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Please help me with this problem. Special journals and subledgers. Thank you! Moore Corporation is a major distributor of ofce supplies. All sales are on

Please help me with this problem. Special journals and subledgers. Thank you!

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Moore Corporation is a major distributor of ofce supplies. All sales are on terms 1ND, n!15. During March, the following selected transactions occurred. For each transaction. identify into which specialjournal it should bejournalized. Also indicate which subledgerts} is {are} affected. Use the list of codes to label your answers. Moore Corporation uses a perpetual inventory system. Special Journals Sales Purchases Cash receipts Cash disbursements General journal a 9 9 n m nk-lodgers Accounts receivable Accounts payable Merchandise inventory No effect March [)1 Sold merchandise on credit March 02 Defective merchandise sold on March 1 was returned bythe customer. ltwas scrapped. March 03 Purchased ofce equipment on credit terms him. March (15 Received payment regarding the March 1 sale. March 10 Received a credit memo from the supplier regarding defective equipment purchased on March 3. March 14 Sold merchandise for cash. March 16 Purchased merchandise inventory on credit; terms 11'5, nISD. March 1? Paid the balance owing on the March 3 transaction. March 13 Purchased merchandise inventory for cash. March 21 Paid for the merchandise purchased on March '16. March 22 Sold cid equipmentfor cash. March 30 Paid salaries for the month of March. March 30 Accrued utilities for the month of March. March 3-0 Closed the credit balance in the Income summary to capital

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