Record the following transaction in the appropriate journals from April 1-April 15. I Really need help I would appreciate it very much, I have posted this twice already and have not gotten any responses . Thank you!

Enter the journal entries required (if any) from the transactions or source documents dated April 1 through April 15

- Record the purchase of inventory on account only, and any other transactions with credits to Accounts Payable, in the PURCHASE JOURNAL

-Record sales of inventory on account only in the SALES JOURNAL using the invoice number as the reference

-Record ALL cash payments, for whatever reason, in the CASH RECEIPTS JOURNAL

-Record adjustments and any other transactions that do not fit the above criteria in the GENERAL JOURNAL

4. Prepare an income statement, a statement of owner's equity, and a balance sheet. 5. Journalize the adjusting entries and post to the general ledger. 6. Journalize the closing entries on nage 7 of the general journal. Post to the general ledger, indicating closed accounts by inserting a horizontal line in both balance columns 7. Prepare a post-closing trial balance. Carefully read the introduction and see on the inside cover of 100 deer (CLGL) software ins GENERAL LEDGER SOFTWARE INSTRUCTIONS Carefully read the introduction and general instructions to the Fit & Fashionable practice set on pages 1-3, and review the chart of accounts on the inside cover of Booklet 2. Follow the steps below to complete this practice set using the Cengage Learning General Ledger (CLGL) software inside the CengageNOW learning management system. 1. This practice set is broken into three separate assignment parts, each graded separately. When you begin the second and third parts, all account balances will be set correctly for the beginning of that part, in order to prevent any previous errors from compounding. 2. To access additional help with the General Ledger functions, click on the Help button that appears near the bottom of the screen. (Note that you may need to scroll down and over to see this button.) 3. All account setups and opening balances required to begin this problem are loaded when you select the problem from the CengageNOW assignment menu. Click on the Save and Exit button at the bottom of your screen at any point to save your work if you need to stop working to continue later. Your work will automatically be restored when you retum. 4. For Parts 1 and 2: a. Set the System Date near the bottom of the screen to 4/01/18 for Part 1, or 4/16/18 for Part 2. (Note that you may need to scroll down to see the System Date box.) b. Enter the journal entries required (if any) from the transactions or source documents dated April I through April 15 for Part I, or those dated April 16 through April 30, up to but not including the Adjusting Entries, for Part 2. Click on the General Ledger tab, and then select the appropriate journal entry from the Tasks menu in the left menu bar, using the following criteria: Record the purchase of inventory on account only, and any other transactions with credits to Accounts Payable, in the Purchases Journal. Record sales of inventory on account only in the Sales Journal, using the invoice number as the reference. (Note that this journal is called the Revenue Journal in some texts.) Record ALL cash payments, for whatever reason, in the Cash Payments Journal, using the check number as the reference. Record ALL cash receipts, including cash sales, in the Cash Receipts Journal Record adjustments and any other transactions that do not fit the above criteria in the General Journal. Detailed instructions for entering transactions in each journal are found in the online instructions attached to each part of the set. Fit & Fashionable A 800 Coco Drive, Coconut Grove, FL 33133 NARRATIVE OF TRANSACTIONS Record the following transactions in the appropriate journals. April 1 Purchased merchandise on Account April 4 from Alexus Fitness Connection, $13.865.00. Terms are a/30 Sold merchandise on account, Invoice 4 No. 301, to Miami Health Club for the net amount of $5,301.60. The Cost of Goods Sold is $3,864.00. 5 Credit term for all sales on account are 2/10, 1/30. Credit sales are recorded net of the 2% discount assuming customers will take the discount. Fit & 5 Fashionable uses a perpetual inventory system and therefore records the cost of goods sold as well as the sale. 6 1 Issued Check No. 2201 for $14,268.80 to Alexus Fitness Connection in payment of its invoice of March 6. 2 Received a check for $14,406.00 from Body Excellence Fitness Club in payment of our invoice of March 27 for $14,700.00, less discount 2 Issued Check No. 2202 for $5,700.00 to Harvey Insurance Company as a prepayment of insurance for a 12- month policy. 3 Issued Check No. 2203 for $46,480.00 8 to Fizzy-Cal Network in payment of its invoice of March 7 (no discount). 3 Sold merchandise on account, Invoice No. 302, to All Access Fitness Center for the net amount of $9,364.29. The Cost of Goods Sold is $6,825.00. 