record the january transactions in a sales journal, a single-column purchases journal, a cash receipts journal, a cash payments journal, and a general journal.

Problem 7-06A b-e Selected accounts from the chart of accounts of Wildhorse Co. are shown below. 101 Cash 301 Owner's Capital 112 Accounts Receivable 401 Sales Revenue 115 Notes Receivable 412 Sales Returns and Allowances 120 Inventory 414 Sales Discounts 157 Equipment 505 Cost of Goods Sold 158 Accumulated Depreciation Equipment 726 Salaries and Wages Expense 200 Notes Payable 729 Rent Expense 201 Accounts Payable The post-closing trial balance for Wildhorse Co. is as follows. Wildhorse Co. Post-Closing Trial Balance December 31, 2020 Debit Credit Cash $41,600 Accounts Receivable 14,200 Notes Receivable 44,200 Inventory 22,000 Equipment 6,280 Accumulated Depreciation-Equipment $1,930 Accounts Payable 41,200 Owner's Capital 85,150 $128,280 $128,280 The subsidiary ledgers contain the following information: (1) accounts receivable-8. Hannigan $2,200, 1. Kirk $7.900, and T. Hodges $4,100; (2) accounts payable-T. Igawa $12,400, D. Danford $18,800, and K. Thayer $10,000. The cost of all merchandise sold was 60% of the sales price. The transactions for January 2021 are as follows. Jan. 3 Sell merchandise to M. Ziesmer $9,000, terms 2/10, 1/30. 5 Purchase merchandise from E. Pheatt $1,700, terms 2/10, 1/30. 7 Receive a check from T. Hodges $2,700. 11 Pay freight on merchandise purchased $310. 12 Pay rent of $1,220 for January 13 Receive payment in full from M. Ziesmer. 14 Post all entries to the subsidiary ledgers. Issued credit of $300 to 8. Hannigan for returned merchandise. 15 Send K. Thayer a check for $9,900 in full payment of account, discount $100. 17 Purchase merchandise from G. Roland $1,160, terms 2/10, /30. 18 Pay sales salaries of $3,280 and office salaries $2.450. 20 Give D. Danford a 60-day note for $18,800 in full payment of account payable, 23 Total cash sales amount to $7,740. 24 Post all entries to the subsidiary ledgers, Sell merchandise on account to 1. Kirk $6,150, terms 1/10, 1/30. 27 Send E. Pheatt a check for $880. 29 Receive payment on a note of $40,700 from B. Stout. 30 Post all entries to the subsidiary ledgers. Return merchandise of $300 to G. Roland for credit. Problem 7-06A b-e Selected accounts from the chart of accounts of Wildhorse Co. are shown below. 101 Cash 301 Owner's Capital 112 Accounts Receivable 401 Sales Revenue 115 Notes Receivable 412 Sales Returns and Allowances 120 Inventory 414 Sales Discounts 157 Equipment 505 Cost of Goods Sold 158 Accumulated Depreciation Equipment 726 Salaries and Wages Expense 200 Notes Payable 729 Rent Expense 201 Accounts Payable The post-closing trial balance for Wildhorse Co. is as follows. Wildhorse Co. Post-Closing Trial Balance December 31, 2020 Debit Credit Cash $41,600 Accounts Receivable 14,200 Notes Receivable 44,200 Inventory 22,000 Equipment 6,280 Accumulated Depreciation-Equipment $1,930 Accounts Payable 41,200 Owner's Capital 85,150 $128,280 $128,280 The subsidiary ledgers contain the following information: (1) accounts receivable-8. Hannigan $2,200, 1. Kirk $7.900, and T. Hodges $4,100; (2) accounts payable-T. Igawa $12,400, D. Danford $18,800, and K. Thayer $10,000. The cost of all merchandise sold was 60% of the sales price. The transactions for January 2021 are as follows. Jan. 3 Sell merchandise to M. Ziesmer $9,000, terms 2/10, 1/30. 5 Purchase merchandise from E. Pheatt $1,700, terms 2/10, 1/30. 7 Receive a check from T. Hodges $2,700. 11 Pay freight on merchandise purchased $310. 12 Pay rent of $1,220 for January 13 Receive payment in full from M. Ziesmer. 14 Post all entries to the subsidiary ledgers. Issued credit of $300 to 8. Hannigan for returned merchandise. 15 Send K. Thayer a check for $9,900 in full payment of account, discount $100. 17 Purchase merchandise from G. Roland $1,160, terms 2/10, /30. 18 Pay sales salaries of $3,280 and office salaries $2.450. 20 Give D. Danford a 60-day note for $18,800 in full payment of account payable, 23 Total cash sales amount to $7,740. 24 Post all entries to the subsidiary ledgers, Sell merchandise on account to 1. Kirk $6,150, terms 1/10, 1/30. 27 Send E. Pheatt a check for $880. 29 Receive payment on a note of $40,700 from B. Stout. 30 Post all entries to the subsidiary ledgers. Return merchandise of $300 to G. Roland for credit