Question

Requirements​ 1, 2, 3.

Sparkling LakeSparkling Lake

Golf Shop records purchase returns in the general journal. Use the appropriate journal to record the transactions in a purchases​ journal, a cash payments journal​ (omit the Check No.​ column), and a general journal. The company uses a perpetual inventory system. Total each column of the special journals. Show that total debits equal total credits in each special journal. Show how postings would be made from the journals by writing the account numbers and checkmarks in the appropriate places in the journals.

Begin with the purchases journal. Enter the transactions and total of the journal. ​(If a box is not used in the journal leave the box​ empty; do not select information and do not enter a zero. Enter​ "X" if the column total is not posted. Select​ "T." in place of a checkmark to reflect posting to a subsidiary ledger. Abbreviation​ used: Supp.​ = Supplies Assume all postings are made to the applicable​ ledgers.)

i Data Table Number Account Number Account 111 131 161 171 Cash Merchandise Inventory Prepaid Insurance Office Supplies 181 211 564 583 Equipment Accounts Payable Rent Expense Utilities Expense Print Done

Answer 1

Purchases Journal
Date	Account	Terms	Accounts Payable Cr.	Merchandise Inventory Dr.	Office Supplies Dr.	Other Accounts Dr.
Dec 2	Trevor	3/10,n/30	$ 4,300	$ 4,300
Dec 5	Ready Supply	3/10,n/30	450		$ 450
Dec 9	A Plus Equipment	n/30	6,500			$ 6,500
Dec 12	Callahan Golf	2/10, n/30	4,400	4,400
Dec 21	Darling Inc.	1/10, n/45	4,000	4,000
Dec 22	Office Place Inc.	n/30	300		300
Totals			$ 19,950	$ 12,700	$ 750	$ 6,500

Cash Payments Journal
Date	Account Debited	Cash Cr.	Merchandise Inventory Cr.	Merchandise Inventory Dr.	Other Accounts Dr.	Accounts Payable Dr.
Dec 3	Rent Expense	$ 2,000			$ 2,000
Dec 8	Electricity Expense	560			560
Dec 11	Trevor	4,171	129			$ 4,300
Dec 13	Merchandise Inventory	690		690
Dec 14	Prepaid Insurance	1,500			1,500
Dec 16	Ready Supply	450				450
Dec 18	Utilities Expense	900			900
Dec 21	Callahan Golf	4,312	88			4,400
Dec 31	Darling Inc.	2,673	27			2,700
Totals		$ 17,256	$ 244	$ 690	$ 4,960	$ 11,850

General Journal
Date	Account Titles	Debit	Credit
		$	$
Dec 10	Accounts Payable	6,500
	Equipment		6,500
Dec 26	Accounts Payable	1,300
	Merchandise Inventory		1,300