R. Blossom Co. uses special journals and a general journal. The following transactions occurred during May 2020.

May 1		R. Blossom invested $47,100 cash in the business.
2		Sold merchandise to Lawrie Co. for $6,200 cash. The cost of the merchandise sold was $3,860.
3		Purchased merchandise for $7,090 from J. Moskos using check no. 101.
14		Paid salary to H. Rivera $515 by issuing check no. 102.
16		Sold merchandise on account to K. Stanton for $1,000, terms n/30. The cost of the merchandise sold was $620.
22		A check of $8,740 is received from M. Mangini in full for invoice 101; no discount given.

(a)

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Prepare a multiple-column cash receipts journal and record the transactions for May that should be journalized. (Record entries in the order presented in the problem statement.)

R. BLOSSOM CO. Cash Receipts Journal
															CR1
Date		Account Credited		Ref.	Cash Dr.		Sales Discounts Dr.		Accounts Receivable Cr.		Sales Revenue Cr.		Other Accounts Cr.		Cost of Goods Sold Dr. Inventory Cr.
2020
Choose a transaction date May 1May 2May 3May 14May 16May 22		Select an account title H. RiveraLawrie Co.J. MoskosOwners CapitalK. StantonSalaries and Wages ExpenseInventoryAccounts ReceivableM. Mangini			Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount
Choose a transaction date May 1May 2May 3May 14May 16May 22		Select an account title Accounts ReceivableInventoryM. ManginiOwners CapitalH. RiveraK. StantonSalaries and Wages ExpenseLawrie Co.J. Moskos			Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount
Choose a transaction date May 1May 2May 3May 14May 16May 22		Select an account title InventoryLawrie Co.Salaries and Wages ExpenseJ. MoskosK. StantonAccounts ReceivableOwners CapitalH. RiveraM. Mangini			Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount
					Enter a total amount for this column		Enter a total amount for this column		Enter a total amount for this column		Enter a total amount for this column		Enter a total amount for this column		Enter a total amount for this column

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(b)

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Prepare a multiple-column cash payments journal and record the transactions for May that should be journalized. (Record entries in the order presented in the problem statement.)

R. BLOSSOMCO. Cash Payments Journal
												CP1
Date		Ck. No.		Account Debited	Ref.	Other Accounts Dr.		Accounts Payable Dr.		Inventory Cr.		Cash Cr.
2020
Choose a transaction date May 1May 2May 3May 14May 16May 22		Select a check number 101102		Select an account title Accounts ReceivableSalaries and Wages ExpenseM. ManginiLawrie Co.InventoryK. StantonJ. MoskosH. RiveraOwners Capital		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount
Choose a transaction date May 1May 2May 3May 14May 16May 22		Select a check number 101102		Select an account title Salaries and Wages ExpenseK. StantonOwners CapitalInventoryH. RiveraAccounts ReceivableLawrie Co.J. MoskosM. Mangini		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount
						Enter a total amount for this column		Enter a total amount for this column		Enter a total amount for this column		Enter a total amount for this column

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