L\&R Paint has two departments: Paint and Accessories. The business completed the following transactions during May of the current year. L\&R has arranged terms of 2/10,n/30 for all purchases on account. Source documents are abbreviated as follows: check, C; debit memorandum, DM; purchase invoice, P. May 3. Purchased paint on account from Davis Chemical, \$2,900.00. P421. 5. Purchased accessories on account from Franken Mfg., $960.00. P422. 6. Paid cash for rent, $2,000.00. C685. 7. Returned damaged paint to Davis Chemical, $320.00, from P421. DM46. 11. Paid cash on account to Davis Chemical covering P421, less DM46, less 2% discount. C686. 12. Paid cash on account to Franken Mfg. covering P422, less 2% discount. C687. 19. Paid cash for advertising a paint sale, $1,650.00. C688. 25. Purchased accessories on account from Franken Mfg., \$1,300.00. P423. Instructions: 1. Record each transaction in the appropriate journal. Post the items that are to be posted individually. 2. Prove and rule the purchases journal. Post the column totals as needed. 3. Prove and rule the cash payments iournal. Post the column totals as needed. Where to view the instructions in a separate window. tet To indicate a column total is not posted, type the letter "V" within parentheses " (v) : tet If a "Totak" column equals zero, you nunst enter a "o' instesd of leaving the cell blank. tes For numerical ficlds requing more than one entry, enter a forward slash (CM) to sepasale the entries. te: Type the account namber below the amount column total within parentheses " 0 ". Note: To indeate a column total is not posted, thpe the letter "V" within perentheses "(iv)". Note: If a "Totals" column equals zero, you mast enter a "0" instead of leswing the cell blank. Notet Foc numerical fields requiring more than ane entry, enter a forward slash (II)) to sepurate the entiles. Note: Type the acoount number below the amount column total within parentheses "0". Selects Journal Select Journal Solect Accounts Payable Ledger Note: If the answer is zero, enter " 0 " instead of leaving the cell blank. Note: If the answer is zero, enter " 0 " instead of leaving the cell blank. seleck ceneral Ledger seleck General Ledger Graded Assignment 43 of 3 Sereck General Ledger Purchases Returns and Allowances-Paint Purchases-Accessories Purchases Discount-Accessories Purchases Returns and Allowances-Accessories Advertising Expense-Paint Rent Expense Groded Assignment Graded Assignment Cash Accounts Payable Purchases-Paint Purchases-Accessories Purchases Discount-Accessories Purchases Retums and Allowances-Accessories Advertising Expense-Paint Rent Expense Graded Assignment Cash Accounts Payable Purchases-paint Purchases Discount-Paint Purchases Discount-Accessories Purchases Returns and Allowances-Accessories Advertibing Expense-Paint Rent Expense scounts Payable Purchases Discount-Paint Purchases Returns and Allowances-Accessories Advertising Expense-Palnt Rent Expense Cash Accounts Payable Purchases-Paint Purchases Discount-Paint Purchases Returns and Allowances - Paint Purchases-Accessories Purchases Discount-Accessories Advertising Expense-Paint Rent Expense Cash Accounts Payable Purchases-Paint Purchases Discount-Paint Purchases Retums and Allowances-Paint Cash Accounts Payable Purchases-Paint Purchases Discount-Paint Purchases Returns and Allowances-Paint Purchases-Accessories Purchases Discount-Accessories Purchases Returns and Allowances-Accessories Advertising Expense-Paint L\&R Paint has two departments: Paint and Accessories. The business completed the following transactions during May of the current year. L\&R has arranged terms of 2/10,n/30 for all purchases on account. Source documents are abbreviated as follows: check, C; debit memorandum, DM; purchase invoice, P. May 3. Purchased paint on account from Davis Chemical, \$2,900.00. P421. 5. Purchased accessories on account from Franken Mfg., $960.00. P422. 6. Paid cash for rent, $2,000.00. C685. 7. Returned damaged paint to Davis Chemical, $320.00, from P421. DM46. 11. Paid cash on account to Davis Chemical covering P421, less DM46, less 2% discount. C686. 12. Paid cash on account to Franken Mfg. covering P422, less 2% discount. C687. 19. Paid cash for advertising a paint sale, $1,650.00. C688. 25. Purchased accessories on account from Franken Mfg., \$1,300.00. P423. Instructions: 1. Record each transaction in the appropriate journal. Post the items that are to be posted individually. 2. Prove and rule the purchases journal. Post the column totals as needed. 3. Prove and rule the cash payments iournal. Post the column totals as needed. Where to view the instructions in a separate window. tet To indicate a column total is not posted, type the letter "V" within parentheses " (v) : tet If a "Totak" column equals zero, you nunst enter a "o' instesd of leaving the cell blank. tes For numerical ficlds requing more than one entry, enter a forward slash (CM) to sepasale the entries. te: Type the account namber below the amount column total within parentheses " 0 ". Note: To indeate a column total is not posted, thpe the letter "V" within perentheses "(iv)". Note: If a "Totals" column equals zero, you mast enter a "0" instead of leswing the cell blank. Notet Foc numerical fields requiring more than ane entry, enter a forward slash (II)) to sepurate the entiles. Note: Type the acoount number below the amount column total within parentheses "0". Selects Journal Select Journal Solect Accounts Payable Ledger Note: If the answer is zero, enter " 0 " instead of leaving the cell blank. Note: If the answer is zero, enter " 0 " instead of leaving the cell blank. seleck ceneral Ledger seleck General Ledger Graded Assignment 43 of 3 Sereck General Ledger Purchases Returns and Allowances-Paint Purchases-Accessories Purchases Discount-Accessories Purchases Returns and Allowances-Accessories Advertising Expense-Paint Rent Expense Groded Assignment Graded Assignment Cash Accounts Payable Purchases-Paint Purchases-Accessories Purchases Discount-Accessories Purchases Retums and Allowances-Accessories Advertising Expense-Paint Rent Expense Graded Assignment Cash Accounts Payable Purchases-paint Purchases Discount-Paint Purchases Discount-Accessories Purchases Returns and Allowances-Accessories Advertibing Expense-Paint Rent Expense scounts Payable Purchases Discount-Paint Purchases Returns and Allowances-Accessories Advertising Expense-Palnt Rent Expense Cash Accounts Payable Purchases-Paint Purchases Discount-Paint Purchases Returns and Allowances - Paint Purchases-Accessories Purchases Discount-Accessories Advertising Expense-Paint Rent Expense Cash Accounts Payable Purchases-Paint Purchases Discount-Paint Purchases Retums and Allowances-Paint Cash Accounts Payable Purchases-Paint Purchases Discount-Paint Purchases Returns and Allowances-Paint Purchases-Accessories Purchases Discount-Accessories Purchases Returns and Allowances-Accessories Advertising Expense-Paint