Selected accounts from the chart of accounts of Jinnah Ltd. are shown below:

101 Cash

112 Accounts receivable

120 Merchandise inventory

126 Supplies

157 Equipment

201 Accounts payable

401 Sales

412 Sales returns and allowances

505 Cost of goods sold

729 Salaries expense

The company uses a perpetual inventory system. The cost of all merchandise sold is 60% of the sales price. During January, Jinnah completed the following transactions:

Jan. 3 Purchased merchandise on account from Sun Distributors, $7,800.

4 Purchased supplies on account from Moon Inc., $480.

4 Sold merchandise on account to R. Wong, $6,500, invoice no. 371.

5 Returned $1,450 of damaged goods to Sun Distributors.

6 Made cash sales for the week totaling $2,650.

8 Purchased merchandise on account from Irvine Co., $5,400.

9 Sold merchandise on account to Tops Corp., $2,600, invoice no. 372.

11 Purchased merchandise on account from Lewis Co., $4,300.

13 Paid Sun Distributors account in full.

13 Made cash sales for the week totaling $5,290.

15 Received payment from Tops Corp. for invoice no. 372.

15 Paid semi-monthly salaries of $11,300 to employees.

17 Received payment from R. Wong for invoice no. 371.

17 Sold merchandise on account to NFQ Co., $7,500, invoice no. 373.

19 Purchased equipment on account from Mark Corp., $6,600.

20 Cash sales for the week totaled $1,400.

20 Paid Irvine Co. account in full.

23 Purchased merchandise on account from Sun Distributors, $4,800.

24 Purchased merchandise on account from Levine Corp., $4,690.

27 Made cash sales for the week totaling $4,370.

30 Received payment from NFQ Co. for invoice no. 373.

31 Paid semi-monthly salaries of $11,000 to employees.

31 Sold merchandise on account to R. Wong, $7,380, invoice no. 374.

Jinnah Ltd. uses a sales journal, a purchases journal, a cash receipts journal, a cash payments journal, and a general journal.

Instructions

(a) Record the January transactions in the appropriate journals.

(b) Foot and cross-foot all special journals.

(c) Show how postings would be made by placing ledger account numbers and check marks as needed in the journals. (Actual posting to ledger accounts is not required.)