3 Received a check from Cory's Gym in the Grove for $12,348.00 in payment of our invoice of March 27. Issued Check No. 2204 for $14,000.00 to HeartFit Enterprises in payment of its invoice of March 28. Received a check for $6,174.00 from The Sun Set Recreation Center in payment of our invoice of March 8. Sold merchandise on account, Invoice No. 303, to Westwood Boxing Gym for the net amount of $27,306.48. The Cost of Goods Sold is $19,903.68. Purchased merchandise on account from Sports Magic Warehouse, $49,519.75. Terms are n/30. Cash sales for April 1-6 were $26,600.00. The Cost of Goods Sold is $18,024.00. Reminder: Record the following separate deposits in the checkbook register: the $26,600.00 of cash sales and the total of the checks received as payments on account this week. Received a check for $8,232.00 from Westwood Boxing Gym in payment of our invoice of March 29 for $8,400.00, less discount. Purchased merchandise on account from Fit & Fab Health Products, $5,230.00, terms 2/10, 1/30. Record this purchase net of the discount. Sold merchandise on account, Invoice No. 304, to The Sun Set Recreation Center for the net amount of $21,756.88. The Cost of Goods Sold is $15,858.00. 65 edu l eshlechsite inhole or in part part April 15) Received a check for $27,306.48 from Westwood Boxing Gym in payment of Invoice No. 303. April 8 Received a check for $10,976.00 from Pine Bay Fitness Club in payment of our invoice of March 30. 9 Purchased the following on account from Fizzy-Cal Network: display (charge to Store Supplies), S1,800.00; merchandise, $9,600.00 Total: $11,400.00. Terms are n/30. 9 Issued Credit Memorandum No. 107 to The Sun Set Recreation Center for merchandise returned on Invoice No. 304 of April 8 for the discounted price of $823.20. The Cost of Goods Sold is $600.00. 10 Issued Check No. 2205 for $175.00 to Marty Chavez for customer entertain- ment (charge to Miscellaneous Selling Expense). 10 Sold merchandise on account, Invoice No. 305, to Rockdale Gym for the net amount of $13,373.86. The Cost of Goods Sold is $9,412.00. 11 Received Credit Memorandum No. 432 from Fit & Fab Health Products for merchandise returned, $875.00. Record this return net of the discount, $857.50. 11 Received a check for $300.00 from SupplyMax for return of store supplies that were originally purchased for cash. 11 Received a check for $5,301.60 from Miami Health Club in payment of Invoice No. 301. 12 Received a check for $9,364.29 from All Access Fitness Center in payment of Invoice No. 302. 13 Issued Check No. 2206 for $13,000.00 to Payroll for biweekly salaries: sales salaries, $8,000.00; office salaries, $5,000.00 Cash sales for April 8-13 were $36,120.00. The Cost of Goods Sold is $24,910.80. Reminder: Record the following separate deposits in the checkbook register: the $36,120.00 of cash sales and the total of the checks received as payments on account this week. 4. Prepare an income statement, a statement of owner's equity, and a balance sheet. 5. Journalize the adjusting entries and post to the general ledger. 6. Journalize the closing entries on nage 7 of the general journal. Post to the general ledger, indicating closed accounts by inserting a horizontal line in both balance columns 7. Prepare a post-closing trial balance. Carefully read the introduction and see on the inside cover of 100 deer (CLGL) software ins GENERAL LEDGER SOFTWARE INSTRUCTIONS Carefully read the introduction and general instructions to the Fit & Fashionable practice set on pages 1-3, and review the chart of accounts on the inside cover of Booklet 2. Follow the steps below to complete this practice set using the Cengage Learning General Ledger (CLGL) software inside the CengageNOW learning management system. 1. This practice set is broken into three separate assignment parts, each graded separately. When you begin the second and third parts, all account balances will be set correctly for the beginning of that part, in order to prevent any previous errors from compounding. 2. To access additional help with the General Ledger functions, click on the Help button that appears near the bottom of the screen. (Note that you may need to scroll down and over to see this button.) 3. All account setups and opening balances required to begin this problem are loaded when you select the problem from the CengageNOW assignment menu. Click on the Save and Exit button at the bottom of your screen at any point to save your work if you need to stop working to continue later. Your work will automatically be restored when you retum. 