Please write the answers in the exact same format as the questions are asked so it's easy to read.

Accounting Cycle Review 7-01 a1-f2 Pharoah Co. uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger. Balances related to both the general ledger and the subsidiary ledger for Pharoah are indicated in the working papers. Presented below are a series of transactions for Pharoah Co. for the month of January. Credit sales terms are 2/10, n/30. The cost of all merchandise sold was 60% of the sales price. GENERAL LEDGER Account Number 101 112 115 120 126 130 Account Title Cash Accounts Receivable Notes Receivable Inventory Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equip. Accounts Payable Owner's Capital January 1 Opening Balance $38,250 12.300 42,000 15,500 1,500 2,000 8,700 1,600 157 158 37,000 201 301 81,650 Schedule of Accounts Receivable (from accounts receivable subsidiary ledger) January 1 Customer Opening Balance R. Beltre $1,600 B. Santos 7,300 S. Mahay 3,400 Schedule of Accounts Payable (from accounts payable subsidiary ledger) January 1 Customer Opening Balance S. Meek $9.000 R. Moses 17,000 D. Saito 11,000 Jan. 3 5 8 9 9 10 11 12 13 15 15 16 17 Sell merchandise on account to B. Corpas $3,400, invoice no. 510, and to J. Revere $2,000, invoice no. 511. Purchase merchandise from S. Gamel $6,000 and D. Posey S2,900, terms n/30. Receive checks from S. Mahay $3,400 and B. Santos $2,000 after discount period has lapsed. Pay freight on merchandise purchased $225. Send checks to S. Meek for $9,000 less 2% cash discount, and to D. Saito for $11,000 less 1% cash discount. Issue credit of $300 to J. Revere for merchandise returned. Daily cash sales from January 1 to January 10 total $17,500. Make one journal entry for these sales. Sell merchandise on account to R. Beltre $1,600, invoice no. 512, and to S. Mahay $900, invoice no. 513. Pay rent of $1,400 for January, Receive payment in full from B. Corpas and J. Revere less cash discounts. Withdraw 5800 cash by M. Pharoah for personal use. Post all entries to the subsidiary ledgers. Purchase merchandise from D. Saito $14,000, terms 1/10, n/30; S. Meek $14,600, terms 2/10, n/30; and S. Gamel $1,600, terms n/30. Pay $400 cash for office supplies. Return $300 of merchandise to S. Meek and receive credit. Daily cash sales from January 11 to January 20 total $22,100. Make one journal entry for these sales. Issue $17,000 note, maturing in 90 days, to R. Moses in payment of balance due. Receive payment in full from S. Mahay less cash discount. Sell merchandise on account to B. Corpas $2,900, invoice no. 514, and to R. Beltre $2,500, invoice no. 515. Post all entries to the subsidiary ledgers. Send checks to D. Saito and S. Meek in full payment less cash discounts. Sell merchandise on account to B. Santos $3,900, invoice no. 516, and to 3. Revere 56,100, invoice no. 517. Purchase merchandise from D. Saito $15,000, terms 1/10, n/30; D. Posey $3,300, terms n/30; and S. Gamel $5,700, terms n/30. Post all entries to the subsidiary ledgers. Pay $200 cash for office supplies. Daily cash sales from January 21 to January 31 total $23,700. Make one journal entry for these sales. Pay sales salaries $4,900 and office salaries $3,800. 18 20 21 21 22 22 23 25 27 27 28 31 31 Record the January transactions in a sales journal. (Post entries in the order presented in the problem statement.) Sales Journal S1 Date Account Receivable Dr. Sales Revenue Cr. Account Debited Invoice No. Cost of Good Sold Dr. Inventory Cr. Ref. Jan. 3 B. Corpas 510 3400 2040 Jan. 3 3. Revere 511 2000 1200 Jan. 117 R. Beltre 512 1600 960 Jan. 11 S. Mahay 513 900 540 Jan. 22 B. Corpas 514 2900 1740 Jan. 22 R. Beltre 515 2500 1500 Jan. 25 B. Santos 516 3900 2340 Jan. 25 J. Revere 517 6100 3660 23300 13980 LINK TO TEXT LINK TO TEXT Your answer is correct. Record the January transactions in a single-column purchases journal. (Post entries in the order presented in the problem statement.) Purchases Journal P1 Inventory Dr. Account Credited Ref. Accounts Payable Cr. S. Gamel n/30 Date Terms Jan. 5 V 6000 Jan. 5 D. Posey n/30 2900 Jan. 16 D. Saito 1/10, n/30 14000 Jan. 167 S. Meek 2/10, n/30 V 14600 Jan. 16 n/30 1600 S. Gamel ! D. Saito Jan. 27 1/10, n/30 V 15000 Jan. 27 D. Posey n/30 3300 Jan. 27 S. Gamel n/30 5700 63100 Cash Receipts Journal