Jeff Ryan completed an Accounting I course and was recently hired as the bookkeeper of Spring Co. The special journals shown below have not been posted; nor are “Dr.” and “Cr.” used on the column headings. Please assist Jeff by posting to the general ledger and recording in the subsidiary ledger. (Only post or record the amounts since no chart of accounts is provided.) Make some written recommendations on how a new computer system may lessen the need for posting. Note that cost of goods sold is calculated as 75% of sales.

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SALES JOURNAL Account Blue Co. Jon Co. Roff Co. Totals PR 4800 00 560000 6400 00 1680000 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 160000 120000 180000 400000 6 0 0 0 001 800000 1800000 160000 120000 800001