Ryan Dave completed an Accounting1 Course and was hired as the bookkeeper of Cal Co., The Special Journal below have not been posted; nor "debited" or "credited" use on the column headings. Please assist Ryan by posting to the ledger and recording in the subsidiary ledger. Only post the amount. Make some written recommendation on how a new computer system may lessen the need for posting. **Cost of Good Sold is calculated as 75% of sales.

 

Transcribed Image Text:

SALES JOURNAL Account Blue Co. Jon Co. Roff Co. Totals PR 4800 00 5600 00 6400 00 16800 00 Sales Returns and Allowances Accounts Receivable, Jon Co. Customer returned merchandise Inventory Cost of Goods Sold Customer returned merchandise PURCHASES JOURNAL GENERAL JOURNAL Accounts Payable, Jingle Co. Inventory Returned defective merchandise Account PR Ralph Co. Sos Co. Jingle Co. Totals 400000 600000 800000 18 000 00 160000 120000 80000 160000 120000 80000 SALES JOURNAL Account Blue Co. Jon Co. Roff Co. Totals PR 4800 00 5600 00 6400 00 16800 00 Sales Returns and Allowances Accounts Receivable, Jon Co. Customer returned merchandise Inventory Cost of Goods Sold Customer returned merchandise PURCHASES JOURNAL GENERAL JOURNAL Accounts Payable, Jingle Co. Inventory Returned defective merchandise Account PR Ralph Co. Sos Co. Jingle Co. Totals 400000 600000 800000 18 000 00 160000 120000 80000 160000 120000 80000

Answer rating: 100% (QA)

The answer has been provided below step by step manner GENERAL JOURNAL Sales returns and allowances 160000 Accounts receivable Jon Co 160000 Customer returned merchandise Inventory 120000 Cost of good... View the full answer