Record the january transaction in a cash receipts journal

Record the January transaction in a cash payment journal

Record it in the two-column general journal

Post the journal to the general ledger

Crane Co. uses a perpetial inventory system and both an accounts receivatie and an accounts payable subsidilary ledper. Balances redaed to bota the general iedger and the subsiliary ledgers for Crane are indicated in the vorking papers preiented beleve. Alio fellowing are a series of trancactions for Crane Co fer the month of Janury. Credit sales terms are 2/30, N/30. The cost of all merchandive sold was sok of the sales price. 5 Purchane merchandise from5. Gamel $6,000 and D. Posey $2,600, terms n/30. 7 Receive checks fron 5. Mahay \$3,300 and is, Samtes $2,000 after dreount perisd has lapsed. e Payfreight on merthandhe purchased $225. 9. Sent checks to S. Meek for \$8,500 lets 2M canh dilscaunt, and to D. Salto for \$11,000 less 13 cash dihcount. 9. Isuse credit of $900 to J, Revere for merchandise returned, 10 Daily cash sales from Jaruary 1 to January 10 total $1 1.,000. Mabe one journal entry for these salet. 11 Sell merchardise on account to R. Deltre \$1.600, irwoice no 512 and to S.Mahay \$900, irwoice no, 512. 12 Payrent of $1.000 for January. 13 Receive papment in full from B. Corpas and 2 Revere less cath discounts: 15 Withedraw 4000 eath by M. Crane for personal use. 15 Aast all entries to the subsidiary ledgers. 16 Purchase merchandise from D. Saito $15,000, terms 1/10,N/30;5. Meek $14,200, terms 2/10, n/30; and 5 . Gamel $2,000, terms n/30. 17 Pay $500 cash for office supplies. 18 Return $300 of merchandise to 5 . Meek and recelve credit. 16 Purchase merchandise from D. Saito $15,000, terms 1/10,N/30;5. Meek $14,200, terms 2/10,n/30; and $. Gamel 52,000,termsN/30. 17 Pay $500 cash for of fice supplies 18 Return $300 of merchandise to 5 . Meek and recelve credit. 20 Daily cash sales frem Jarwary 11 to Jarsary 20 total $22.800 Make one journal entry for these sales 21 Issue $14,000 note, maturing in 90 days, to R. Moses in payment of balance due. 21 Receive payment in full freen 5. Mahay leis cash discount. 22 Sell merchandise on account to R. Corpas $2,500, invoice no. 514 , and to R. Beltre $2.300, invoice no. 515. 22 Post all entries to the subsidiary ledgers. 23 Send checks to D. Saite and S. Meek for full payment less cash discounts 25 Sell merchandise on account to B. Santos \$3,800, imvoice no 516 , and to d. Revere \$6,600, imvoice no. 517. 27 Purchase merchandise from D. Saito $14000, terms 1/10, N/30; D. Posey \$3.200, terms N30; and 5 . Gamel 5570C terms nJa. 27 Post all entries to the subsidiary ledgers. 27 Purchase merchandise from D. Saito $14,000, terms 1/10,n/30;D. Posey $3,200, terms n/30; and 5. Garnel $5 torms n/30. 27 Post all entries to the subsidiary ledgers. 28 Pay $200 cash for office supplies. 31 Daily cash sales from Jamuary 21 to January 31 total $23,700. Make qne journal entry far these sales. 31 Pay sales salarles $4,200 and office salarles $3,600