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Complete the general ledger entries in the first picture using the transactions from the purchases and cash payments journal (in that order) in the second image. For accounts with a $0 balance after posting an event, enter a "0" on the normal side of the account. If a line is not used in the table, leave the line empty; do not select a label or enter a zero. Abbreviations used: CR = Cash Receipts Journal, CP = Cash Payments Journal, J. = General Journal, P = Purchases Journal, S = Sales Journal

Cash Accounts Receivable Credit No. 101 Balance Debit Credit 4.400 13,690 Debit Date Post. Ref. Debit Balance Aug 31 CR. 119.290 31CP51 Credit Date Post. Ref. Balance Aug 31 S.4 31 CR. 11 No. 102 Balance Debit Credit 23,400 36.000 27,900 12,600 8,100 Merchandise Inventory Office Supplies Debit Credit No. 105 Balance Credit Debit Credit 41,700 42,510 810 41,700 3,780 37.920 114 37,806 Date Post. Ref. Debit Balance Aug 5 CP.5 31P8 No. 109 Balance Debit Credit 1,600 2.340 810 Date Post. Ref. Balance 19 CP 5 30 CR.11 5.4 31 CR.11 31P8 |31||| CP 5 740 31 Accounts Payable No. 201 Balance Debit Credit Date Post. Ref. Debit Credit 12,500 Balance Aug. 31|| 31 P.8 CP.5 Page 4 Invoice Customer Account Debited Sales Journal Post. Accounts Receivable DR Ref. Sales Revenue CR Cost of Goods Sold DR Merchandise Inventory CR Date No. Aug. 503 300 720 504 505 R. Loeb K. Smucker Fullam Company Totals 1,000 2,400 9,200 12,600 2,760 3,780 Cash Receipts Journal Post. Accounts Sales Ref. Cash DR Rec. CR Rev. CR Other Accts. CR Page 11 Cost of Goods Sold DR Merchandise Inv. CR Date Account Credited Aug. 4 Fullam Company 2,700 380 2,700 380 1,000 4,400 810 9,290 12 R. Loeb 24 K. Smucker 30 Merchandise Inv. 31 Totals 1,000 4,400 Aug 8,100 380 810 Purchases Journal Page 8 Other Accounts DR Account Post. Title Ref. Amount Vendor Account Credited Post. Accounts Ref. Payable CR Merchandise Inventory DR Office Supp. DR Date Terms Aug. 1,200 1,200 530 Furniture 530 3 Grossman, Inc. 22 Broman Corp. 26 French Company 31 Suncrest Supply 31 Totals 1/15, n/60 3/15, n/60 2/10,n/30 1/10, n/30 250 250 8,200 10,180 8,200 9,400 Aug. 250 530 Page 5 Accounts Payable DR Merchandise Inventory CR Date No. Cash Payments Journal Post. Other Ref. Accounts DR 1,100 1,050 740 Aug 682 683 Account Debited Rent Expense Salaries Payable Office Supplies French Company Grossman, Inc. Salaries Expense Merchandise Inventory Luke Milton, Withdrawals Totals 2,600 1,200 R Cash CR 1,100 1,050 740 2,600 1,188 1,040 810 900 9,428 12 1,040 810 900 5,640 Aug. - 31 3,800 - 12

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