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The general ledger of Sparkling Lake Golf Shop includes the following selected accounts, alor their account numbers: ( Click on the icon to view the

The general ledger of Sparkling Lake Golf Shop includes the following selected accounts, alor their account numbers:
(Click on the icon to view the accounts.)
Requirements 1,2,3. Sparkling Lake Golf Shop records purchase returns in the general jour the Check No. column), and a general journal. The company uses the perpetual inventory sys Show how postings would be made from the journals by writing the account numbers and che
Begin with the purchases journal. Enter the transactions and total the journal. (If a box is not u total is not posted. Abbreviation used: Supp. = Supplies Assume all postings are made to the
Data table
\table[[Number,Account,Number,Account],[111,Cash,181,Equipment],[131,Merchandise Inventory,211,Accounts Payable],[161,Prepaid Insurance,564,Rent Expense],[171,Office Supplies,583,Utilities Expense]]
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Dec. 2 Purchased merchandise inventory on credit from Triton, $4,900. Terms were 210n30
Dec. 3 Paid monthly rent, debiting Rent Expense for $2,100
Dec. 5 Purchased office supplies on credit terms of 210n30 from Ready Supply, $500
Dec. 8 Received and paid electricity utility bill, $530.
Dec. 9 Purchased equipment on account from Abbott Equipment, $5,900. Payment terms were n/30.
Dec. 10 Returned the equipment to Abbott Equipment. It was damaged.
Dec. 11 Paid Triton the amount owed on the purchase of December 2.
Dec. 12 Purchased merchandise inventory on account from Carver Golf, $5,000. Terms were 3/10n30.
Dec. 13 Purchased merchandise inventory for cash, $700.
Dec. 14 Paid a semiannual insurance premium, debiting Prepaid Insurance, $1,100.
Dec. 16 Paid its account payable to Ready Spply, from December 5.
Dec. 18 Received and paid gas and water utility bills, $190.
Dec. 21 Purchased merchandise inventory on credit terms of 210,n45 from Darling, Inc, $3,000.
Dec. 21 Paid its account payable to Carver Golf from December 12
Dec. 22 Purchased office supplies on account from Office World, Inc, $800. Terms were n/30.
Dec. 26 Returned to Darling, Inc. $1,300 of the merchandise inventory purchased on December 21./ show how total debits equal total credits
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