Wonder Wilderness Company is a service based company that rents canoes for use on local lakes and rivers. At the beginning of the new year, Wonder Wilderness Company decided to carry and sell T-shirts with its logo printed on them. The company uses the perpetual inventory system to account for the inventory. During January 2019, Wonder Wilderness Company completed the following merchandising transactions:

Enter the transactions in a sales journal (page 2), a cash receipts journal (page 5, omit Sales Discounts Forfeited column), a purchases journal (page 7), a cash payments journal (page 6), and a general journal (page 4), as appropriate. Total each column of the special journals. Show that total debits equal total credits in each special journal.

Jan. 1 2 3 7 8 Purchased 14 T-shirts at $9 each and paid cash Sold 9 T-shirts for $14 each, total cost of $81. Received cash. Purchased 100 T-shirts on account at $12 each. Terms 5/10, n/30 Paid the supplier for the T-shirts purchased on January 3, less discount. Realized 5 T-shirts from the January 1 order were printed wrong and returned them for a cash refund Sold 80 T-shirts on account for $14 each, total cost of $960. Terms 4/15, n/45 Received payment for the T-shirts sold on account on January 10, less discount. Purchased 120 T-shirts on account at $9 each. Terms 5/15, n/30 Wonder Wilderness Company called the supplier from the January 14 purchase and told them that some of the T-shirts were the wrong color. The supplier offered a $100 purchase allowance Paid the supplier for the T-shirts purchased on January 14, less the allowance and discount. Sold 110 T-shirts on account for $14 each, total cost of $915. Terms 5/20, n/30 Received a payment on account for the T-shirts sold on January 21, less discount. Purchased 300 T-shirts on account at $12 each. Terms 5/10, n/30, FOB shipping point. Paid freight associated with the January 25 purchase, $30 Paid for the January 25 purchase, less discount. Sold 200 T-shirts on account for $14 each, total cost of $2,151. Terms 4/10, /30 Received payment for the T-shirts sold on January 30, less discount. 10 12 14 18 20 21 23 25 27 29 30 31