Question

Part 1 Journalize the following transactions for the month of June for Quixote Company using the...

Part 1
Journalize the following transactions for the month of June for Quixote Company
using the following list of Accounts and Account numbers.
Record all entries to the nearest cent. (26 points)
Accounts
Cash #110
Accounts Receivable #112
Merchandise Inventory #115
Estimated Returns Inventory #116
Store Supplies #117
Prepaid Insurance #119
Store Equipment #120
Accumulated Depreciation - Store Equipment #121
Accounts Payable #210
Salaries Payable #211
Customer Refunds Payable #212
Larkin, Capital #310
Larkin, Drawing #311
Sales #410
Cost of Merchandise Sold #510
Office Salaries Expense #511
Sales Salaries Expense #512
Rent Expense #513
Depreciation Expense #514
Insurance Expense #515
Delivery Expense #516
Misc. Selling Expense #517
Misc. Administrative Expense #518
1-Jun Paid rent for June, $4000 1 pt.
3-Jun Purchased merchandise on account from ABC Company for $10000
Terms 2/10, n/30, FOB shipping point.
We were billed $150 for shipping which was added to our invoice. 3 pts.
4-Jun Returned $2000 of the merchandise purchased on June 3 from ABC Company.
2 pts
6-Jun Sold $15000 of Merchandise on account to EFG Company, terms 1/20, n/30,
FOB shipping point.The cost of merchandise sold was $5000 and we
paid $250 for shipping which was billed and added to the customer's invoice.
3 pts.
7-Jun EFG company returned $1500 of the merchandise purchased on June 6.  
The cost of merchandise sold was $1000 2 pts.
8-Jun Paid Misc. Selling Expense of $500 and Misc. Administrative Expense of $100
2 pts.
9-Jun Purchased on account $350 of Store Supplies. 2 pts.
13-Jun Paid ABC Company for the purchase made on June 3rd, less the return of June 4th
3 pts.
16-Jun Purchased store supplies for $100 cash. 2 pts.
17-Jun Received cash from EFG Company for the sale of June 6,
less the return of June 7th. 3 pts.
25-Jun Paid Sales Salaries Expense of $650 and Office Salaries Expense of $750
2 pts.
30-Jun Owner withdrew $500 1 pt.
Post Page 1
Date Journal Entries Ref. Debit Credit
1-Jun Rent Expense 4,000.00
Cash 4,000.00
3-Jun
Post Page 2
Date Journal Entries Ref. Debit Credit

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