to Assignment tempts Score / 47 REINFORCEMENT ACTIVITY 2, Part A, p. 406 1. Journalize Transactions 2. Purchases and Sales Joumals 3. Cash Payments Journal 4. Cash Receipts Journal 5. Post Lines to Ledgers 6. Record Refs QUESTION ASSETS STEP: 1 of 10 Transactions COA Dec. 1 Paid cash to Riverside Properties for rent, $1,600.00 C456 2 Paid cash to City Office Source for office supplies, $216.00. C457 2 The board of directors declared a dividend of $0.50 per share, capital stock issued is 6,000 shares, M56. 3 Received cash on account from Chandler City Schools, covering $392 for $814 80, less 2% sales discount R402 3 Sold merchandise on account to Pacific Stores, $4,795.00, plus sales tax. 9395. 4 Paid cash to Downtown Hardware for miscellaneous expense, $85.00. C458, 6 Recorded cash and credit card sales, $5,845.00, plus sales tax, $315.63, total, $6,160.63. TS45 7 Bought $225.00 of office supplies and $312.00 of store supplies from Alpha Supply on account, $537.00 M57 8 Paid cash on account to Singh Imports, covering P243 for $1,589.00, less 2% discount C459. 8 Sold merchandise on account to Batesville Manufacturing, $1,208.00, plus sales tax S396 Gulf Uniform Supply, Inc. (GUS), a merchandising business, is organized as a corporation. The business sells a complete line of unife of businesses and organizations, including schools, medical offices, and retail stores. GUS is located in an open-area shopping center business Monday through Saturday. A monthly rent is paid for its store space in the shopping center. GUS accepts credit sales for ap and credit cards from individual customers