Selected accounts from the chart of accounts of Cross Company are shown below.

101 Cash                                               401 Sales
112 Accounts Receivable                      412 Sales Returns and Allowances
120 Merchandise Inventory                  414 Sales Discounts
126 Supplies                                         505 Cost of Goods Sold
157 Equipment                                     726 Salaries and Wages Expense
201 Accounts Payable

The cost of all merchandise sold was 60% of the sales price. During January, Cross completed the following transactions.

Jan. 3 Purchased merchandise on account from Carr Co. $10,000.
4 Purchased supplies for cash $80.
4 Sold merchandise on account to Hartman $7,250, invoice no. 371, terms 1/10, n/30.
5 Issued a debit memorandum to Carr Co. and returned $300 worth of damaged goods.
6 Made cash sales for the week totaling $3,150.
8 Purchased merchandise on account from Law Co. $4,500.
9 Sold merchandise on account to Mays Corp. $5,800, invoice no. 372, terms 1/10, n/30.
Jan. 11 Purchased merchandise on account from Hoble Co. $3,700.
13 Paid in full Carr Co. on account less a 2% discount.
13 Made cash sales for the week totaling $5,340.
15 Received payment from Mays Corp. for invoice no. 372.
15 Paid semimonthly salaries of $14,300 to employees.
17 Received payment from Hartman for invoice no. 371.
17 Sold merchandise on account to Piper Co. $1,200, invoice no. 373, terms 1/10, n/30.
19 Purchased equipment on account from Johnson Corp. $5,500.
20 Made cash sales for the week totaling $3,200.
20 Paid in full Law Co. on account less a 2% discount.
23 Purchased merchandise on account from Carr Co. $7,800.
24 Purchased merchandise on account from Levine Corp. $4,690.
27 Made cash sales for the week totaling $3,730.
30 Received payment from Piper Co. for invoice no. 373.
31 Paid semimonthly salaries of $13,200 to employees.
31 Sold merchandise on account to Hartman $9,330, invoice no. 374, terms 1/10, n/30.

Clark Company uses the following journals.
  1. Sales journal.
  2. Single-column purchases journal.
  3. Cash receipts journal with columns for Cash Dr., Sales Discounts Dr., Accounts Receivable Cr., Sales Cr., Other Accounts Cr., and Cost of Goods Sold Dr./Merchandise Inventory Cr.
  4. Cash payments journal with columns for Other Accounts Dr., Accounts Payable Dr., Merchandise Inventory Cr., and Cash Cr.
  5. General journal.

Instructions
Using the selected accounts provided:
  (a) Record the January transactions in the appropriate journal noted.
  (b) Foot and cross-foot all special journals.
  (c) Show how postings would be made by placing ledger account numbers and checkmarks as needed in the journals. (Actual posting to ledger accounts is not required.)