Part 1
Journalize the following transactions for the month of June for Quixote Company
using the following list of Accounts and Account numbers.
Record all entries to the nearest cent.				(26 points)
	Accounts
	Cash		#110
	Accounts Receivable		#112
	Merchandise Inventory		#115
	Estimated Returns Inventory		#116
	Store Supplies		#117
	Prepaid Insurance		#119
	Store Equipment		#120
	Accumulated Depreciation - Store Equipment		#121
	Accounts Payable		#210
	Salaries Payable		#211
	Customer Refunds Payable		#212
	Larkin, Capital		#310
	Larkin, Drawing		#311
	Sales		#410
	Cost of Merchandise Sold		#510
	Office Salaries Expense		#511
	Sales Salaries Expense		#512
	Rent Expense		#513
	Depreciation Expense		#514
	Insurance Expense		#515
	Delivery Expense		#516
	Misc. Selling Expense		#517
	Misc. Administrative Expense		#518
1-Jun	Paid rent for June, $4000	1 pt.
3-Jun	Purchased merchandise on account from ABC Company for $10000
	Terms 2/10, n/30, FOB shipping point.
	We were billed $150 for shipping which was added to our invoice.			3 pts.
4-Jun	Returned $2000 of the merchandise purchased on June 3 from ABC Company.
				2 pts
6-Jun	Sold $15000 of Merchandise on account to EFG Company, terms 1/20, n/30,
	FOB shipping point.The cost of merchandise sold was $5000 and we
	paid $250 for shipping which was billed and added to the customer's invoice.
				3 pts.
7-Jun	EFG company returned $1500 of the merchandise purchased on June 6.
	The cost of merchandise sold was $1000		2 pts.
8-Jun	Paid Misc. Selling Expense of $500 and Misc. Administrative Expense of $100
				2 pts.
9-Jun	Purchased on account $350 of Store Supplies.		2 pts.
13-Jun	Paid ABC Company for the purchase made on June 3rd, less the return of June 4th
		3 pts.
16-Jun	Purchased store supplies for $100 cash.		2 pts.
17-Jun	Received cash from EFG Company for the sale of June 6,
	less the return of June 7th.			3 pts.
25-Jun	Paid Sales Salaries Expense of $650 and Office Salaries Expense of $750
				2 pts.
30-Jun	Owner withdrew $500		1 pt.
		Post		Page 1
Date	Journal Entries	Ref.	Debit	Credit
1-Jun	Rent Expense		4,000.00
	Cash			4,000.00
3-Jun
		Post		Page 2
Date	Journal Entries	Ref.	Debit	Credit