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please help me Problem 7-3B Special journals, subledgers-perpetual LO* Duncan Industries completed these transactions during July 2014. The terms of al cradlt sales ane 2/10,
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Problem 7-3B Special journals, subledgers-perpetual LO* Duncan Industries completed these transactions during July 2014. The terms of al cradlt sales ane 2/10, 4/30 July Purchased merchandise on credit from Beech Company, invoice dated 1 june 30, terms 2/10, n/30, $14,500. 3 issued cheque #300 to The Weekly Jaumol for advertising espese, s 1,075. 5 Sold merchandise on credit to Karen Harden, invoice #918, 535,000. Cost, $19,250. 6 Sold merchandise on credit to Paul Kane, invoice 8919, 516,000. Cost, 58,800 7 Purchased store supplies on credit from Blackwater Inc., $2,300. Inwoice dated July 7, terms n/10 EOM Received a 5300 credit memorandum from Blackwater Inc. for store supplies received on july 7 and returned for creda 8 stn Churchil 3as-473 9 Purchased store equipment on credit from Poppe's Supply, invoice dated luly 8, terms n/10 EOM, $72,500. 10 Issued cheque #301 to Beech Company in payment of its lune 30 iwokce 13 Sold merchandise on credit to 14 15 Received payment from Karen Harden for the jly 5 sale 15 Issued cheque #302, payable to Payroll, in payment of the sales salaries for the elly Crady, irvoice 1920, 517,200 Cost, 59,460 Sold merchandise on credit to Karen Harden, imoxe ?921, s.200, cost, uso. first half of the month, $60,400. For simplicity, we avame one deque sales are usualily recorded daily rom the cash register readingi. Howevr, they ane recorded only once in this probiem to reduce the repetitive trarsoctions. 15 Cash sales for the first halt of the month were $242.740. Co, $133,500. Cash Required Set up Accounts Payable Subledger accounts for Bech Company, Slackwater Inc. Poppe's Supply and Sprague Company 1. Set up Accounts Receivable Subledger accounts for Kelly Grodly, Karen Harden, and Pul Kane into the appropriate special journal, poszing to the 3. Journalize the transactions of Duncan Industries into the appropriate special joumal subledgers where required. Use page 3 for all journalsStep by Step Solution
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