Question

is 6 Your tasks are to: Journalize the transactions in the General Journal. Post to the general ledger. update the accounts payable and accounts receivable subsidiary ledgers Prepare a Schedule of Accounts Receivable and a Schedule of Accounts Payable. 5. Prepare a trial balance on a worksheet. 2012 Mar. Bing paid balance owed, no discount. Paid $11 from the petty cash fund for cleaning package, voucher no. 10 (consider it a cleaning expense). Sold merchandise to Ronald Company on account, $12,000 plus tax, invoice no. 51, terms 2/10, n/30. Purchased merchandise from Morris Company on account, $17,200, terms 2/10, n/30, invoice no. 1101, dated March 2. Paid $6 from the petty cash fund for postage, voucher no. 19. Sold merchandise to Ronald Company on account, $8,600 plus tax, invoice no. 52, terms 2/10, n/30. Paid $18 from the petty cash fund for first aid emergency, voucher no. 20. Sold more merchandise to Ronald Company on account, $5,220 plus tax, invoice no. 53, terms 2/10, n/30. Paid $10 for delivery expense from petty cash fund, voucher no. 21. Paid cleaning service, $516, check no. 110. Sold $11,880 merchandise for cash plus tax. 10 Ronald Company returned merchandise costing $2,400 with tax of $240 from invoice no. 52; Paula's Boutique issued credit memo no. 25. 10 Paid Morris Company invoice no. 1101 dated March 2, check no. 111 11 Purchased merchandise from Morris Company on account, $8,900 terme 2/10, n/30, invoice no. 1118, dated March 9.

Please help me with the last 5 dates to journalize them. Thank you

Answer 1

Date	Account titles and Descriptions	PR	Dr.	Cr.
Mar-09	Cleaning expenses		$        516
	(Paid for cleaning expense vide chenck no.110)			$        516
Mar-10	Cash		$ 13,068
	Sales			$ 11,880
	State sales tax payable			$    1,188
	(Sold merchandise for cash)
Mar-10	Sales returns		$    2,400
	State sales tax payable		$        240
	Accounts receivable-Ronald Company			$    2,640
	(Merchandise returned by Ronald accounted vide credit memo no.25)
Mar-10	Accounts payable - Morris Company		$ 17,200
	Bank (17200*98%)			$ 16,856
	Cash discount received (17200*2%)			$        344
	(Paid against inv.1101, check no. 111)
Mar-11	Purchases		$    8,900
	Accounts payable - Morris Company			$    8,900
	(Inv.1118, 2/10,n/30, dated March 9)