PROMPT: Post the journals to the general and subsidiary ledgers. Add and number new accounts in an orderly fashion as needed.

Stellar Company has the following opening account balances in its general and subsidiary ledgers on January 1 and uses the periodic inventory system. All accounts have normal debit and credit balances.

General Ledger Account Number Account Title January 1 Opening Balance 101 Cash $31,120 112 Accounts Receivable 12,350 115 Notes Receivable 39,900 120 Inventory 19,000 125 Supplies 950 130 Prepaid Insurance 1,900 157 Equipment 6,130 158 Accumulated DepreciationEquip. 1,430 201 Accounts Payable 33,250 311 Common Stock 66,500 320 Retained Earnings 10,170

SCHEDULE OF ACCOUNTS RECEIVABLE (from accounts receivable subsidiary ledger) Customer January 1 Opening Balance G. Dukes $1,710 M. Hall 6,840 L. Longhini 3,800 SCHEDULE OF ACCOUNTS PAYABLE (from accounts payable subsidiary ledger) Creditor January 1 Opening Balance O. Kitson $8,550 D. Markoff 14,250 L. Quinn 10,450

In addition, the following transactions have not been journalized for January 2022.

Jan. 3 Sell merchandise on account to W. Rayms $3,420, invoice no. 510, and M. Fischer $1,710, invoice no. 511. 5 Purchase merchandise on account from K. Zapfel $2,850 and J. Liotta $2,280. 7 Receive checks for $3,800 from L. Longhini and $1,900 from M. Hall. 8 Pay freight on merchandise purchased $170. 9 Send checks to O. Kitson for $8,550 and L. Quinn for $10,450. 9 Issue credit of $230 to M. Fischer for merchandise returned. 10 Summary cash sales total $14,730. 11 Sell merchandise on account to G. Dukes for $1,810, invoice no. 512, and to L. Longhini $860, invoice no. 513. Post all entries to the subsidiary ledgers. 12 Pay rent of $950 for January. 13 Receive payment in full from W. Rayms and M. Fischer. 15 Pay cash dividend of $620. 16 Purchase merchandise on account from L. Quinn for $14,250, from O. Kitson for $13,210, and from K. Zapfel for $1,430. 17 Pay $380 cash for office supplies. 18 Return $190 of merchandise to O. Kitson and receive credit. 20 Summary cash sales total $16,860. 21 Issue $14,250 note to D. Markoff in payment of balance due. 21 Receive payment in full from L. Longhini. Post all entries to the subsidiary ledgers. 22 Sell merchandise on account to W. Rayms for $3,520, invoice no. 514, and to G. Dukes for $760, invoice no. 515. 23 Send checks to L. Quinn and O. Kitson in full payment. 25 Sell merchandise on account to M. Hall for $3,330, invoice no. 516, and to M. Fischer for $5,800, invoice no. 517. 27 Purchase merchandise on account from L. Quinn for $11,880, from J. Liotta $1,140, and from K. Zapfel for $2,660. 28 Pay $190 cash for office supplies. 31 Summary cash sales total $21,770. 31 Pay sales salaries of $4,090 and office salaries of $2,950.

Post the journals to the general and subsidiary ledgers. Add and number new accounts in an orderly fashion as needed. (Post entries in the order of journal entries presented in the previous part. If the ending balance is o select Bal for the date and enter O fort normal balance for that account.) General Ledger Cash No. 101 Date Explanation Ref Debit Credit Balance Jan 1 Balance 31120 31 CR1 31 CP1 Accounts Receivable No. 112 Date Explanation Ref Debit Credit Balance Jan 1 Balance 31 S1 31 CR1 9 G1 Notes Receivable No. 115 Date Explanation Ref Debit Credit Balance Jan 1 Balance Inventory No. 120 Date Explanation Ref Debit Credit Balance Jan 1 Balance Supplies No. 125 Date Explanation Ref Debit Credit Balance Jan 1 Balance 31 CP1 Prepaid Insurance No. 130 Date Explanation Ref Debit Credit Balance Jan 1 Balance Equipment No. 157 Date Explanation Ref Debit Credit Balance Jan 1 Balance Accumulated Depreciation-Equipment No. 158 Date Explanation Ref Debit Credit Balance Jan 1 Balance Notes Payable No. 200 Date Explanation Ref Debit Credit Balance Jan 21 G1 Accounts Payable No. 201 Date Explanation Ref Debit Credit Balance Jan 1 Balance 31 P1 31 CP1 18 G1 21 G1 Common Stock No. 311 Date Explanation Ref Debit Credit Balance Jan 1 Balance Retained Earnings No. 320 Date Explanation Ref Debit Credit Balance Jan 1 Balance Cash Dividends No. 332 Date Explanation Ref Debit Credit Balance Jan 15 CP1 Sales Revenue No. 401 Date Explanation Ref Debit Credit Balance Jan 31 S1 31 CR1 Sales Returns and Allowances No. 412 Date Explanation Ref Debit Credit Balance Jan 9 G1 Purchases No. 510 Date Explanation Ref Debit Credit Balance Jan 31 P1 Purchase Returns and Allowances No. 512 Date Explanation Ref Debit Credit Balance Jan 18 G1 Freight-In No. 516 Date Explanation Ref Debit Credit Balance Jan 8 CP1 Salaries and Wages Expense No. 627 Date Explanation Ref Debit Credit Balance Jan 31 CP1 Rent Expense No. 729 Date Explanation Ref Debit Credit Balance Jan 12 CP1 Accounts Receivable Subsidiary Ledger G. Dukes Date Explanation Ref Debit Credit Balance Jan 1 Balance 11 S1 22 S1 M. Fischer Date Explanation Ref Debit Credit Balance Jan 3 S1 9 G1 13 CR1 | 25 S1 M. Hall Date Explanation Ref Debit Credit Balance Jan 1 Balance 7 CR1 25 S1 L. Longhini Date Explanation Ref Debit Credit Balance Jan 1 Balance 7 CR1 11 S1 21 CR1 W. Rayms Date Explanation Ref Debit Credit Balance Jan 3 S1 13 CR1 22 S1 Accounts Payable Subsidiary Ledger J. Liotta Date Explanation Ref Debit Credit Balance Jan 5 P1 27 P1 0. Kitson Date Explanation Ref Debit Credit Balance Jan 1 Balance 9 CP1 16 P1 18 G1 23 CP1 D. Markoff Date Explanation Ref Debit Credit Balance Jan 1 Balance 21 G1 L. Quinn Date Explanation Ref Debit Credit Balance Jan 1 Balance 9 CP1 16 P1 23 CP1 27 P1 K. Zapfel Date Explanation Ref Debit Credit Balance Jan 5 P1 16 P1 27 P1