Selected Accounts from the chart of accounts of Boyden Company are shown below.

101. Cash 401. Sales

112 Accounts Receivable 412. Sales Returns and Allowances

120 Merchandising Inventory 414 Sales Discounts

126 Supplies 505 Cost of goods sold

157 Equipment 726 Salaries Expenses

201 Accounts payable

The cost of all merchandise sold was 60% of the sales price. During January, Boyden completed the following transactions.

Jan 3 Purchased merchandise on account from Wortham Co. of $10000.

Jan 4 Purchased supplies for cash $80

Jan 4 Sold merchandise on account to Milam $5250, invoice no. 371, terms 1/10, n/30.

Jan 5 Returned $300 worth of damaged goods purchased on account from Wortham Co. on Jan 3

Jan 6 Made cash sales for the week totaling $3150

Jan 8 Purchased Merchandise on account from Noyes Co. $4500

Jan 9 Sold merchandise on account to Conner Corp. $6400, invoice no. 372, terms 1/10, n/30.

Jan 11 Purchased merchandise on account from Betz co. $3700

Jan 13 Paid in full Wortham Co. on account less a 2% discount.

Jan 13 Made cash sales for the week totaling $6260.

Jan 15 Received payment from Connor Co. for invoice no. 372.

Jan 15 Paid semi-monthly salaries of $14300 to employees

Jan 17 Received Payment from Milam for invoice no. 371

Jan 17 Sold Merchandise on account to Bullock co. $1200, invoice no. 373, terms 1/10, n/30.

Jan 19 Purchased equipment on account from Murphy Corp. $5500

Jan 20 Cash sales for the week totaled $3200

Jan 20 Paid in full noyes co. on account less a 2% discount.

Jan 23 Purchased merchandise on account from Wortham Co $7800

Jan 24 Purchased merchandise on account from Forgetta Corp. $5100.

Jan 27 Made cash sales for week totaling $4230

Jan 30 Received Payment from Bullock Co. for invoice no. 373

Jan 31 Paid semi-monthly salaries of $13200 to employees

Jan 31 Sold merchandise on account to Milam $9330, invoice no 374, terms 1/10, n/30.

Boyden company used the following journals:

1. Sales Journal

2, Single-Column purchases journal

3. Cash receipts journal with columns for Cash Dr., Sales Discounts Dr., Accounts Receivable Cr., Sales Cr., Other Accounts Cr., and Cost of Goods Sold Dr./Merchandise Inverntory Cr

4. Cash payments journal with columns for Other Accounts Dr., Accounts Payable Dr., Merchandise Inverntory Cr., and Cash Cr.

5. General Journal