Please record merchandising transactions to special journals: General Journal, Revenue Journal, Cash Receipts Journal, Purchases Journal, & Cash Payments journal

1 Purchased merchandise on account from Kilness Co., FOB destination 2% /10 n/30 25,000125,000 2,400 3,600 24,000 7,410 4,500 46,000 66,000 1 Rented a small shed next to the manufacturing facility, paid one year in advance 1 Rented the small shed to Paulsen Co. who paid one year in advance 2 Sold merchandise for cash 2,400 4 Purchased merchandise on account from Guthrie Co., FOB destination 2% /10 n/30 2%/10 n/30 2% /10 n/30 5 Sold merchandise to Franklin Inc. FOB destination, 2/10, n/30, invoice # 1 6 Sold merchandise to Dolly Inc. FOB destination, 2/10, n/30, Invoice # 2 6,500 The cost of the merchandise sold was 10 Purchased newspaper advertising on account from the Meeteetse Daily News 10 Paid Kiness for the purchase of January 1 Check # 2 11 Purchased office equipment from Blankenhagen Office Supplies on account 12 Purchased merchandise on account from Kilness Co., FOB destination 14 Purchased merchandise on account from Guthrie Co., FOB destination 14 Paid receptionist for two weeks' salary Check # 3 14 Paid wages for the shipping personnel check # 4 15 Received cash from Franklin for sale of January 5th 17 Sold merchandise for cash 18 Paid cash for supplies Check # 5 20 Paid Guthrie for the purchase of January 4th Check # 6 22 Sold merchandise to Franklin Inc. FOB destination, 2/10, n/30, invoice # 3 27 Paid part-time receptionist for two weeks' salary Check # 7 27 Paid wages for the shipping personnel check # 8 28 Sold merchandise for cash 29 Paid telephone bill for January Check # 9 30 Paid electricity bill for January Check # 10 31 Paid Thompson Shipping Co. for January freight out Check # 11 31 Paid sales commissions for the month of January Check #12 31 Declare a cash dividend on common stock 9,500 7,50040,000 42,000 800 3,000 2%/10 n/30 2% /10 n/30 7,500 16,000 1,100 2%/10 n/30 2,75030,000 800 3,000 8,250 85,000 700 2,600 4,800 Per Share 1 Purchased merchandise on account from Kilness Co., FOB destination 2% /10 n/30 25,000125,000 2,400 3,600 24,000 7,410 4,500 46,000 66,000 1 Rented a small shed next to the manufacturing facility, paid one year in advance 1 Rented the small shed to Paulsen Co. who paid one year in advance 2 Sold merchandise for cash 2,400 4 Purchased merchandise on account from Guthrie Co., FOB destination 2% /10 n/30 2%/10 n/30 2% /10 n/30 5 Sold merchandise to Franklin Inc. FOB destination, 2/10, n/30, invoice # 1 6 Sold merchandise to Dolly Inc. FOB destination, 2/10, n/30, Invoice # 2 6,500 The cost of the merchandise sold was 10 Purchased newspaper advertising on account from the Meeteetse Daily News 10 Paid Kiness for the purchase of January 1 Check # 2 11 Purchased office equipment from Blankenhagen Office Supplies on account 12 Purchased merchandise on account from Kilness Co., FOB destination 14 Purchased merchandise on account from Guthrie Co., FOB destination 14 Paid receptionist for two weeks' salary Check # 3 14 Paid wages for the shipping personnel check # 4 15 Received cash from Franklin for sale of January 5th 17 Sold merchandise for cash 18 Paid cash for supplies Check # 5 20 Paid Guthrie for the purchase of January 4th Check # 6 22 Sold merchandise to Franklin Inc. FOB destination, 2/10, n/30, invoice # 3 27 Paid part-time receptionist for two weeks' salary Check # 7 27 Paid wages for the shipping personnel check # 8 28 Sold merchandise for cash 29 Paid telephone bill for January Check # 9 30 Paid electricity bill for January Check # 10 31 Paid Thompson Shipping Co. for January freight out Check # 11 31 Paid sales commissions for the month of January Check #12 31 Declare a cash dividend on common stock 9,500 7,50040,000 42,000 800 3,000 2%/10 n/30 2% /10 n/30 7,500 16,000 1,100 2%/10 n/30 2,75030,000 800 3,000 8,250 85,000 700 2,600 4,800 Per Share