OTE:This comprehensive problem Part 1 is divided into several steps. At times you will be required to printout your answers from one step to use to complete the next step.

During the second half of December 20-1, TJ's Specialty Shop engaged in the following transactions:

Dec.16Received payment from Lucy Greene on account, $1,960.16Sold merchandise on account to Kim Fields, $160, plus sales tax of $8. Sale No. 640.17Returned merchandise to Evans Essentials for credit, $150.18Issued Check No. 813 to Evans Essentials in payment of December 1 balance of $1,250, less the credit received on December 17.19Sold merchandise on account to Lucy Greene, $620, plus tax of $31. Sale No. 641.22Received payment from John Dempsey on account, $1,560.23Issued Check No. 814 for the purchase of supplies, $120. (Debit Supplies)24Purchased merchandise on account from West Wholesalers, $1,200. Invoice No. 465, dated December 24, terms n/30.26Purchased merchandise on account from Nathen Co., $800. Invoice No. 817, dated December 26, terms 2/10, n/30.27Issued Check No. 815 to KC Power & Light (Utilities Expense) for the month of December, $630.27Sold merchandise on account to John Dempsey, $2,020, plus tax of $101. Sale No. 642.29Received payment from Martha Boyle on account, $2,473.29Issued Check No. 816 in payment of wages (Wages Expense) for the two-week period ending December 28, $1,100.30Issued Check No. 817 to Meyers Trophy Shop for a cash purchase of merchandise, $200.As of December 16, TJ's account balances were as follows: