please answer the problem (sales journal, cash receipts journal, purchase journal, cash payment journal, general journal, accounts receivable ledgers, schedule of accounts receivable, general ledger, accounts payable ledgers, schedule of accounts receivable.

Comprehensive review problem: P7-3C. Liz Ames owns Fancy Writing Supply Co. in Moncton. As her newly hired all special journals and the general accountant, your task is to: journal; schedules of accounts a. Journalize the following transactions for the month of May. payable and accounts receivable (1) 3 (3) (140 min) b. Record in subsidiary ledgers and post to the general ledger as appropriate. c. Prepare a schedule of accounts receivable and a schedule of accounts payable Conk Figure at month-end. Total of Schedule of Accounts Reccivable \$5,624.65 Total of Schedule of Accounts Payable \$19,325.80 May 1 Liz Ames invested $25,000.00 and a printing press worth $30,000,00 in the business. 1 Paid three months' rent in advance to Riverfront Realty, cheque No. 3001,$2,100.00. 2 Purchased merchandise from Gant Paper Ca on account, \$5,247.25. Invoice No 24388, dated May 1, terms 2/10,n/30. 3 Sold merchandise to Dr. M. LaPeierre on account, $1,250. Invoice No,801, terms 2/10,n/30. Cost of inventory was $937,50. 6 Sold merchandise to Hon. N. Marachee on account, $2,457.50. Invoice no, 802 , terms 2/10,n/30. Cost of inventory was $1,843.15. 8 Purchased merchandise from Gant Paper Ca on account, \$1,500.00. Invoice No. 24451, dated March 7, terms 2/10, n/30. 9 Sold merchandise to Fern Michach, LLB, on account, $1,250.00. Invoice Na803, terms 2/10,n/30. Cost of inventory was $937.50. 10 Paid Jenkins Cleaning Service $287.50. Cheque No 3002 11 Paid Gant Paper Co. invoice No. 24388, dated May 2, cheque No 3003 , taking discount. 12 Dr. M. LaPeierre returned letterhead that cost $175.00 because of a design flaw Liz issued credit memorandum No.101 to the customer for this amount. Cost of inventory was $131.25. 12 Purchased merchandise from Markham Inks on account, \$985.25. Invoice No,931, dated May 12, terms 3/15, n/60. 13 Arranged $10,000,00 bank loan with Royal Bank. Deposited today to the company's bank account. 14 Sold paper stock for cash, \$585.00. Deposited today. Cost of inventory was $438.75. 15. Paid casual salaries to D. Lee, $970.00, cheque No. 3004 . 15 Returned merchandise to Markham Inks in the amount of \$235.00. Liz issued debit memorandum Na 25 for this amount. 16 Sold more paper stock for cash, \$1,500.00. Deposited today. Cost of inventory was $1,125,00. 16 Received payment from Hon. N. Marachee, invoice No. 802 , less discount. 17. Dr. M. LaPeierre paid invoice No. 801, less return, no discount. 18 Sold stationery supplies to B. Kirk, CPA, on account, $2,765.50. Invoice Na. 804, terms 2/10,n/30. Cost of inventory was 52,074.15. 19 Purchased used printing press on account from Maritime Equipment Sales, \$21,500.00. Invoice No. 30275, dated May 19 (no discount terms). 22 Sold to Dr. M. LaPeierre, additional stationery merchandise on account, $1,145.00. Invoice No. 805 , terms 2/10,n/30. Cost of inventory was $858.75. 23 Paid Markham Inks balance owed, cheque No. 3005, taking discount. 23 Sold merchandise on account to B. Kirk, CPA, \$724.65. Invoice No. 806 , terms 2/10,n/30. Cost of inventory was $543.50. 24 Purchased for cash, display supplies from MDS Supplies, $387.50. Cheque No. 3006. 26 Purchased envelope merchandise from Findlay and Fortune on account, $3,600.00. Invoice No. 6289, dated May 26, terms 2/10, n/30. 26 Dr. M. LaPeierre paid invoice No. 805, dated May 22, taking discount. 27 B. Kirk, CA, paid invoice No. 804, dated May 18, taking discount. 29 Purchased merchandise from Gant Paper Co,$3,475.80. Invoice No. 24722, dated May 28, terms 2/10,n/30. 30 Paid half of the balance to Maritime Equipment Sales on their invoice No. 30275 , cheque No. 3007. 31 Sold merchandise to Moncton Hospital on account, $3,650.00. Invoice No. 807 , terms 2/10,n/30. Cost of inventory was $2,737.50. FANCY WRITNG SUPPLY CO. SALES JOURNAL FANCY WRITING SUPPLY CO. CASH RECEIPTS JOURNAL FANCY WRITING SUPPLY CO. FANCY WRITING SUPPLY CO. FANCY WRITING SUPPLY CO. GENERAL JOURNAL FANCY WRTING SUPPLY CO. ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER FANCY WRITING SUPPLY CO. ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER FANCY WRITING SUPPLY CO. SCHEDULE OF ACCOUNTS RECEIVABLE MAY 31, 2021 FANCY WRITING SUPPLY CO. ACCOUNTS PAYABLE SUBSIDIARY LEDGER IAME: GANT PAPER CO. HAME MARIME EQUPMENT 5 SALES FANCY WRITING SUPPLY CO. ACCOUNTS PAYABLE SUBSIDIARY LEDGER FANCY WRITING SUPPLY CO. SCHEDULE OF ACCOUNTS PAYABLE MAY 31,2021 FANCY WRITNG SUPPLY CO. GENERAL LEDGER FANCY WRITING SUPPLY CO. GENERAL LEDGER FANCY WRITING SUPPLY CO. GENERAL LEDGER FANCY WRITING SUPPLY CO. GENERAL LEDGER