The Golf Doctor, a retail distributor of golf equipment and apparel, uses special journals and subsidiary ledgers to record its business transactions. The business's accounts receivable and accounts payable subsidiary ledgers and the general ledger are included in the accounting stationery accompa- nying this textbook. The current balances have been recorded in the ac- counts. A partial chart of accounts for The Golf Doctor follows. 101 Cash in Bank 405 Sales Discounts 410 Sales Returns and Allowances 501 Purchases 505 Purchases Discounts 510 Purchases Returns and Allowances 605 Bank Card Fees Expense 620 Miscellaneous Expense 650 Rent Expense le 110 Supplies 120 Computer Equipment 130 Office Equipment 205 Accounts Payable 210 Sales Tax Payable 401 Sales structions: (1) Record the May transactions in the sales journal (page 15). cash re- ceipts journal (page 18). purchases journal (page 11). cash payments journal (page 19). and general journai (page 9) 2) Post the individual amounts from the five journals to t (3) Post the individual amounts from the General columns (4) Foot. prove, total. and rule the special journals. ceivable and accounts payable subsidiary ledgers on adaily basis ceipts, purchases, cash payments, and general journals on daily basis. (5) Post the column totals of the special journals to the general ledger ac- counts. Use the following order for posting: sales, cash receipts. pur- cash payments. Transactions: May Issued Check 350 to Mega Byte Corp. for $1.400.00 in payment of 1 Received a check for $670.00 from Dora Dunn in payment of her 2 Received a $312.00 check from Gayle Linwood in payment of her 3 Sent Check 351 for $212.66 to Pro Golf Apparel in payment of 4 Received a check from Dan Gable for $416.00 in payment of his Invoice MB131 account. Receipt 450 account of $318.00, less a discount of $6.00, Receipt 451 Invoice PGA05 for S2 17.00 less a 2% discount of $4.34. account of $424.00 less an $8.00 discount, Receipt 452. 5 Issued Credit Memo 50 for $212.00 to Lance Muir for the return of $200.00 in merchandise purchased on account, plus $12.00 sales ta. 8 Purchased $1,600.00 in merchandise on account from Pro Golf 9 Sold merchandise on account to Dora Dunn, $800.00 plus $48.00 10 Sold $500.00 in merchandise on account to Lance Muir, sales tax 12 Received a check for $50.00 from the sale of an old calculator for 13 Purchased $2.500.00 in merchandise on account from Top-Flight 15 Sold merchandise on account to Gayle Linwood. $750.00 plus sales Apparel, Invoice PGA15. dated May 7, terms 210, n/30 sales tax, Sales Slip 330. $30.00, Sales Slip 331 cash, Receipt 453. Distributors, Invoice TF40. dated May 12, terms 3 10. n 30 taxes of $45.00. Sales Slip 332
