Question 1 of 1 Wildhorse 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 ledgers for Wildhorse are indicated in the working papers presented below. Also following are a series of transactions for Wildhorse 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. Account Number 101 112 115 120 126 130 157 ACO Cash GENERAL LEDGER Account Title Accounts Receivable Notes Receivable Inventory Supplies Prepaid Insurance Equipment January 1 Opening Balance $34,500 12,300 42,000 18,500 1,200 2,200 6.900 -/5 13 : 200

Question 1 of 1 0.13/5 CP1 Supplies Accumulated Depreciation-Equipment Question 1 of 1 0.13/5 eTextbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer Record the January transactions in a cash receipts journal. (Post entries in the order presented in the problem statement. Select "Not Applicable" in Account Credited column, if no customer is selected.) Question 1 of 1 0.13/5! eTextbook and Media stion 1 of 1 Wildhorse C. 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 ledgers for Wildhorse are indicated in the working papers presented below. Also following are a series of transactions for Wildhorse Ca 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. Record the January transactions in a cash payments journal. (Post entries in the order presented in the problem statement. Select" Not Applicable' in Account Debited column, if no castomer is selected) Record the January transactions in a cash payments journal. (Post entries in the order presented in the problem statement. Select "Not Applicable' in Account Debited column, If no customer is selected.) 17 Pay $800 cash for office supplies. 18 Return $300 of merchandise to S, Meek and receive credit. 20 Daily cash sales from January 11 to January 20 total $20,100. Make one journal entry for these sales. 21 Issue $17,000 note, maturing in 90 days, to R Moses in payment of balance due: 21 Receive payment in full from S. Mahay less cash discount. 22 Sell merchandise on account to B. Corpas $3,000, invoice no. 514 , and to R. Beltre $2,200, invoice no. 515 . 22 Post all entries to the subsidiary ledgers. 23 Send checks to D. Saito and S. Meek for full payment less cash discounts. 25 Sell merchandise on account to B. Santos $3,200, invoice no. $16, and to J. Revere $7,000, invoice no, 517. 27 Purchase merchandise from D. Saito $14,100, terms 1/10,n/30, D. Posey $3,200, terms n/30; and S, Gamel $5,700, terms n/30. 27 Post all entries to the subsidiaryledgers. 28 Pay $200 cash for office supplies. 31 Daily cash sales from January 21 to January 31 total $22,200. Make one journal entry for these sales. Question 1 of 1 0.13/5 Jan25 Jan25 B. Corpas B. Santos 1. Revere 514 515 517 Question 1 of 1 0.13/5 G1 CR1 \$1 Notes Recelvable Record the January transactions in a two -column general journal. (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. Record joumal entries in the order presented in the problem. List all debit entries before credit entries.) Jan. 3 Sell merchandise on account to B. Corpas $3,300, invoice no. 510 , and to J. Revere $1,900, invoice no. 511. 5 Purchase merchandise from S. Gamel $6,000 and D. Posey $2,900, terms n/30. 7 Receive checks from S. Mahay $3,800 and B. Santos $2,000 after discount period has lapsed. 8 Pay freight on merchandise purchased $245. 9 Send checks to S. Meek for $7,500 less 2% cash discount, and to D. Saito for $12,000 less 1% cash discount. 9 Issue credit of $300 to J. Revere for merchandise returned. 10 Daily cash sales from January 1 to January 10 total $15,500. Make one journal entry for these sales. 11 Sell merchandise on account to R. Beltre $1,600, invoice no. 512 , and to $.Mahay$900, invoice no. 513. 12 Pay rent of $1,200 for January. 13 Receive payment in full from B. Corpas and J. Revere less cash discounts. 15 Withdraw $800 cash by M. Wildhorse for personal use. 15 Post all entries to the subsidiaryledgers. 