4. For Parts 1 and 2: a. Set the System Date near the bottom of the screen to 4/01/18 for Part 1, or 4/16/18 for Part 2. (Note that you may need to scroll down to see the System Date box.) b. Enter the journal entries required (if any) from the transactions or source documents dated April I through April 15 for Part I, or those dated April 16 through April 30, up to but not including the Adjusting Entries, for Part 2. Click on the General Ledger tab, and then select the appropriate journal entry from the Tasks menu in the left menu bar, using the following criteria: Record the purchase of inventory on account only, and any other transactions with credits to Accounts Payable, in the Purchases Journal. Record sales of inventory on account only in the Sales Journal, using the invoice number as the reference. (Note that this journal is called the Revenue Journal in some texts.) Record ALL cash payments, for whatever reason, in the Cash Payments Journal, using the check number as the reference. Record ALL cash receipts, including cash sales, in the Cash Receipts Journal Record adjustments and any other transactions that do not fit the above criteria in the General Journal. Detailed instructions for entering transactions in each journal are found in the online instructions attached to each part of the set. Fit & Fashionable A 800 Coco Drive, Coconut Grove, FL 33133 NARRATIVE OF TRANSACTIONS Record the following transactions in the appropriate journals. April 1 Purchased merchandise on Account April 4 from Alexus Fitness Connection, $13.865.00. Terms are a/30 Sold merchandise on account, Invoice 4 No. 301, to Miami Health Club for the net amount of $5,301.60. The Cost of Goods Sold is $3,864.00. 5 Credit term for all sales on account are 2/10, 1/30. Credit sales are recorded net of the 2% discount assuming customers will take the discount. Fit & 5 Fashionable uses a perpetual inventory system and therefore records the cost of goods sold as well as the sale. 6 1 Issued Check No. 2201 for $14,268.80 to Alexus Fitness Connection in payment of its invoice of March 6. 2 Received a check for $14,406.00 from Body Excellence Fitness Club in payment of our invoice of March 27 for $14,700.00, less discount 2 Issued Check No. 2202 for $5,700.00 to Harvey Insurance Company as a prepayment of insurance for a 12- month policy. 3 Issued Check No. 2203 for $46,480.00 8 to Fizzy-Cal Network in payment of its invoice of March 7 (no discount). 3 Sold merchandise on account, Invoice No. 302, to All Access Fitness Center for the net amount of $9,364.29. The Cost of Goods Sold is $6,825.00. 3 Received a check from Cory's Gym in the Grove for $12,348.00 in payment of our invoice of March 27. Issued Check No. 2204 for $14,000.00 to HeartFit Enterprises in payment of its invoice of March 28. Received a check for $6,174.00 from The Sun Set Recreation Center in payment of our invoice of March 8. Sold merchandise on account, Invoice No. 303, to Westwood Boxing Gym for the net amount of $27,306.48. The Cost of Goods Sold is $19,903.68. Purchased merchandise on account from Sports Magic Warehouse, $49,519.75. Terms are n/30. Cash sales for April 1-6 were $26,600.00. The Cost of Goods Sold is $18,024.00. Reminder: Record the following separate deposits in the checkbook register: the $26,600.00 of cash sales and the total of the checks received as payments on account this week. Received a check for $8,232.00 from Westwood Boxing Gym in payment of our invoice of March 29 for $8,400.00, less discount. Purchased merchandise on account from Fit & Fab Health Products, $5,230.00, terms 2/10, 1/30. Record this purchase net of the discount. Sold merchandise on account, Invoice No. 304, to The Sun Set Recreation Center for the net amount of $21,756.88. The Cost of Goods Sold is $15,858.00. 65 edu l eshlechsite inhole or in part part April 15) Received a check for $27,306.48 from Westwood Boxing Gym in payment of Invoice No. 303. April 8 Received a check for $10,976.00 from Pine Bay Fitness Club in payment of our invoice of March 30. 9 Purchased the following on account from Fizzy-Cal Network: display (charge to Store Supplies), S1,800.00; merchandise, $9,600.00 Total: $11,400.00. Terms are n/30. 9 Issued Credit Memorandum No. 107 to The Sun Set Recreation Center for merchandise returned on Invoice No. 304 of April 8 for the discounted price of $823.20. The Cost of Goods Sold is $600.00. 10 Issued Check No. 2205 for $175.00 to Marty Chavez for customer entertain- ment (charge to Miscellaneous Selling Expense). 10 Sold merchandise on account, Invoice No. 305, to Rockdale Gym for the net amount of $13,373.86. The Cost of Goods Sold is $9,412.00. 11 Received Credit Memorandum No. 432 from Fit & Fab Health Products for merchandise returned, $875.00. Record this return net of the discount, $857.50. 11 Received a check for $300.00 from SupplyMax for return of store supplies that were originally purchased for cash. 11 Received a check for $5,301.60 from Miami Health Club in payment of Invoice No. 301. 12 Received a check for $9,364.29 from All Access Fitness Center in payment of Invoice No. 302. 13 Issued Check No. 2206 for $13,000.00 to Payroll for biweekly salaries: sales salaries, $8,000.00; office salaries, $5,000.00 Cash sales for April 8-13 were $36,120.00. The Cost of Goods Sold is $24,910.80. Reminder: Record the following separate deposits in the checkbook register: the $36,120.00 of cash sales and the total of the checks received as payments on account this week