CR1 Date Sales Discounts Dr. Cash Dr. Sales Revenue Cr. Other Accounts Cr. Account Credited Ref. Account Receivable Cr. Cost of Good Sold Dr. Inventory Cr. Jan. 7 S. Mahay v 3400 3400 M Jan. 7 V B. Santos 2000 2000 v Jan. 10 17500 17500 10500 1 Jan. 13 B. Corpas 3332 68 3400 Jan. 13 3. Revere 1666 35 1700 M Jan. 20 22100 22100 13260 M Jan. 21 S. Mahay 882 18 900 M M ! Jan. 31 23700 23700 14220 74580 121 11400 63300 37980 LINK TO TEXT LINK TO TEXT Your answer is correct. Record the January transactions in a cash payments journal. (Post entries in the order presented in the problem statement.) Cash Payments Journal Date Accounts Payable Other Accounts Dr. Account Debited CP1 Cash Cr. Supplies Dr. Inventory Cr. Ref. Dr. Jan. 8 Inventory 120 225 225 I! Jan. 9 S. Meek 9000 180 8820 Jan. 9 D. Saito 11000 110 10890 M Jan. 12 Rent Expense 729 1400 1400 M M Jan. 15 Owner's Drawings 306 800 800 TEHTUUUU90 7 Jan. 177 400 400 Jan. 23 D. Saito 14000 140 13860 M Jan. 23 S. Meek V 14300 286 14014 M Jan. 28 200 200 Jan. 31 Salaries and Wages Expense 627 8700 8700 11125 48300 600 716 59309 Your answer is correct. Record the January transactions in a two-column general journal. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Account Titles and Explanation Debit Credit Jan. 9 Sales Returns and Allowances 300 Date Accounts Receivable 300 (Issued credit for merchandise returned.) Jan. 9 Inventory 180 Cost of Goods Sold 180 (Cost of merchandise returned.) Jan. 18 | Accounts Payable 300 Inventory 300 (Received credit for returned goods.) Jan. 21 Accounts Payable 17000 Notes Payable 17000 (Payment of balance due.) Your answer is partially correct. Try again. Post the journals to the general ledger. (Post entries in the order of Journal entry presented in the previous parts.) General Ledger Cash No. 101 Balance Date Explanation Ref. Debit Credit Jan. 1 Balance X 31 X CR1 1575000 1575000 31 CP1 No. 112 Accounts Receivable Date Explanation Ref. Debit Credit Balance Jan. 1 Balance x 31 S1 31 CR1 X 9 G1 Notes Receivable Date Explanation No. 115 Balance Ref. Debit Credit Jan. 1 Balance No. 120 Inventory Date Explanation Ref. Debit Credit Balance Jan. 1 Balance X 31 P1 31 S1 31 CR1 X CP1 8 31 CP1 9 G1 18 G1 Supplies Date Explanation No. 125 Balance Ref. Debit Credit Jan. 1 Balance 31 CP1 Prepaid Insurance Date Explanation No. 130 Balance Ref. Debit Credit Jan. 1 Balance Equipment Date No. 157 Balance Explanation Ref. Debit Credit Jan. 1 Balance Accumulated Depreciation Equipment Date Explanation No. 158 Balance Ref. Debit Credit Jan. 1 Balance 7 Notes Payable Date Explanation No. 200 Balance Ref. Debit Credit Jan. 21 G1 No. 201 Accounts Payable Date Explanation Ref. Debit Credit Balance Jan. 1 Balance 31 P1 31 CP1 18 G1 21 G1 No. 301 Owner's Capital Date Explanation Ref. Debit Credit Balance Jan. 1 Balance 1 V No. 306 Owner's Drawings Date Explanation Ref. Debit Credit Balance Jan 15 CP1 Sales Revenue Date Explanation No, 401 , Balance Ref. Debit Credit Jan. 31 S1 31 CR1 No. 412 Balance Ref. Debit Credit Sales Returns and Allowances Date Explanation Jan. 9 G1 Sales Discounts Date Explanation No. 414 Balance Ref. Debit Credit Jan. 31 CR1 Cost of Goods Sold Date Explanation No. 505 Balance Ref. Debit Credit Jan. 31 S1 31 CR1 9 G1 Salaries and Wages Expense Date Explanation No. 627 Balance Ref. Debit Credit Jan. 31 CP1 Rent Expense Date Explanation No. 729 Balance Ref. Debit Credit Jan, 12 CP1 Accounts Receivable Subsidiary Ledger R. Beltre Date Explanation Ref. Debit Credit Balance Jan. 1 Balance V 11 S1 22 S1 J. Revere Date Explanation Ref. Debit Credit Balance Jan. 3 S1 9 G1 13 CR1 25 S1 B. Santos Date Explanation Ref. Debit Credit Balance Jan. 1 Balance 7 7 CR1 25 S1 S. Mahey Date Explanation Ref. Debit Credit Balance Jan. 1 Balance 7 CR1 11 S1 21 CR1 B. Corpas Date Explanation Ref. Debit Credit Balance Jan. 3 S1 13 CR1 22 S1 Accounts Payable Subsidiary Ledger D. Posey Date Explanation Ref. Debit Credit Balance Jan. 5 P1 27 P1 S. Meek Date Explanation Ref. Debit Credit Balance Jan. 1 Balance 9 CP1 16 P1 18 G1 DI 23 CP1 R. Moses Date Explanation Ref. Debit Credit Balance Jan. 1 Balance V 21 G1 D. Saito Date Explanation Ref. Debit Credit Balance Jan. 1 Balance 9 CP1 16 P1 23 CP1 idi 27 P1 S. Gamel Date Explanation Ref. Debit Credit Balance Jan. 5 P1 SEE 16 P1 27 P1