Shirley's Beauty Store records sales and purchase transactions in the general journal. In addition to a general ledger, Shirley's Beauty Store also uses an accounts receivable ledger and an accounts payable ledger. Transactions for January related to the sales and purchase of merchandise are as follows: Jan. 3 Bought 30 Mango Bath and Shower Gels from Madden, Inc., 5669.50, Invoice no. 3487, dated January 1; terms 2/10, 1/30; FOB shping point, freight prepaid and added to the invoice, $127.69 (total 797.19). Bought ten Beauty Candie Travel Sets from Calhoun Candles, Inc. $403.50 4 invoice no. 4513, dated January 1; terms net 45, FOB destination Sold four Mango Bath and Shower Gels on account to R. Keiman, sales 12. 13 21 slip no. 1456, 5134.00, plus sales tax of $10.72, total $14472 Received credit memo no. 8715 from Calhoun Candies, Inc., for merchandise returned, $87.75 Bought five Winter Skin Essentials kits from Whitney and Waters, 5206:50 Invoice no. A875, dated January 18, terms 2/15, 145; FOB destination Sold three Winter Skin Essentials on account to A Benner, sales si no 1457, $123.00, plus sales tax of $9.34, total $132.84 Issued credit memo no. 33 to A. Benner for merchandise returned. 541-00 plus $3.28 sales tax, total $14.28. 25 27 Required: 1. Record the transactions in the general Journal on page 25. If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent GENERAL JOURNAL Page 25 Previous Next GENERAL JOURNAL Page 25 POST REF. DATE DESCRIPTION DEBIT CREDIT 1 1 20- 2 2 Jan. 3 3 4 N 4 5 Purchased merchandise from Madden, Inc., Invoice no. 3487, Invoice dated 1/1, terms 2/10, 1/30. 6 7 7 4 N B 8 9 9 Purchased merchandise from Calhoun Candies, Inc., involce no. 4513, Invoice dated 1/1, terms net 45. 10 10 11 11 12 12 12 13 13 14 14 Sold merchandise to R Kielman, sales slip no. 1456. 15 15 15 15 N 16 16 13 17 17 18 18 Credit memo no. 0715 for return of merchandise. 19 19 20 20 21 21 21 22 22 Purchased merchandise from Whitney and Waters, invoice no. A875, invoice dated 1/18, terms 2/15, n/45, 23 23 N 24 24 25 25 25 26 26 27 27 Sold merchandise to A. Benner, sales slip no. 1457 28 28 29 29 27 30 30 31 31 32 32 Issued credit memo no. 33. un Pound your answers to the ACCOUNT Accounts Receivable ACCOUNT NO. 113 BALANCE POST. DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT 20- Jan 1 Balance 227.07 12 325 25 325 27 325 Post the entries to the general ledger for Accounts Payable. If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent. GENERAL LEDGER ACCOUNT NO. 212 ACCOUNT Accounts Payable BALANCE POST REF. DEBIT CREDIT ITEM DEBIT CREDIT DATE 20.- 992.42 Jan 1 Balance 3 325 4 325 13 325 21 325 Previous GENERAL LEDGER ACCOUNT 214 Sales Tax Payable ACCOUNT NO. BALANCE POST. REF DATE ITEM DEBIT CREDIT DEBIT CREDIT 20.- 124.49 Jan 1 Balance 12 325 25 325 27 325 Post the entries to the general ledger for Sales. If an amount box does not require an entry leave it blank. Round your answers to the nearest cent GENERAL LEDGER 411 ACCOUNT NO. ACCOUNT Sales BALANCE POST REF DEBIT CREDIT DEBIT DATE ITEM CREDIT 20- Jan 12 325 325 25 Previous Next cent GENERAL LEDGER ACCOUNT 412 Sales Returns and Allowances ACCOUNT NO. BALANCE POST REF. DATE ITEM DEBIT CREDIT DEBIT CREDIT 20- Jan. 27 325 Post the entries to the general ledger for Purchases. If an amount box does not require an entry, leave it blank, Round your answers to the nearest cent. GENERAL LEDGER ACCOUNT NO. 511 ACCOUNT Purchases BALANCE POST. REF. CREDIT CREDIT DEBIT DATE DEBIT ITEM 20.