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Journalize the selected transactions. Assume 360 days per year.

If no entry is required, select "No Entry Required" from the dropdown and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.

Jan. 3: Issued a check to establish a petty cash fund of $4,500.

Description	Debit	Credit
Accounts PayableAccounts ReceivableCashNo Entry RequiredPetty Cash	fill in the blank 2	fill in the blank 3
Accounts PayableAccounts ReceivableCashNo Entry RequiredPetty Cash	fill in the blank 5	fill in the blank 6

Feb. 26: Replenished the petty cash fund, based on the following summary of petty cash receipts: office supplies, $1,680; miscellaneous selling expense, $570; miscellaneous administrative expense, $880.

Description	Debit	Credit
Accounts PayableCashNo Entry RequiredOffice SuppliesPetty Cash	fill in the blank 8	fill in the blank 9
CashCash Short and OverMiscellaneous Selling ExpenseNo Entry RequiredPetty Cash	fill in the blank 11	fill in the blank 12
Accounts PayableCashMiscellaneous Administrative ExpenseNo Entry RequiredPetty Cash	fill in the blank 14	fill in the blank 15
CashCash Short and OverNo Entry RequiredOffice SuppliesPetty Cash	fill in the blank 17	fill in the blank 18

Apr. 14: Purchased $31,300 of merchandise on account, terms, n/30. The perpetual inventory system is used to account for inventory.

Description	Debit	Credit
Accounts PayableCashMerchandise InventoryNo Entry RequiredPurchases	fill in the blank 20	fill in the blank 21
Accounts PayableCashMerchandise InventoryNo Entry RequiredPurchases	fill in the blank 23	fill in the blank 24

May 13: Paid the invoice of April 14.

Description	Debit	Credit
Accounts PayableCashMerchandise InventoryNo Entry RequiredPurchases	fill in the blank 26	fill in the blank 27
Accounts PayableCashMerchandise InventoryNo Entry RequiredPurchases	fill in the blank 29	fill in the blank 30

May 17: Received cash from daily cash sales for $21,200. The amount indicated by the cash register was $21,240.

Description	Debit	Credit
Accounts ReceivableCashNo Entry RequiredNotes ReceivableSales	fill in the blank 32	fill in the blank 33
Accounts ReceivableCash Short and OverNo Entry RequiredSalesSales Discounts	fill in the blank 35	fill in the blank 36
Accounts ReceivableCashCash Short and OverNo Entry RequiredSales	fill in the blank 38	fill in the blank 39

June 2: Received a 60-day, 8% note for $180,000 on the Ryanair account.

Description	Debit	Credit
Accounts Receivable-RyanairCashInterest RevenueNo Entry RequiredNotes Receivable	fill in the blank 41	fill in the blank 42
Accounts Receivable-RyanairCashInterest RevenueNo Entry RequiredNotes Receivable	fill in the blank 44	fill in the blank 45

Aug. 1: Received amount owed on June 2 note plus interest at the maturity date.

Description	Debit	Credit
Accounts Receivable-RyanairCashInterest RevenueNo Entry RequiredNotes Receivable	fill in the blank 47	fill in the blank 48
Accounts Receivable-RyanairCashInterest ReceivableNo Entry RequiredNotes Receivable	fill in the blank 50	fill in the blank 51
Accounts Receivable-RyanairCashInterest RevenueNo Entry RequiredNotes Payable	fill in the blank 53	fill in the blank 54

Aug. 24: Received $7,600 on the Finley account and wrote off the remainder owed on a $9,000 accounts receivable balance. (The allowance method is used in accounting for uncollectible receivables.)

Description	Debit	Credit
Accounts Receivable-FinleyBad Debt ExpenseCashNo Entry RequiredSales	fill in the blank 56	fill in the blank 57
Accounts Receivable-FinleyAllowance for Doubtful AccountsBad Debt ExpenseNo Entry RequiredSales	fill in the blank 59	fill in the blank 60
Accounts Receivable-FinleyAllowance for Doubtful AccountsCashNo Entry RequiredSales	fill in the blank 62	fill in the blank 63

Sept. 15: Reinstated the Finley account written off on August 24 and received $1,400 cash in full payment.

Description	Debit	Credit
Accounts Receivable-FinleyAllowance for Doubtful AccountsCash Short and OverNo Entry RequiredNotes Receivable	fill in the blank 65	fill in the blank 66
Allowance for Doubtful AccountsCashNo Entry RequiredNotes ReceivableSales	fill in the blank 68	fill in the blank 69
Allowance for Doubtful AccountsBad Debt ExpenseCashNo Entry RequiredNotes Receivable	fill in the blank 71	fill in the blank 72
Accounts Receivable-FinleyBad Debt ExpenseCashNo Entry RequiredNotes Receivable	fill in the blank 74	fill in the blank 75

Sept. 15: Purchased land by issuing a $670,000, 90-day note to Zahorik Co., which discounted it at 9%.

Description	Debit	Credit
Accounts PayableCashLandNo Entry RequiredNotes Payable	fill in the blank 77	fill in the blank 78
Accounts PayableCashInterest ExpenseNo Entry RequiredNotes Payable	fill in the blank 80	fill in the blank 81
Accounts PayableInterest ExpenseLandNo Entry RequiredNotes Payable	fill in the blank 83	fill in the blank 84

Oct. 17: Sold office equipment in exchange for $135,000 cash plus receipt of a $100,000, 90-day, 9% note. The equipment had a cost of $320,000 and accumulated depreciation of $64,000 as of October 17.

Description	Debit	Credit
Accounts PayableCashNo Entry RequiredNotes PayableOffice Equipment	fill in the blank 86	fill in the blank 87
Depreciation Expense-Office Equip.Gain on Sale of Office EquipmentNo Entry RequiredNotes ReceivableOffice Equipment	fill in the blank 89	fill in the blank 90
Accumulated Depreciation-Office Equip.Depreciation Expense-Office Equip.No Entry RequiredNotes PayableOffice Equipment	fill in the blank 92	fill in the blank 93
Depreciation Expense-Office Equip.Gain on Sale of Office EquipmentLoss on Sale of Office EquipmentNo Entry RequiredOffice Equipment	fill in the blank 95	fill in the blank 96
Accumulated Depreciation-Office Equip.Gain on Sale of Office EquipmentNo Entry RequiredNotes ReceivableOffice Equipment	fill in the blank 98	fill in the blank 99

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