Problem 6-2 Listed below are the transactions of a merchandising firm. May 1 Received payment from Smith Co., $1500 less 1% discount. May 2 Received payment from Howard Co., $500. May 3 Sold merchandise, $700 cash. May 5 recorded) and 2% discount. Check #1025 May 8 Paid the Grango Co. $900 on outstanding account. Check #1026 May 10 Paid salaries, $2,500. Check #1027 May 12 Sold merchandise, $390 cash. May 14 Received payment from Saltz Co., $200 less 2% discount. May 15 Paid Marcy Co. for invoiced $700 less 1% discount. Check #1028 Required: a) Record the following transactions in the Cash Disbursements Journal(CD), Cash Receipts Journal (CR), and General Journal (GJ). Foot and cross foot the journals. b) Post the transactions to the appropriate ledgers. Paid the Delco Company for invoiced $250, less $50 return (previously Cash Receipts Journal Accounts Receivable Sales Sundry Cr. Account Names Sales Discount Dr. Cr. Post CA Rot Arnout Credit Cash Disbursements Journal Post Purchase Account Debited Ref Cash (Cr.) Discount (Cr.) Check Accounts Payable Dr.) Sundry (Dr.) de Number General Journal FR Debit Credit Account Title Date Problem 6-2 Smith Company Accounts Receivable Subsidiary Ledger Howard Company 5001 1.500 Salt Company 200 T Accounts Payable Subsidiary Ledger Delco Company Grango Company Marcey Company 250 1600 700 50 General Ledger Account Number 101 Cash Account Number 102 Accounts Receivable Account Number 201 Accounts Payable Account Number 401 Sales Account Number 503 Dep. Exp., Store Equip Account Number 504 Acc. Depr., Store Equip. Account Number 508 Salaries Expense 86