Peachtree Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of May.

May		1		Purchased $19,100 of merchandise on credit from Krause, Inc., terms n/30.
		8		Sold merchandise costing $1,260 on credit to G. Seles for $3,300 subject to a $48 sales discount if paid by the end of the month.
		14		Purchased $420 of store supplies from Chang Company on credit, terms n/30.
		17		Purchased $440 of office supplies on credit from Monder Company, terms n/30.
		24		Sold merchandise costing $580 to D. Air for $1,190 cash.
		28		Purchased store supplies from Porters for $126 cash.
		29		Paid Krause, Inc., $19,100 cash for the merchandise purchased on May 1.

Journalize the May transactions that should be recorded in the purchases journal assuming the perpetual inventory system is used.

Warton Company posts its sales invoices directly and then binds them into a sales journal. The company had the following credit sales to these customers during July.

July 2	Mary Mack	$	10,300
8	Eric Horner		12,800
10	Troy Wilson		15,100
14	Hong Jiang		22,200
20	Troy Wilson		12,900
29	Mary Mack		9,000
	Total credit sales	$	82,300

Required: 1. Post the invoices to the accounts receivable subsidiary ledger for each of these customers below: 2. Post the end-of-month total from the sales journal to Accounts Receivable controlling T-account and a Sales T-account. 3. Prepare a schedule of accounts receivable and prove that its total equals the Accounts Receivable controlling account balance.

Finer Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of May.

May		2		Sold merchandise costing $260 to B. Facer for $390 cash, invoice no. 5703.
		5		Purchased $2,800 of merchandise on credit from Marchant Corp.
		7		Sold merchandise costing $702 to J. Dryer for $1,018, terms 3/10, n/30, invoice no. 5704.
		8		Borrowed $8,000 cash by signing a note payable to the bank.
		12		Sold merchandise costing $176 to R. Lamb for $282, terms n/30, invoice no. 5705.
		16		Received $987 cash from J. Dryer to pay for the purchase of May 7.
		19		Sold used store equipment for $900 cash to Golf, Inc.
		25		Sold merchandise costing $310 to T. Taylor for $487, terms n/30, invoice no. 5706.

Journalize the May transactions that should be recorded in the sales journal assuming the perpetual inventory system is used.