Kingbird Company has the following opening account balances in its general and subsidiary ledgers on January 1 and uses the periodic inventory system. All accounts have normal debit and credit balances. Account Number Account Title 101 112 115 120 125 130 157 158 201 211 Cash General Ledger Accounts Receivable Notes Receivable Inventory Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equip. Accounts Payable January 1 Opening Balance $33,090 13,130, 42,420 20,200 1,010 2,020 6,510 1,520 35,350

Kingbird Company has the following opening account balances in its general and subsidiary ledgers on January 1 and uses the periodic inventory system. All accounts have normal debit and credit balances. 101112115120125130157158201311CashAccountsReceivableNotesReceivableInventorySuppliesPrepaidInsuranceEquipmentAccumulatedDepreciation-Equip.AccountsPayableCommonStock$33,09013,13042,42020,2001,0102,0206,51035,35070,70010,810 SCHEDULE OF ACCOUNTS RECEIVABLE (from accounts receivable subsidiary ledger) January 1 Opening Customer Balance SCHEDULE OF ACCOUNTS RECEIVABLE (from accounts receivable subsidiary ledger) January 1 Opening Customer Balance. G. Dukes $1,820 M. Hall 7,270 L. Longhini 4,040 SCHEDULE OF ACCOUNTS PAYABLE (from accounts payable subsidiary ledger) January 1 Opening Creditor Balance O. Kitson $9,090 D. Markoff 15,150 L. Quinn 11,110 3 Sell merchandise on account to W. Rayms $3,640, invoice no. 510 , and M, Fischer $1,820, invoice no, 511 . 5 Purchase merchandise on account from K. Zapfel $3,030 and J. Liotta $2,420. 7 Receive checks for $4,040 from L. Longhini and $2.020 from M. Hall. 8 Pay freight on merchandise purchased $180. 9 Send checks to O. Kitson for $9,090 and L, Quinn for $11,110. 9 Issue credit of $240 to M. Fischer for merchandise returned. 10 Summary cash sales total $15,660. 11 Sell merchandise on account to G. Dukes for $1,920, invoice no. 512 , and to L. Longhini $910, invoice no. 513. Post all entries to the subsidiary ledgers. 12 Pay rent of $1,010 for January. 13 Receive payment in full from W. Rayms and M. Fischer. 15 Pay cash dividend of $660. 16 Purchase merchandise on account from L. Quinn for $15,150, from O. Kitson for $14,040, and from K. Zapfel for $1,520. 17 Pay $400 cash for office supolies. 16 Purchase merchandise on account from L. Quinn for $15,150, from O. Kitson for $14,040, and from K. Zapfel for $1,520. 17. Pay $400 cash for office supplies. 18 Return $200 of merchandise to O. Kitson and receive credit. 20 Summary cash sales total $17,930. 21 Issue $15,150 note to D. Markoff in payment of balance due. 21 Receive payment in full from L, Longhini. Post all entries to the subsidiary ledgers. 22 Seli merchandise on account to W. Rayms for $3,740, invoice no. 514 , and to G. Dukes for $810, invoice no. 515. 23 Send checks to L. Quinn and O. Kitson in full payment. 25 Sell merehandise on account to M. Hall for $3,540, invoice no. 516 , and to M. Fischer for $6.160, invoice no. 517. 27 Purchase merchandise on account from L. Quinn for $12,630, from J. Liotta $1,210, and from K. Zapfel for $2,830. 28 Pay $200 cash for office supplies. 31 Summary cash sales total $23.150. 31 Pay sales salaries of $4,340 and office salaries of $3,130. Record the January transactions in a sales journal