16 Purchase merchandise from D. Saito $14,000, terms 1/10,n/30;$. Meek $14,400, terms 2/10,n/30; and $. Game $1,300, terms n/30. Question 1 of 1 0.13/5 729 306 627 Question 1 of 1 Question 1 of 1 0.13/5 (Cost of merchandise returned.) (Received credit for returned goods.) (Payment of balance due.) Record the January transactions in a sales journal. (Post entries in the order presented in the problem statement.) Post the journals to the general ledger. (Post entries in the order of Joumal entry presented in the previous parts.) General Ledger Record the January transactions in a cash receipts journal. (Post entries in the order presented in the problem stotement. Select "Not Applicable" in Account Credited column, if no customer is selected.) Record the January transactions in a single-column purchases journal. (Post entrles in the order presented in the problem statement) Question 1 of 1 0.13/5 CP1 Supplies Accumulated Depreciation-Equipment Question 1 of 1 0.13/5 eTextbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer Record the January transactions in a cash receipts journal. (Post entries in the order presented in the problem statement. Select "Not Applicable" in Account Credited column, if no customer is selected.) Question 1 of 1 0.13/5! eTextbook and Media stion 1 of 1 Wildhorse C. 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 ledgers for Wildhorse are indicated in the working papers presented below. Also following are a series of transactions for Wildhorse Ca 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. Record the January transactions in a cash payments journal. (Post entries in the order presented in the problem statement. Select" Not Applicable' in Account Debited column, if no castomer is selected) Record the January transactions in a cash payments journal. (Post entries in the order presented in the problem statement. Select "Not Applicable' in Account Debited column, If no customer is selected.) 17 Pay $800 cash for office supplies. 18 Return $300 of merchandise to S, Meek and receive credit. 20 Daily cash sales from January 11 to January 20 total $20,100. Make one journal entry for these sales. 21 Issue $17,000 note, maturing in 90 days, to R Moses in payment of balance due: 21 Receive payment in full from S. Mahay less cash discount. 22 Sell merchandise on account to B. Corpas $3,000, invoice no. 514 , and to R. Beltre $2,200, invoice no. 515 . 22 Post all entries to the subsidiary ledgers. 23 Send checks to D. Saito and S. Meek for full payment less cash discounts. 25 Sell merchandise on account to B. Santos $3,200, invoice no. $16, and to J. Revere $7,000, invoice no, 517. 27 Purchase merchandise from D. Saito $14,100, terms 1/10,n/30, D. Posey $3,200, terms n/30; and S, Gamel $5,700, terms n/30. 27 Post all entries to the subsidiaryledgers. 28 Pay $200 cash for office supplies. 31 Daily cash sales from January 21 to January 31 total $22,200. Make one journal entry for these sales. Question 1 of 1 0.13/5 Jan25 Jan25 B. Corpas B. Santos 1. Revere 514 515 517 Question 1 of 1 0.13/5 G1 CR1 \$1 Notes Recelvable Record the January transactions in a two -column general journal. (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. Record joumal entries in the order presented in the problem. List all debit entries before credit entries.) Jan. 3 Sell merchandise on account to B. Corpas $3,300, invoice no. 510 , and to J. Revere $1,900, invoice no. 511. 5 Purchase merchandise from S. Gamel $6,000 and D. Posey $2,900, terms n/30. 7 Receive checks from S. Mahay $3,800 and B. Santos $2,000 after discount period has lapsed. 8 Pay freight on merchandise purchased $245. 9 Send checks to S. Meek for $7,500 less 2% cash discount, and to D. Saito for $12,000 less 1% cash discount. 9 Issue credit of $300 to J. Revere for merchandise returned. 10 Daily cash sales from January 1 to January 10 total $15,500. Make one journal entry for these sales. 11 Sell merchandise on account to R. Beltre $1,600, invoice no. 512 , and to $.Mahay$900, invoice no. 513. 12 Pay rent of $1,200 for January. 13 Receive payment in full from B. Corpas and J. Revere less cash discounts. 15 Withdraw $800 cash by M. Wildhorse for personal use. 15 Post all entries to the subsidiaryledgers. 16 Purchase merchandise from D. Saito $14,000, terms 1/10,n/30;$. Meek $14,400, terms 2/10,n/30; and $. Game $1,300, terms n/30. Question 1 of 1 0.13/5 729 306 627 Question 1 of 1 Question 1 of 1 0.13/5 (Cost of merchandise returned.) (Received credit for returned goods.) (Payment of balance due.) Record the January transactions in a sales journal. (Post entries in the order presented in the problem statement.) Post the journals to the general ledger. (Post entries in the order of Joumal entry presented in the previous parts.) General Ledger Record the January transactions in a cash receipts journal. (Post entries in the order presented in the problem stotement. Select "Not Applicable" in Account Credited column, if no customer is selected.) Record the January transactions in a single-column purchases journal. (Post entrles in the order presented in the problem statement)