Tuesday 1st - Sold merchandise costing $100 to M. Brogdon for $120 cash, Invoice No. 1301.

Friday 4th - Purchased merchandise for $800 on credit from Hardaway Co., terms n/30.

Saturday 5th - Purchased merchandise for $1,300 on credit from CBJ Co., terms n/60

Sunday 6th - Sold merchandise costing $260 to G. Anteto for $400, terms 2/10, n/60, Invoice No. 1302.

Tuesday 8th - Purchased $65 of supplies from Parker Co. on credit, terms n/60.

Wednesday 9th - Borrowed $3,000 cash by signing a note payable to Synchrony bank.

Friday 11th - Sold merchandise costing $70 to B. Lopez for $105 terms n/60, Invoice No. 1303.

Tuesday 15th - Received $392 cash from G. Anteto to pay for the purchase of May 6.

Thursday 17th - Issued Check No. 651 for $500 to pay off a note payable to Ally Bank.

Thursday 24th - Sold merchandise costing $135 to E. Bledsoe for $210, terms n/60, Invoice No. 1304.

Monday 28th - Issued Check No. 652 to Hardaway to pay the amount due for the May 4 purchase.

Tuesday 29th - Paid salary of $900 to M. Bud by issuing Check No. 653.

May Calendar Sunday Monday Tuesday Wednesday Thursday Friday Saturday 1 2 3 5 6 7 8 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 # + ableau OT O 1. Identify each day in May that has a transaction requiring recording. 2. For each of the dated transactions in part 1, identify the journal in which that transaction is recorded. Prepare a sales journal for Cream City. Journalize the May transactions that should be recorded in the sales journal. SALES JOURNAL Accounts Invoice Number Receivable Dr. Sales Cr. Date Account Debited Cost of Goods Sold Dr. Inventory Cr. Total 0 0 Prepare a cash receipts journal for Cream City. Journalize the May transactions that should be recorded in the cash receipts journal. CASH RECEIPTS JOURNAL Accounts Sales Cash Dr. Discount Dr. Receivable. Sales Cr. Cr. Date Account Credited Explanation Other Accounts Cr. Cost of Goods Sold Dr. Inventory Cr. Total 0 0 0 0 0 0 Prepare a purchases journal for Cream City. Journalize the May transactions that should be recorded in the purchases journal. Date of Invoice PURCHASES JOURNAL Accounts Terms Payable Cr. Office Supplies Dr. Other Accounts Dr. Date Account Inventory Dr. Total 0 0 0 0 Prepare a cash payments journal for Cream City. Journalize the May transactions that should be recorded in the cash payments journal. CASH PAYMENTS JOURNAL Date Ck. No Payee Account Debited Cash Cr. Inventory Cr. Other Accounts Dr. Accounts Payable Dr. Total 0 0 0 0 Prepare the accounts, amounts, and balances to be reported in the accounts payable subsidiary ledger at the end of May. ACCOUNTS PAYABLE LEDGER Hardaway Co. Debit Credit Date Balance CBJ Co. Credit Date Debit Balance Parker Co. Debit Credit Date Balance