- Jan. 3 325 4 125 21 125 in hy moes not require an entry, leave it blank. Round your answers to the Post the entries to the ge nearest cont GENERAL LEDGER ACCOUNT NO. 512 ACCOUNT Purchases Returns and Allowances BALANCE POST. REF. CREDIT ITEM DEBIT DATE DEBIT CREDIT 20- Jan. 13 325 Post the entries to the general ledger for Freight in. If an amount box does not require an entry, leave it blank, Round your answers to the nearest cent. GENERAL LEDGER ACCOUNT NO. 514 ACCOUNT Freight In BALANCE POST. REF. CREDIT CREDIT DEBIT ITEM DEBIT DATE 20- Jan. 3 325 answers in the nearest cent ADDRESS POST. REF. DATE ITEM DEBIT CREDIT BALANCE 20- Jan 1 Balance 49.98 25 125 27 125 Post the entries to the accounts receivable ledger for R. Kielman. If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent NAME R. Kielman ADDRESS POST. DATE BALANCE ITEM REF. DEBIT CREDIT 20- 177.09 Jan. 1 Balance 12 325 Previous Next POST. DATE BALANCE ITEM REF. DEBIT CREDIT 20- Jan 1 Balance 350.92 4 325 13 125 Post the entries to the accounts payable ledger for Madden, Inc. If an amount box does not require an entry, leave it blank. Round your answers to the neares NAME Madden, Inc. ADDRESS POST REF. BALANCE CREDIT DEBIT ITEM DATE 20- 588.42 Jan. 1 Balance 3 J25 Previous Post the entries to the accounts payable ledger for Whitney and Waters. If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent NAME Whitney and Waters ADDRESS POST REF. BALANCE ITEM DEBIT CREDIT DATE 20- 53.13 Jan 1 Balance 21 325 3. Prepare a schedule of accounts receivable Round your answers to the nearest cent Shirley's Beauty Store Schedule of Accounts Receivable January 31, 20- Total Accounts Receivable eBook Calculator 20-- Jan. 1 Balance 21 125 3. Prepare a schedule of accounts receivable. Round your answers to the nearest cent. Shirley's Beauty Store Schedule of Accounts Receivable January 31, 20- Total Accounts Receivable 4. Prepare a schedule of accounts payable. Round your answers to the nearest cent. Shirley's Beauty Store Schedule of Accounts Payable January 31, 20-- Total Accounts Payable Shirley's Beauty Store records sales and purchase transactions in the general journal. In addition to a general ledger, Shirley's Beauty Store also uses an accounts receivable ledger and an accounts payable ledger. Transactions for January related to the sales and purchase of merchandise are as follows: Jan. 3 Bought 30 Mango Bath and Shower Gels from Madden, Inc., 5669.50, Invoice no. 3487, dated January 1; terms 2/10, 1/30; FOB shping point, freight prepaid and added to the invoice, $127.69 (total 797.19). Bought ten Beauty Candie Travel Sets from Calhoun Candles, Inc. $403.50 4 invoice no. 4513, dated January 1; terms net 45, FOB destination Sold four Mango Bath and Shower Gels on account to R. Keiman, sales 12. 13 21 slip no. 1456, 5134.00, plus sales tax of $10.72, total $14472 Received credit memo no. 8715 from Calhoun Candies, Inc., for merchandise returned, $87.75 Bought five Winter Skin Essentials kits from Whitney and Waters, 5206:50 Invoice no. A875, dated January 18, terms 2/15, 145; FOB destination Sold three Winter Skin Essentials on account to A Benner, sales si no 1457, $123.00, plus sales tax of $9.34, total $132.84 Issued credit memo no. 33 to A. Benner for merchandise returned. 541-00 plus $3.28 sales tax, total $14.28. 25 27 Required: 1. Record the transactions in the general Journal on page 25. If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent GENERAL JOURNAL Page 25 Previous Next GENERAL JOURNAL Page 25 POST REF. DATE DESCRIPTION DEBIT CREDIT 1 1 20- 2 2 Jan. 3 3 4 N 4 5 Purchased merchandise from Madden, Inc., Invoice no. 3487, Invoice dated 1/1, terms 2/10, 1/30. 6 7 7 4 N B 8 9 9 Purchased merchandise from Calhoun Candies, Inc., involce no. 4513, Invoice dated 1/1, terms net 45. 10 10 11 11 12 12 12 13 13 14 14 Sold merchandise to R Kielman, sales slip no. 1456. 