Presented below are the purchases and cash payments journals for Fornelli Co. for its first month of operations.

PURCHASES JOURNAL
Date	Account Credited	Ref.	Amount
July 4	Alvarado		6,800
5	Rees		8,100
11	Gallup		5,920
13	Werly		15,300
20	Mangus		7,900
Total			44,020

CASH PAYMENT JOURNAL
Date	Particular	Ref.	Total amount $	Purchase discount $	Details
					Accounts Payable	Cash Purchase	Other
July 4	Supplies		600				600
10	Rees		8,019	81	8,100
11	Prepaid Rent		6,000				6,000
15	Alvarado		6,800		6,800
19	Owners Drawings		2,500				2,500
21	Werly		15,147	153	15,300
Total			39,066	234	30,200		9,100

In addition, the following transactions have not been journalized for July. The cost of all merchandise sold was 65% of the sales price.

July 1 The founder, N. Fornelli, invests $80,000 in cash.

6 Sell merchandise on account to Dow Co. $6,200 terms 1/10, n/30.

7 Make cash sales totaling $8,000.

8 Sell merchandise on account to S. Goebel $4,600, terms 1/10, n/30.

10 Sell merchandise on account to W. Leiss $4,900, terms 1/10, n/30.

13 Receive payment in full from S. Goebel.

16 Receive payment in full from W. Leiss.

20 Receive payment in full from Dow Co.

21 Sell merchandise on account to H. Kenney $5,000, terms 1/10, n/30.

29 Returned damaged goods to N. Alvarado and received cash refund of $420.

Instructions

a) Journalize the transactions that have not been journalized in the sales journal and the cash receipts journal.

b) Post to the accounts receivable and accounts payable subsidiary ledgers. Follow the sequence of transactions as shown in the problem.

Please Answer it Before My Submission it's after 1 day (LONG Question)