Jan. 25 Issued Check no. 75056 to SJ Services, P15,000 for Security and Janitorial services during the month. Jan. 26 Received delivery of merchandise from Landry Company amounting to P120,000 purchased on account. Terms of payments 2/10, n/30. Landry Company issued CSI No. 309. Jan. 27 Issued Check no. 75057 to Sunrise Office Equipment representing full payment of account dated Jan. 12, less applicable cash discount. Jan. 28 Issued Check no. 75058 to Staples Office Supplies representing full payment of account in January 2 Issued Check no. 75059 to the Office Manager, P9,504 for payment of the following expenses: Electricity P2,580 Water 1,824 Utilities 3,870 Miscellaneous 1.230 Total P9,504 Jan. 31 Issued Check no. 75060 payable to Mr. Newton Fox representing personal withdrawal P25,000 Jan. 30 Additional Information: Mr. Newton Fox uses periodic inventory method in recording purchases. Required: 1. Prepare a CHART OF ACCOUNTS for NeoFox General Merchandising Operating Expenses will be divided into Selling and Administrative Expenses. 2. Record the foregoing transaction in a special journals as shown in page 3: a. General Journal b. Sales Journal C. Purchases Journal; 2/3 d. Cash Receipts Journal, and e Cash Disbursements Journal. 3. Using the chart of accounts in no. 1, open the General Ledger Accounts (T-Account) and post the foregoing transactions following the posting procedure when adapting a special journals. Disregard posting reference (PR). 4. Post the accounts receivable transactions in the accounts receivable subsidiary ledger 5. Post the accounts payable transactions in the accounts payable subsidiary ledger. 6. Determine the balances of the T-Accounts and prepare the unadjusted trial balance for the month of January, 2020 7. Determine the balances of the subsidiary ledgers and prepare the schedule of Accounts Receivable and Accounts Payable as of January 31, 2020. SUGGESTED COLUMN HEADINGS OF THE SPECIAL JOURNALS FOR NEOFOX GENERAL MERCHANDISING GENERAL JOURNAL Explanation PR Date DR. CR SALES JOURNAL CSI Terms NO. Date Sold To PR DR: A/Rec. CR:SALES PURCHASE JOURNAL Acct. Ref Terms Payable CR. Date Purchased From PR Purchase S DR. Office Supp DR Office Equipt. DR CASH RECEIPT JOURNAL Ref. Cash Explanation DR Date Account Debited PR Sales Disc. DR AR CR Sales CR Account Credited Date CASH DISBURSEMENTS JOURNAL Purch. Cash Disc. AP Explanation CR CR DR Check No. PR Purchases DR Other Accounts Acct. Title DR CR Jan. 25 Issued Check no. 75056 to SJ Services, P15,000 for Security and Janitorial services during the month. Jan. 26 Received delivery of merchandise from Landry Company amounting to P120,000 purchased on account. Terms of payments 2/10, n/30. Landry Company issued CSI No. 309. Jan. 27 Issued Check no. 75057 to Sunrise Office Equipment representing full payment of account dated Jan. 12, less applicable cash discount. Jan. 28 Issued Check no. 75058 to Staples Office Supplies representing full payment of account in January 2 Issued Check no. 75059 to the Office Manager, P9,504 for payment of the following expenses: Electricity P2,580 Water 1,824 Utilities 3,870 Miscellaneous 1.230 Total P9,504 Jan. 31 Issued Check no. 75060 payable to Mr. Newton Fox representing personal withdrawal P25,000 Jan. 30 Additional Information: Mr. Newton Fox uses periodic inventory method in recording purchases. Required: 1. Prepare a CHART OF ACCOUNTS for NeoFox General Merchandising Operating Expenses will be divided into Selling and Administrative Expenses. 2. Record the foregoing transaction in a special journals as shown in page 3: a. General Journal b. Sales Journal C. Purchases Journal; 2/3 d. Cash Receipts Journal, and e Cash Disbursements Journal. 3. Using the chart of accounts in no. 1, open the General Ledger Accounts (T-Account) and post the foregoing transactions following the posting procedure when adapting a special journals. Disregard posting reference (PR). 4. Post the accounts receivable transactions in the accounts receivable subsidiary ledger 5. Post the accounts payable transactions in the accounts payable subsidiary ledger. 6. Determine the balances of the T-Accounts and prepare the unadjusted trial balance for the month of January, 2020 7. Determine the balances of the subsidiary ledgers and prepare the schedule of Accounts Receivable and Accounts Payable as of January 31, 2020. SUGGESTED COLUMN HEADINGS OF THE SPECIAL JOURNALS FOR NEOFOX GENERAL MERCHANDISING GENERAL JOURNAL Explanation PR Date DR. CR SALES JOURNAL CSI Terms NO. Date Sold To PR DR: A/Rec. CR:SALES PURCHASE JOURNAL Acct. Ref Terms Payable CR. Date Purchased From PR Purchase S DR. Office Supp DR Office Equipt. DR CASH RECEIPT JOURNAL Ref. Cash Explanation DR Date Account Debited PR Sales Disc. DR AR CR Sales CR Account Credited Date CASH DISBURSEMENTS JOURNAL Purch. Cash Disc. AP Explanation CR CR DR Check No. PR Purchases DR Other Accounts Acct. Title DR CR