15 15 15 15 N 16 16 13 17 17 18 18 Credit memo no. 0715 for return of merchandise. 19 19 20 20 21 21 21 22 22 Purchased merchandise from Whitney and Waters, invoice no. A875, invoice dated 1/18, terms 2/15, n/45, 23 23 N 24 24 25 25 25 26 26 27 27 Sold merchandise to A. Benner, sales slip no. 1457 28 28 29 29 27 30 30 31 31 32 32 Issued credit memo no. 33. un Pound your answers to the ACCOUNT Accounts Receivable ACCOUNT NO. 113 BALANCE POST. DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT 20- Jan 1 Balance 227.07 12 325 25 325 27 325 Post the entries to the general ledger for Accounts Payable. If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent. GENERAL LEDGER ACCOUNT NO. 212 ACCOUNT Accounts Payable BALANCE POST REF. DEBIT CREDIT ITEM DEBIT CREDIT DATE 20.- 992.42 Jan 1 Balance 3 325 4 325 13 325 21 325 Previous GENERAL LEDGER ACCOUNT 214 Sales Tax Payable ACCOUNT NO. BALANCE POST. REF DATE ITEM DEBIT CREDIT DEBIT CREDIT 20.- 124.49 Jan 1 Balance 12 325 25 325 27 325 Post the entries to the general ledger for Sales. If an amount box does not require an entry leave it blank. Round your answers to the nearest cent GENERAL LEDGER 411 ACCOUNT NO. ACCOUNT Sales BALANCE POST REF DEBIT CREDIT DEBIT DATE ITEM CREDIT 20- Jan 12 325 325 25 Previous Next cent GENERAL LEDGER ACCOUNT 412 Sales Returns and Allowances ACCOUNT NO. BALANCE POST REF. DATE ITEM DEBIT CREDIT DEBIT CREDIT 20- Jan. 27 325 Post the entries to the general ledger for Purchases. If an amount box does not require an entry, leave it blank, Round your answers to the nearest cent. GENERAL LEDGER ACCOUNT NO. 511 ACCOUNT Purchases BALANCE POST. REF. CREDIT CREDIT DEBIT DATE DEBIT ITEM 20.- Jan. 3 325 4 125 21 125 in hy moes not require an entry, leave it blank. Round your answers to the Post the entries to the ge nearest cont GENERAL LEDGER ACCOUNT NO. 512 ACCOUNT Purchases Returns and Allowances BALANCE POST. REF. CREDIT ITEM DEBIT DATE DEBIT CREDIT 20- Jan. 13 325 Post the entries to the general ledger for Freight in. If an amount box does not require an entry, leave it blank, Round your answers to the nearest cent. GENERAL LEDGER ACCOUNT NO. 514 ACCOUNT Freight In BALANCE POST. REF. CREDIT CREDIT DEBIT ITEM DEBIT DATE 20- Jan. 3 325 answers in the nearest cent ADDRESS POST. REF. DATE ITEM DEBIT CREDIT BALANCE 20- Jan 1 Balance 49.98 25 125 27 125 Post the entries to the accounts receivable ledger for R. Kielman. If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent NAME R. Kielman ADDRESS POST. DATE BALANCE ITEM REF. DEBIT CREDIT 20- 177.09 Jan. 1 Balance 12 325 Previous Next POST. DATE BALANCE ITEM REF. DEBIT CREDIT 20- Jan 1 Balance 350.92 4 325 13 125 Post the entries to the accounts payable ledger for Madden, Inc. If an amount box does not require an entry, leave it blank. Round your answers to the neares NAME Madden, Inc. ADDRESS POST REF. BALANCE CREDIT DEBIT ITEM DATE 20- 588.42 Jan. 1 Balance 3 J25 Previous Post the entries to the accounts payable ledger for Whitney and Waters. If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent NAME Whitney and Waters ADDRESS POST REF. BALANCE ITEM DEBIT CREDIT DATE 20- 53.13 Jan 1 Balance 21 325 3. Prepare a schedule of accounts receivable Round your answers to the nearest cent Shirley's Beauty Store Schedule of Accounts Receivable January 31, 20- Total Accounts Receivable eBook Calculator 20-- Jan. 1 Balance 21 125 3. Prepare a schedule of accounts receivable. Round your answers to the nearest cent. Shirley's Beauty Store Schedule of Accounts Receivable January 31, 20- Total Accounts Receivable 4. Prepare a schedule of accounts payable. Round your answers to the nearest cent. Shirley's Beauty Store Schedule of Accounts Payable January 31, 20-- Total Accounts Payable