Oxford Computer Security uses the perpetual inventory system and makes all credit sales on terms of n$/30.$ Oxford completed the following transactions during May: Requirements $1.$ Enter the transactions in a sales journal $($page $7),$ a cash receipts journal $($page $5,$ omit Sales Discounts Forfeited column$),$ a purchases journal $($page $10),$ a cash payments journal $($page $8),$ and a general journal $($page $6),$ as appropriate.

$2.$ Total each column of the special journals. Show that total debits equal total credits in each special journal.

$3.$ The following four$-$column accounts in the subsidiary ledgers have been opened for you $($with beginning balances as of

May $1,$ if any$).$ Accounts receivable subsidiary ledger$$Austen Co$.,$ $$1,300$; Caron Co$.,$ $$0$; S$.$ A$.$ Preston, $$0$; and K$.$ B$.$ Jeren, $$0.$ Accounts payable subsidiary ledger$$Garrard Co$.,$ $$0$; Marston, Inc., $$0$; Sabbadin Inc., $$0$; and Weaver Co$.,$ $$700.$

$4.$ Post daily to the accounts receivable subsidiary ledger and to the accounts payable subsidiary ledger.

$5.$ The following four$-$column general ledger accounts have been opened for you using

Oxford's account numbers and balances as of May $1,2024.$ All accounts have normal balances.

Number Account Bal.

$111$ Cash $$15,100$

$112$ Accounts Receivable $1,300$

$114$ Merchandise Inventory $6,700$

$116$ Office Supplies $100$

$117$ Prepaid Insurance $0$

$151$ Furniture $1,900$

$211$ Accounts Payable $700$

$311$ Oliver, Capital $19,900$

$411$ Sales Revenue $7,700$

$419$ Interest Revenue $1,000$

$511$ Cost of Goods Sold $2,100$

$531$ Salaries Expense $1,600$

$541$ Utilities Expense $500$

On May $31,$ post to the general ledger.

$6.$ Prepare a trial balance as of May $31,2024,$ to verify the equality of the general ledger. Balance the total of the customer account ending balances in the accounts receivable subsidiary ledger against Accounts Receivable in the general ledger. Do the same for the accounts payable subsidiary ledger and Accounts Payable in the general ledger. Transactions May $2$ Issued invoice no$.913$ for sale on account to K$.$ B$.$ Jeren, $$2,500($cost$,$ $$1,100).$

May $3$ Purchased merchandise inventory on credit terms of $/10,$ n$/60$ from Garrard Co$.,$ $$2,800.$

May $5$ Sold merchandise inventory for cash, $$1,900($cost$,$ $$600).$

May $5$ Issued check no$.532$ to purchase furniture for cash, $$2,250.$

May $8$ Collected interest revenue of $$1,450.$

May $9$ Issued invoice no$.914$ for sale on account to Caron Co$.,$ $$5,800($cost$,$ $$2,400).$

May $10$ Purchased merchandise inventory for cash, $$1,500,$ issuing check no$.533.$

May $12$ Received cash from K$.$ B$.$ Jeren in full settlement of her account receivable from the sale on May $2.$

May $13$ Issued check no$.534$ to pay Garrard Co$.$ the net amount owed from May $3.$ Round to the nearest dollar.

May $13$ Purchased office supplies on account from Marston, Inc., $$550.$ Terms were n$/$EOM$.$

May $15$ Sold merchandise inventory on account to S$.$ A$.$ Preston, issuing invoice no$.915$ for $$925($cost$,$ $$450).$

May $18$ Issued invoice no$.916$ for credit sale to K$.$ B$.$ Jeren, $$250($cost$,$ $$100).$

May $19$ Received cash from Caron Co$.$ in full settlement of its account receivable from May $9.$

May $20$ Purchased merchandise inventory on credit terms of n$/30$ from Sabbadin Inc., $$2,150.$

May $22$ Purchased furniture on credit terms of $3/10,$ n$/60$ from Garrard Co$.,$ $$950.$

May $22$ Issued check no$.535$ to pay for insurance coverage, debiting Prepaid Insurance for $$1,500.$

May $24$ Sold office supplies to an employee for cash of $$75,$ which was Oxford's cost.

May $25$ Received bill and issued check no$.536$ to pay utilities, $$450.$

May $28$ Purchased merchandise inventory on credit terms of $2/10,$ n$/30$ from Marston, Inc., $$550.$

May $29$ Returned damaged merchandise inventory to Marston, Inc., issuing a debit memo for $$550.$

May $29$ Sold merchandise inventory on account to Caron Co$.,$ issuing invoice no$.917$ for $$3,000($cost$,$ $$600).$

May $30$ Issued check no$.537$ to pay Marston, Inc. in full for May $13$ purchase.

May $31$ Received cash in full from K$.$ B$.$ Jeren on credit sale of May $18.$

May $31$ Issued check no$.538$ to pay monthly salaries of $$1,650.$column of the special journals. Show that total debits equal total credits in each special journal.

$\backslash$table$[[$Date$,\backslash$table$[[$Invoice$],[$No$.]],\backslash$table$[[$Customer$],[$Account Debited$]],\backslash$table$[[$Post$.],[$Ref$.]],\backslash$table$[[$Accounts Receivable DR$],[$Sales Revenue CR$]],\backslash$table$[[$Cost of Goods Sold DR$],[$Merchandise Inventory CR$]]],[$May$,,,,,]]$