4 5 Record the $40 return of office supplies. Note: Enter debits before credits. Date (2023) Oct 18 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 3. 4 5 Record the $500 return of merchandise inventory sold Expense. Note: Enter debits before credits. Date (2023) Oct 20 General Journal Debit Credit View general journal Record entry Clear entry 3. Post to the customer and creditor accounts and also post any amounts that should be posted as individual amounts to the general Eiger accounts and Foot and crossfoot the journals and make the month-end postings. (Enter the transactions in the order provided the question.) ACCOUNTS RECEIVABLE SUBLEDGER Marge Craig Vickie Foresman Date (2023) Explanation PR Debit Credit Balance Oct. 6 $3 3,300 Oct. 9 G2 Oct. 15 CR3 850 2,450 3,300 2,450 Date (2023) Oct. 12 Explanation PR Del 83 0 Bill Grigsby Amy Ihrig Date (2023) Sept. 23 Explanation PR Debit Credit Balance Date (2023) Explanation PR Del S2 4,200 4,200 Oct. 15 $3 Oct. 2 CR3 4,200 0 ACCOUNTS PAYABLE SUBLEDGER Check my work Brown Supply Company Debit Credit Balance Date (2023) Explanation PR Del 4,260 4,260 Oct. 5 P2 3,800 0 Date (2023) Sept. 28 Explanation Fireside Company PR P1 Oct. 4 G2 460 Oct. 6 CD4 3,800 Sunshine Company Date (2023) Oct. 15. Explanation PR P2 Shore Company Debit Credit Balance Date (2023) Explanation PR Del 2,650 2,650 Oct. 2 P2 Oct. 12) CD4 Oct. 15 P2 GENERAL LEDGER GENERAL LEDGER 106: Accounts Receivabl PR De 101: Cash Date (2023) Sept. 30 Explanation PR Debit Credit Balance 5,361 Date (2023) Sept. 30 Explanation Oct. 9 Date (2023) Explanation Sept. 30 Oct. 4 Oct. 9 G2 119: Merchandise Inventory PR Debit Credit Balance Date (2023) Explanation 124: Office Supplies PR De 66,970 Sept. 30 G2 460 66,510 G2 430 66,940 125: Store Supplies ate (2023) 30 Explanation PR Debit Credit Balance Date (2023) Explanation 346. Sept. 30 ate (2023) t. 301 166: Accumulated Depreciation, Store Equipment Explanation Date (2023) Explanation PR Debit 301: Ken Shaw, Capital PR 165: Store Equipment PR Del 201: Accounts Payable Credit Balance Date (2023) Explanation PR Del 9,153 Sept. 30 Oct. 4 G2 302: Ken Shaw, Withdraw Debit Credit Balance Date (2023) Explanation PR Del Date (2023) Sept. 30 Explanation 301: Ken Shaw, Capital PR 302: Ken Shaw, Withdraw Debit Credit Balance 106,200 Date (2023) Explanation PR De 414: Sales Returns and Allow 413: Sales Date (2023) Explanation PR Debit Credit Balance 0 Date (2023) Oct. 9 Explanation 0 Date (2023) Explanation 415: Sales Discounts PR PR G2 Del 502: Cost of Goods Sold Debit Credit Balance Date (2023) Oct. 9 Explanation PR De G2 621: Sales Salaries Expense Date (2023) Oct. 15 Explanation PR 640: Rent Expense Debit Credit Balance Date (2023) Explanation PR Del 2.020 2,020 Oct. 2 CD4 621: Sales Salaries Expense Date (2023) Oct. 15 Explanation Date (2023) Explanation PR Debit Credit Balance Date (2023) Explanation 2,020 2,020 Oct. 2 690: Utilities Expense PR Debit Credit Balance 640: Rent Expense PR CD4 De