The following transactions of Jack's Auto Supply coomed in May Balances as o of Merchandise Inventory 18,200) Click the to view the ti Read the equi Question Hup given for geners ledger and accounts receivable ledger accounts Devon, $1.000 Dr Migue, $450 Dr, Bryan 5500 Dr Accounts Race $1.990 Dr, Sales Tax Pay $1,400 r. The be Requirements Requirem transactions using the perpetual method of accounting for inventory acord dobite frst, then sets Exclude explanations from jouma entres. For purposes of i May 11 para merchandise to R. Devon on account, $600, vice no. 70, plus 0% sales tax. The cost of t merchandise was $300 Begin by recording the sale portion of the entry Do not record the lowing step Journal Entry Date Account Titles PR Dr. Cr May Record the cost of the se Date May Journal Entry Account Ti PR D Cr. May 5 Sold auto parts merchandise to J Miguet on account, $500, invoice no. Begin by reconding the sale portion of the entry Do not record the cost of the 71, plus 0% sales tax. The cost of the methandae was $350 ye Journal Entry Account PR Dr. C Cate May Choose from any last or enter any number in the input fields and then continue to the next question 20 dtv given for general ledger and accounts receivable ledger accounts: Devon, $1,000 r inventory. (Record debits first, then credits. Exclude explanations from journal entries. For purposes of this problem, ig .6% sales tax. The cost of the merchandise was $360. "We will do that in the following step. More Info X 201X May 1 Sold auto parts merchandise to R. Devon on account, $600, invoice no. 70, plus 6% sales tax. The cost of the merchandise was $360. 5 Sold auto parts merchandise to J. Miguel on account, $500, invoice no. 71; plus 6% sales tax. The cost of the merchandise was $350. 8 Sold auto parts merchandise to Lance Bryant on account, $10,000, invoice no. 72, plus 6% sales tax. The cost of the merchandise was $7,000. 10 Issued credit memorandum no. 12 to R. Devon for $500 for defective auto parts merchandise returned from May 1 transaction. (Be careful to record the reduction in Sales Tax Payable as well.) The cost of the merchandise was $350. 12 Sold auto parts merchandise to J. Miguel on account, $1,100, invoice no. 73, plus 6% sales tax. The cost of merchandise was $770, oice no. 71, plus 6% t of the sale yet. We will do that in the following step. Dr. Cr. Os and then continue to the nest question. Print Done 20 L MacBook Air tv Requirement 1. Joumalize the transactions using the perpetual method of accounting for inventory. (Record debits first, then credits. Exclude explanations from journal er May 1: Sold auto parts merchandise to R. Devon on account, $600, invoice no. 70, plus 6% sales tax. The cost of the merchandise was $360. Begin by recording the sale portion of the entry. Do not record the cost of the sale yet. We will do that in the following step. Date May Record the cost of the sale. Date May Journal Entry Account Titles PR Dr. Cr. Journal Entry Account Titles PR Dr. Cr. May 5: Sold auto parts merchandise to J. Miguel on account, $500, invoice no. 71, plus 6% sales tax. The cost of the merchandise was $350. Begin by recording the sale portion of the entry. Do not record the cost of the sale yet. We will do that in the following step Date May Journal Entry Account Titles PR Dr. Cr. Choose from any list or enter any number in the input fields and then continue to the next question. esc 4 800 DOD 000 F2 F3 F4 # 69 20 % FS MacBook Air > F6 tv & The following transactions of Jack's Auto Supply occurred in May (Balances as of May 1 are given for general ledger and accounts receivable ledger account of Merchandise Inventory is $8,200.): (Click the icon to view the transactions.) Read the requirements May 5: Sold auto parts merchandise to J. Miguel on account, $500, invoice no. 71, plus 6% sales tax. The cost of the merchandise was $350. Begin by recording the sale portion of the entry. Do not record the cost of the sale yet. We will do that in the following step. Journal Entry Date May Account Titles PR Dr. Cr. 5 Record the cost of the sale. Journal Entry Date Account Titles PR Dr. Cr. May 5 May 8: Sold auto parts merchandise to Lance Bryant on account, $10,000, invoice no. 72, plus 6% sales tax. The cost of the merchandise was $7,000. Begin by recording the sale portion of the entry. Do not record the cost of the sale yet. We will do that in the following step. Journal Entry Date Account Titles PR Dr. Cr. May 8 Choose from any list or enter any number in the input fields and then continue to the next question. DEC 20 MacBook A The following transactions of Jack's Auto Supply occurred in May (Balances as of May 1 are given for general ledger and accounts receivable ledger accounts: Devon, $1,000 Dr. Miguel $450 Dr: Bryant, 350 Dr Accounts Receivable, $1,05m of Merchandise Inventory is $8,200.): Click the loon to view the transactions.) Read the requirements May 8 Sold auto parts merchandise to Lance Bryant on account, $10,000, invoice no. 72, plus 6% sales tax. The cost of the merchandise was $7.000 Begin by recording the sale portion of the entry Do not record the cost of the sale yet. We will do that in the following step Date May Record the cost of the sain Date May Journal Entry Account Titles PR Dr. Cr Journal Entry Account Titles PR Dr. Cr May 10: issued credit memorandum no. 12 to R. Devon for $500 for detective auto parts merchandise retumed from May 1 transaction (le care to record the Begin by recording the receivable portion of the adjustment. Do not yet adjust for the cost of the merchandise retumed. We will do that in the following step Journal Entry Date Account Titles PR Dr. Cr May 10 Choose from any fist or enter any number