Safari File Edit View History Bookmarks Window Help Q 8 * Thu Mar 11 10:45 AM ... assessment.education.wiley.com + Home | My NDC Post Attendee - Zoom in Course: PY-201-C-General.. we Chapter 7 Homework S 21 W NWP Assessment Player UI. G Sandhill Co. uses a perpetu. Chapter 7 Homework $ 21 soft - /30 Point Question 1 of 1 View Policies Current Attempt in Progress Sandhill Co. uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger. Balances related to both the general ledger and the subsidiary ledger for Sandhill are indicated in the working papers. Presented below are a series of transactions for Sandhill Co. for the month of January. Credit sales terms are oft Word 2/10, n/30. The cost of all merchandise sold was 60%% of the sales price. GENERAL LEDGER Account January 1 Number Account Title Opening Balance 101 Cash $32,250 112 Accounts Receivable 12,300 115 Notes Receivable 39,000 120 Inventory 20,000 soft Excel 126 Supplies 1,700 130 Prepaid Insurance 1,500 157 Equipment 6.900 158 Accumulated Depreciation-Equip. 1.600 201 Accounts Payable 34,000 301 Owner's Capital 78,050 oft Outloo unts Receivable (from accounts receivable subsidiary ledger) January 1 Customer Opening Balance R. Beltre $1,700 B. Santos 7,500 Peer Resp S. Mahay 3,100 Jalen.pa Schedule of Accounts Payable from accounts payable subsidiary ledger) January 1 Customer Opening Balance S. Meek $9.000 R. Moses 18,00 Shot D. Saito 7,000 4.23 PM 3 Jan. Sell merchandise on account to B. Corpas $3,300, invoice no. 510, and to J. Revere $1.700, invoice no. 511. 5 Purchase merchandise from S. Gamel $6,000 and D. Posey $3,000, terms n/30. Screen Shot Screen Shot Define Sport Screen Shot 2021-03...6.07 PM 2021-02...3.07 PM Management 2021-02...7.42 AM MAR 194 11 "tv 4 W OSafari File Edit View History Bookmarks Window Help Q 8 * Thu Mar 11 10:46 AM - /30 IE Point Jan. 3 Sell merchandise on account to B. Corpas $3,300, invoice no. 510, and to J. Revere $1.700, invoice no. 511 Purchase merchandise from 5. Gamel $6,000 and D. Posey $3,000, terms n/30. Receive checks from 5. Mahay $3,100 and B. Santos $2,000 after discount period has lapsed. oft Word Pay freight on merchandise purchased $220 Send checks to 5. Meek for $9,000 less 2% cash discount, and to D. Saito for $7,000 less 1%% cash discount. 9 Issue credit of $300 to J. Revere for merchandise returned. 10 Daily cash sales from January 1 to January 10 total $17,000. Make one journal entry for these sales. 11 Sell merchandise on account to R. Beltre $1,600, invoice no. 512, and to S. Mahay $900, invoice no. 513. 12 Pay rent of $2,000 for January. soft Excel 13 Receive payment in full from B. Corpas and J. Revere less cash discounts. 15 Withdraw $800 cash by M. Sandhill for personal use. 15 Post all entries to the subsidiary ledgers. 16 Purchase merchandise from D. Saito $15,000, terms 1/10. n/30; S. Meek $14,600, terms 2/10, n/30; and S. Gamel $2,000, terms n/30 17 Pay $700 cash for office supplies. 18 Return $400 of merchandise to 5. Meek and receive credit. 20 Daily cash sales from January 11 to January 20 total $21,600. Make one journal entry for these oft Outloo sales. 21 Issue $18,000 note, maturing in 90 days, to R. Moses in payment of balance due. 21 Receive payment in full from S. Mahay less cash discount. 22 Sell merchandise on account to B. Corpas $2,500, invoice no. 514, and to R. Beltre $2,100. invoice no. 515. Post all entries to the subsidiary ledgers. 23 Send checks to D. Saito and S. Meek in full payment less cash discounts. Peer Resp Sell merchandise on account to B. Santos $3,500, invoice no. 516, and to J. Revere $6,000, invoice Jalen.pa no. 517. 27 Purchase merchandise from D. Saito $14,200, terms 1/10. n/30; D. Posey $3,400. terms n/30; and S. Gamel $5.400, terms n/30. 27 Post all entries to the subsidiary ledgers. Pay $200 cash for office supplies. 31 Daily cash sales from January 21 to January 31 total $22,200. Make one journal entry for these sales. 31 Pay sales salaries $4,600 and office salaries $3,400. Shot 4.23 PM (a1) Screen Shot Screen Shot Define Sport Screen Shot 2021-03...6.07 PM 2021-02...3.07 PM Management 2021-02...7.42 AM MAR 194 11 4 W OSafari File Edit View History Bookmarks Window Help Q 8 * Thu Mar 11 10:47 AM 31 Daily cash sales from January 21 to January 31 total $22,200. Make one journal entry for these sales. 31 Pay sales salaries $4,600 and office salaries $3,400. oft Word (a1) Record the January transactions in a sales journal. (Post entries in the order presented in the problem statement.) Sales Journal Date Account nvoice Account Receivable Dr. Cost of Got Debited No. Ref Sales Revenue Cr. Invent soft Excel oft Outloo Peer Resp Jalen.pa eTextbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer Shot (a2) 4.23 PM The parts of this question must be completed in order. This part will be available when you complete the part above. Screen Shot Screen Shot Define Sport Screen Shot 2021-03...6.07 PM 2021-02...3.07 PM Management 2021-02...7.42 AM MAR 194 11 tv 4 W O