Janish Supplies completed the transactions listed below during April 2017. All sales are on terms 2/10, 1/30 April 2 Sold merchandise to Tim Bennett for $35,000 on credit, invoice #306 (cost $22,750) 3 Cash sales for the day totalled $15,000, invoices #307 to #310 (cost $9,750) 4 Purchased $18,000 of merchandise from Wallace Brothers, terms 1/10, 1/30 5 Sold merchandise to Brian Kennedy for $42,000 on credit, invoice #311 (cost $27,300) 6 Returned $4,200 of defective merchandise purchased on April 4 9 Purchased $230 of office supplies, cheque #1620. 'Purchased $56,000 of merchandise from McKinley & Sons, terms n/30 Received payment from Tim Bennett regarding the sale of April 2 1 paid for the merchandise purchased on April 4, cheque #1621 10 Sold merchandise to Wynne Walsh for $14,000 on credit; invoice #312 (cost $9,100). 19Issued a credit memo regarding a $3,000 allowance granted to Wynne Walsh to cover defective merchandise sold on April 16. Received payment from Brian Kennedy for the sale of April 5. Purchased $3,800 of equipment from Zardon Company, terms 1/15, 1/30. 24 Sold merchandise to Brian Kennedy for $18,000 on credit, invoice #313 (cost $11,700). 2 paid for the purchase of April 11, cheque #622 Received payment from Wynne Walsh regarding the sale of April 16. Paid April salaries, $36,000, cheque #623. For simplicity, we assume one cheque. Required: 1-2. Journalize the April transactions into the appropriate journal assuming perpetual inventory system. (Enter the transactions question. If no entry is required for a transaction/event select "No journal entry required in the first account field of the Required: 1-2. Journalize the April transactions into the appropriate journal assuming perpetual inventory system (Enter the transactions in the order provided in the question. If no entry is required for a transaction/event, select "No journal entry required in the first account field of the journal entry worksheet) JANISH SUPPLIES SALES JOURNAL Date Account Debited Invoice No. A/R Dr. Sales Cr. COGS Dr. Merchandise Inventory Cr Totals JANISH SUPPLIES CASH RECEIPTS JOURNAL Date Account Credited Cash Dr. Sales Disc DE ARC Sales Cr COGS DE Merchandise Inventory Cr Totals JANISH SUPPLIES PURCHASES JOURNAL Merchandise Account Credited Terms A/P Cr. Inventory Dr. Other Accounts Dr. Date Totals a JANISH SUPPLIES CASH DISBURSEMENTS JOURNAL Date Ch. No. Account Debited Cash Cr. Merchandise Inventory Cr. Other Accounts Dr. AIP Dr. Totals View transaction list Taulantic View transaction list Journal entry worksheet Record the return of defective merchandise. Note: Enter debits before credits. General Journal Debit Credit Date April 06, 2017 Record entry Clear entry View general journi View transaction list Journal entry worksheet Record the allowance granted regarding defective merchandise. Note: Enter debits before credits. General Journal Debit Credit Date April 19, 2017 Record entry Clear entry View general journal
