Put-A-Wrench-In-It sells tools. During the month of October 2018, the following transactions occurred.

Oct 3 Purchased inventory for $6,300 on account from Block and Deck

Oct 7 Paid salaries for $2,100 with Check #256

Oct 10 Purchased inventory for $4,100 cash from Malida Inc. with Check #257

Oct 17 Paid the full amount owing to Block and Deck from the Oct 3 transaction with Check #258

Oct 24 Purchased inventory for $7,700 on account from Debolt Inc.

Assume zero opening balances for the subledger and general ledger accounts. Assume no entries were made directly to the accounts payable general ledger from the general journal.

Use the following selected accounts to complete the posting references.

Account Description Account # Account Description Account #

Cash 101 Owners Withdrawals 310

Accounts Receivable 110 Sales Revenue 400

Merchandise Inventory 120 Sales Discount 405

Office Supplies 130 Interest Revenue 410

Accounts Payable 200 Cost of Goods Sold 500

Notes Payable 220 Salaries Expense 520

Owners Capital 300 Telephone Expense 525

Post the appropriate transactions in the sales journal and the cash receipts journal. At the end of the month, total the journals and update the accounts receivable controlling account.

Account: Accounts Receivable GL No.
Date	Description	PR	DR	CR	Balance

Account: Block and Deck
Date	PR	DR	CR	Balance

Account: Debolt Inc.
Date	PR	DR	CR	Balance