in the input fields and then continue to the next question 20 MacBook Air ction in sa at of the merchandise was $350 The flowing transactions of Jack's Auto Supply scoured in May (Balances on of May 1 are given for general ledger and active per accounts Devon, $1.000 D: Miguel, $450 Dr, Bryan, 8000 Dr Aces Pace $1.00 Or Sa of Merchandise Inventory is $8.2003 ck the loan to view the transactions) Read the murements May 10 issued credit memorandum no. 12 to R. Devon for $500 for detective aun pes manhandise reted Som May he ca Begin by reconding the receivable portion of the adjustment. Do not yet adjust for the cost of the merchandise Journal Entry Date Account Titles PR Dr. C May 10 Record the entry to adjust for the cost of the merchandise retume Date May Journal Entry Account Titles PR Dr. May 12: Sold auto parts merchandise to J. Miguel on account, $1,100, nice no. 73, phs 0% sales tax The cost of mehandise was $770 Begin by recording the sale portion of the entry. Do not record the cost of the sale yet. We will do that in the wingsp Journal Entry Date Account Tiles PR Dr. Cr. May 12 Choose from any list or enter any number in the input fields and then continue to the next question 20 MacBook Air tv A The following transactions of Jack's Auto Supply occurred in May (Balances as of May 1 are given for general ledger and accounts receivable ledger accounts: Dew Of Merchandise Inventory is $8,200.): (Click the icon to view the transactions.) Read the requirements May 12: Sold auto parts merchandise to J. Miguel on account, $1,100, invoice no. 73, plus 6% sales tax. The cost of merchandise was $770. Begin by recording the sale portion of the entry. Do not record the cost of the sale yet. We will do that in the following step. Journal Entry Date: Account Titles PR Dr. Cr. May 12 Record the cost of the sale. Journal Entry Date Account Titles PR Dr. Cr. May 12 Requirement 2. Record to the accounts receivable subsidiary ledger and post to the general ledger as appropriate. Start by recording to the accounts receivable subsidiary ledger. (Use transaction dates as transaction references and enter an ending balance for each account.) Review the journal entries from Requirement 1. Accounts Receivable Subsidiary Ledger R. Devon May 1 1,000 May J. Miguel May 1 450 May L Bryant May 1 500 May Choose from any list or enter any number in the input fields and then continue to the next question. 20 MacBook Air esc F1 F2 80 F3 000 FA F5 F6 tw Read the requirements May 12 Requirement 2. Record to the accounts receivable subsidiary ledger and post to the general ledger as appropriate Start by recording to the accounts receivable subsidiary ledger. (Use transaction dates as transaction references and enter an ending balance for each account) Review the journal entries from Requirement 1. Accounts Receivable Subsidiary Ledger R. Devon J. Miguel May 11,000 May May 1 450 May Bal Bal Bal Bal L Bryant May 1 500 May Bal H Bal Complete the partial general ledger. (Use transaction dates as posting references and enter an ending balance for each account.) Review the journal entries from Requirement 1. Partial General Ledger Accounts Receivable Merchandise Inventory Sales Tax Payable May 1 1,950 May May 8,200 May May May 1 1,400 Bal Bal Bal. Bal Bal Choose from any list or enter any number in the input fields and then continue to the next question. Bal 20 MacBook Air C tv S The following transactions of Jack's Auto Supply occured in May (Balances as of May 1 are given for general ledger and accounts receivable ledger accounts Devon, $1,000 Dr of Merchandise Inventory is $5,200, (Click the icon to view the transactions) Read the requirements Complete the partial general ledger. (Use transaction dates as posting references and enter an ending belance for each account.) Review the journal entries from Requirement Partial General Ledger Accounts Receivable May 1.960 May May 1 Merchandise Inventory 8.200 May Sales Tax Payable May May 1,400 Bal Bal Bal Bal Bal Bal Auto Parts Sales May May May Sales Returns and Allowances May Cost of Goods Sold May May Bal Bal Bal Bal Bal Bal Requirement 3. Prepare a schedule of accounts receivable for the end of May. Review the accounts receivable subsidiary ledger from Requirement 2 Jack's Auto Supply Schedule of Accounts Receivable May 31, 201X Choose from any list or enter any number in the input fields and then continue to the next question. 20 MacBook Air tv Bal Bal Bal Bal Bal Bal Auto Parts Sales May May May Sales Returns and Allowances May Cost of Goods Sold May May Bal Bal Bal. Bal Requirement 3. Prepare a schedule of accounts receivable for the end of May. Review the accounts receivable subsidiary ledger from Requirement 2. Jack's Auto Supply Schedule of Accounts Receivable May 31, 201X Bal Bal R. Devon J. Miguel Lance Bryant Total Accounts Receivable Choose from any list or enter any number in the input fields and then continue to the next question. DEC 20 from journal entries.) dated April 9; terms 9/10, n/60. Cr. More Info 20, dated Cr. 510, dated 201X April 8 Purchased $600 of merchandise on account from Antion Co., invoice no. 400, dated April 9; terms 9/10, n/60. 10 Purchased $1,200 of merchandise on account from Bixby Co., invoice no. 420, dated April 11; terms 9/10, n/60. 12 Purchased $650 of store supplies on account from Mouse Co., invoice no. 510, dated April 13. 14 Issued debit memo no. 8 to Antion Co. for merchandise returned, $450, from invoice no. 400. 17 Purchased $690 of office equipment on account from Relar Co., invoice no. 810, dated April 18. 24 Purchased $600 of additional store supplies on account from Mouse Co., invoice no. 516, dated April 25; terms 9/10, n/30. Cr. 650 Print Done