Requirements 1, 2, 3.

Sparkling LakeSparkling Lake

Golf Shop records purchase returns in the general journal. Use the appropriate journal to record the transactions in a purchases journal, a cash payments journal (omit the Check No. column), and a general journal. The company uses a perpetual inventory system. Total each column of the special journals. Show that total debits equal total credits in each special journal. Show how postings would be made from the journals by writing the account numbers and checkmarks in the appropriate places in the journals.

Begin with the purchases journal. Enter the transactions and total of the journal. (If a box is not used in the journal leave the box empty; do not select information and do not enter a zero. Enter "X" if the column total is not posted. Select "T." in place of a checkmark to reflect posting to a subsidiary ledger. Abbreviation used: Supp. = Supplies Assume all postings are made to the applicable ledgers.)

i Data Table Number Account Number Account 111 131 161 171 Cash Merchandise Inventory Prepaid Insurance Office Supplies 181 211 564 583 Equipment Accounts Payable Rent Expense Utilities Expense Print Done Dec. 2 Purchased merchandise inventory on credit from Trevor, $4,300. Terms were 3/10 n/30. 3 Paid monthly rent, debiting Rent Expense for $2,000. 5 Purchased office supplies on credit terms of 3/10 n/30 from Ready Supply, $450. 8 Received and paid electricity utility bill, $560. 9 Purchased equipment on account from A Plus Equipment, $6,500. Payment terms were n/30. 10 Returned the equipment to A Plus Equipment. It was damaged. 11 Paid Trevor the amount owed on the purchase of December 2. 12 Purchased merchandise inventory on account from Callahan Golf, $4,400. Terms were 2/10 n/30. 13 Purchased merchandise inventory for cash, $690. 14 Paid a semiannual insurance premium, debiting Prepaid Insurance, $1,500. 16 Paid its account payable to Ready Supply, from December 5. 18 Received and paid gas and water utility bill, $900. 21 Purchased merchandise inventory on credit terms of 1/10 n/45 from Darling, Inc., $4,000. 21 Paid account payable to Callahan Golf from December 12. 22 Purchased office supplies on account from Office Place, Inc., $300. Terms were n/30. 26 Returned to Darling, Inc. $1,300 of the merchandise inventory purchased on December 21. 31 Paid Darling, Inc. the net amount owed from December 21, less the return on December 26