P7-4A Select accounts from the chart of accounts of Boyden Company are shown bel

P7-4A Select accounts from the chart of accounts of Boyden Company are shown below Accounting Principles: Weygandt Kieso Kimmel 8th EditionVolume 1 Chapters 1-12 Pg. 323 P7-4A Boyden CompanyBoyden CompanyP7-4A Select accounts from the chart of accounts of Boyden Company are shown below101 cash112 accounts receivable120 merchandise inventory126 supplies157 equipment201 accounts payable401 sales412 sales returns and allowances414 sales discounts505 cost of goods726 salaries expenseThe cost of all merchandise sold was 60% of the sales price. During January Boyden completed the following transactionsJan 3 purchased merchandise on account from Wortham co.$10000Jan 4 purchased supplies for cash$ 80Jan 4 sold merchandise on account to Millan $ 5250 invoice no. 371 terms 1/10 n/30Jan 5 returned $300 worth of damaged goods purchased on account from Wortham co. on January 3Jan 6 made cash sales for the week totaling $ 3150Jan 8 purchased merchandise on account from Noyes co. $4500Jan 9 sold merchandise on account to Connor Corp $6400 invoice no 372 terms 1/10 n/3011 purchased merchandise on account from Betz co. $370013 paid in full Wortham co. on account less a 2% discount13 made cash sales for the week totaling $626015 received payment from Connor Corp for invoice no. 37215 paid semi-monthly salaries of $14300 to employees17 received payment from Milan for invoice no. 37117 sold merchandise on account to bullock co $1200 invoice no 373 terms 1/10 n/3019 purchased equipment on account from Murphy Corp $550020 cash sales for the week totaled $3200 20 paid in full Noyes co on account less a 2% discount23 purchased merchandise on account from Wortham co $780024 purchased merchandise on account from Fogetta Corp $510027 made cash sales for the week totaling $423030 Received payment from bullock co. for invoice no 37331 paid semi- monthly salaries of $13200 to employees31 sold merchandise on account to Millam $9330 invoice no. 374 terms 1/10 n/30Boyden Company used the following journals:1. Sales journal2. Single column purchases journal3.
cash receipts with Columns for cash Dr sales discounts Dr account
receivable Cr sales CR others accounts Cr and cost of goods sold Dr
merchandise inventory Cr cash payment journals with columns for others
accounts Dr accounts payable Dr. Merchandise Inventory Cr and cash Cr
general journalInstructions: Using the selected accounts provided:1 record the January transactions in the appropriated journal noted2 foot and cross foot all special journals3. Show how posting would be made placing ledger accounts numbers and checkmarks as needed in the Journals