The cost of all merchandise sold was 50% of the sales price. During January, Mercer completed the following transactions.

Jan.3 Purchased merchandise on account from Gallagher Co. $6,000 terms 3/10 net 30

4 Purchased supplies for cash $80. 4 Sold merchandise on account to Wheeler $3,250, invoice no. 371, terms 2/10, n/30.

5 Returned $400 worth of damaged goods purchased on account from Gallagher Co. on January 3.

6 Made cash sales for the week totaling $5,150.

8 Purchased merchandise on account from Phegley Co. $6,500.

9 Sold merchandise on account to Linton Corp. $9,400, invoice no. 372, terms 3/10, n/30.

11 Purchased merchandise on account from Cora Co. $5,700.

13 Paid in full Gallagher Co. on account less discount.

13 Made cash sales for the week totaling $10,260.

15 Received payment from Linton Corp. for invoice no. 372.

15 Paid semi-monthly salaries of $24,300 to employees.

17 Received payment from Wheeler for invoice no. 371.

Mercer Company uses the following journals.

1.		Sales journal.
2.		Single-column purchases journal.
3.		Cash receipts journal.
4.		Cash payments journal.
5.		General journal.

. Required

1- Record the January transactions in the appropriate journal.

2- Post the AR related transactions to the General ledger and A/R Subsidiary ledger. (Dont post to all accounts only the AR)