Stellar Company has the following opening account balances in its general and subsidiary ledgers on January 1 and uses the periodic inventory system. All accounts have normal debit and credit balances.

General Ledger Account Number Account Title January 1 Opening Balance 101 Cash $31,120 112 Accounts Receivable 12,350 115 Notes Receivable 39,900 120 Inventory 19,000 125 Supplies 950 130 Prepaid Insurance 1,900 157 Equipment 6,130 158 Accumulated DepreciationEquip. 1,430 201 Accounts Payable 33,250 311 Common Stock 66,500 320 Retained Earnings 10,170

SCHEDULE OF ACCOUNTS RECEIVABLE (from accounts receivable subsidiary ledger) Customer January 1 Opening Balance G. Dukes $1,710 M. Hall 6,840 L. Longhini 3,800 SCHEDULE OF ACCOUNTS PAYABLE (from accounts payable subsidiary ledger) Creditor January 1 Opening Balance O. Kitson $8,550 D. Markoff 14,250 L. Quinn 10,450

In addition, the following transactions have not been journalized for January 2022.

Jan. 3 Sell merchandise on account to W. Rayms $3,420, invoice no. 510, and M. Fischer $1,710, invoice no. 511. 5 Purchase merchandise on account from K. Zapfel $2,850 and J. Liotta $2,280. 7 Receive checks for $3,800 from L. Longhini and $1,900 from M. Hall. 8 Pay freight on merchandise purchased $170. 9 Send checks to O. Kitson for $8,550 and L. Quinn for $10,450. 9 Issue credit of $230 to M. Fischer for merchandise returned. 10 Summary cash sales total $14,730. 11 Sell merchandise on account to G. Dukes for $1,810, invoice no. 512, and to L. Longhini $860, invoice no. 513. Post all entries to the subsidiary ledgers. 12 Pay rent of $950 for January. 13 Receive payment in full from W. Rayms and M. Fischer. 15 Pay cash dividend of $620. 16 Purchase merchandise on account from L. Quinn for $14,250, from O. Kitson for $13,210, and from K. Zapfel for $1,430. 17 Pay $380 cash for office supplies. 18 Return $190 of merchandise to O. Kitson and receive credit. 20 Summary cash sales total $16,860. 21 Issue $14,250 note to D. Markoff in payment of balance due. 21 Receive payment in full from L. Longhini. Post all entries to the subsidiary ledgers. 22 Sell merchandise on account to W. Rayms for $3,520, invoice no. 514, and to G. Dukes for $760, invoice no. 515. 23 Send checks to L. Quinn and O. Kitson in full payment. 25 Sell merchandise on account to M. Hall for $3,330, invoice no. 516, and to M. Fischer for $5,800, invoice no. 517. 27 Purchase merchandise on account from L. Quinn for $11,880, from J. Liotta $1,140, and from K. Zapfel for $2,660. 28 Pay $190 cash for office supplies. 31 Summary cash sales total $21,770. 31 Pay sales salaries of $4,090 and office salaries of $2,950.

PROMPT: RECORD THE JANUARY TRANSACTIONS IN A CASH PAYMENTS JOURNAL

Please and thank you!

Cash Payments Journal Other Accounts Dr. (X) Accounts Payable Dr. (201) Date Account Debited Ref. > 516 729 332 627 Supplies Dr. (125) Cash Cr. (101)