Record December Transactions in General Journal 12/16/Y2 Paid A. Phillips (paid by check) (Hint: Salaries Payable] 12/18/Y2 Paid electric bill (paid by check) 12/18/Y2 Paid Dividends of S2000. (paid by check) 12/19/Y2 Paid XYZ, Inc. (paid by check) 12/20/42 Purchased office supplies for $400 (paid by check) 12/22/Y2 Received phone bill for S275 from AT&T (didn't pay it) 12/24/Y2 Weekly cash sales included: 1001 (17@$125), 1002 (7@$190), 1003 (6@$250). 1004 (1@5500) Sales tax of 9.125% is added to all sales. Cash deposited into checking account on transaction date. Watson Sales uses a perpetunl inventory system 12/24/Y2 The following sale was made on account to A. McMullen: 1001 (3@$125), 1004 (1@5500) Sales tax of 9.125% is added to all sales. Watson Sales uses a perpetual inventory system. Shipping cost of $16 was paid by Watson's for this order. 12/28/Y2 Paid $3000 for another 3 months of insurance (paid by check) 12/28/Y2 Received inventory item 1005 (32 units @ $250 plus shipping of 524) from MNO, Inc. on account Watson Sales uses a perpetual inventory system. (Hint: Shipping is part of the cost of inventory This is important now and later for COGS.) 12/28/Y2 Received $1000 from C. McKnight; deposited. 12/30/Y2 Weekly Sales included: 1001 (16@$125), 1002 (10@S190), 1003 (3@$250), 1004 (3@5500). 1005 (1@5620) Sales tax of 9.125% is added to all sales. Cash deposited into checking account on transaction date. Watson Sales uses a perpetual inventory system. 12/30/Y2 The following sales were made on account: To K. Oxner 1002 (3@S190) To L. Young 1005 (1@5620) . Shipping cost of S28 was paid by Watson for these two orders but not charged to customers. Sales tax of 9,125% is added to all sales. Watson Sales se perpetual inventory system, 12/31/Y2 Paid all Sales tax due (paid by check) Post from Journal to T-accounts As you post a transaction, record a check mark or an X in the post reference column of the joumal. For each entry in the general ledger (t-accounts), include a data. Keep the General Ledger and Subsidiaries where appropriate on a different tab in the Gl. Excel file Prepare Trial Balance Remember, you don't have to list accounts with a zero balance When your trial balance is in balance, highlight your t-account balances in YELLOW. Check Figures Trial Balance Dehits5575.177.86 Cash on Deposit-S18.839.55 Sales Revenue 5.300,290.00 Cost of Goods Sold S120,156.50 Record December Transactions in General Journal 12/16/Y2 Paid A. Phillips (paid by check) (Hint: Salaries Payable] 12/18/Y2 Paid electric bill (paid by check) 12/18/Y2 Paid Dividends of S2000. (paid by check) 12/19/Y2 Paid XYZ, Inc. (paid by check) 12/20/42 Purchased office supplies for $400 (paid by check) 12/22/Y2 Received phone bill for S275 from AT&T (didn't pay it) 12/24/Y2 Weekly cash sales included: 1001 (17@$125), 1002 (7@$190), 1003 (6@$250). 1004 (1@5500) Sales tax of 9.125% is added to all sales. Cash deposited into checking account on transaction date. Watson Sales uses a perpetunl inventory system 12/24/Y2 The following sale was made on account to A. McMullen: 1001 (3@$125), 1004 (1@5500) Sales tax of 9.125% is added to all sales. Watson Sales uses a perpetual inventory system. Shipping cost of $16 was paid by Watson's for this order. 12/28/Y2 Paid $3000 for another 3 months of insurance (paid by check) 12/28/Y2 Received inventory item 1005 (32 units @ $250 plus shipping of 524) from MNO, Inc. on account Watson Sales uses a perpetual inventory system. (Hint: Shipping is part of the cost of inventory This is important now and later for COGS.) 12/28/Y2 Received $1000 from C. McKnight; deposited. 12/30/Y2 Weekly Sales included: 1001 (16@$125), 1002 (10@S190), 1003 (3@$250), 1004 (3@5500). 1005 (1@5620) Sales tax of 9.125% is added to all sales. Cash deposited into checking account on transaction date. Watson Sales uses a perpetual inventory system. 12/30/Y2 The following sales were made on account: To K. Oxner 1002 (3@S190) To L. Young 1005 (1@5620) . Shipping cost of S28 was paid by Watson for these two orders but not charged to customers. Sales tax of 9,125% is added to all sales. Watson Sales se perpetual inventory system, 12/31/Y2 Paid all Sales tax due (paid by check) Post from Journal to T-accounts As you post a transaction, record a check mark or an X in the post reference column of the joumal. For each entry in the general ledger (t-accounts), include a data. Keep the General Ledger and Subsidiaries where appropriate on a different tab in the Gl. Excel file Prepare Trial Balance Remember, you don't have to list accounts with a zero balance When your trial balance is in balance, highlight your t-account balances in YELLOW. Check Figures Trial Balance Dehits5575.177.86 Cash on Deposit-S18.839.55 Sales Revenue 5.300,290.00 Cost of Goods Sold S120,156.50