I need to complete a General journal for the following data: Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which...

I need to complete a General journal for the following data:

Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the company's accounting work is completed through the end of April, and its ledgers show April 30 balances. During your first month on the job, the company experiences the following transactions and events (terms for all its credit sales are 2/10, n/30 unless stated differently):

May. 1  Issued Check No. 3410 to S&P Management Co. in payment of the May rent for $3,780. Charge $2,982 to Rent Expense—Selling Space, and charge $798 to Rent Expense—Office Space. (Use two lines to record the transaction.)  

May 2 (a)Sold merchandise on credit to Hensel Company, Invoice No. 8785, for $6,800 (cost is $4,800).

May  2 (b)Issued an allowance (price reduction) of $210 to Knox Co. for merchandise sold on April 28. The total selling price (gross) was $4,760.  

May 3  Issued a refund of $812 to Peyton Products for the return of merchandise purchased on April 29. Colo's accounts payable was reduced by that amount. 

May 4  Purchased the following on credit from Gear Supply Co.: merchandise, $37,086; store supplies, $588; and office supplies, $90. Invoice dated May 4, terms n/10 EOM. 

 May 5  Received payment from Knox Co. for the balance from the April 28 ($4,550) sale less the May 2 return and the $91 discount.  

May 8  Issued Check No. 3411 to Peyton Products to pay for the $7,133 of merchandise purchased on April 29 less the May 3 return and the $140 discount.  

May 9  Sold store supplies (noninventory) to the merchant next door at their cost of $371 cash.  

May 10  Purchased $4,116 of office equipment on credit from Gear Supply Co., terms n/10 EOM.  

May 11 (a)Received payment from Hensel Company for the May 2 sale less the discount of $136.  

May11 (b)Purchased $9,500 of merchandise from Garcia, Inc., terms 2/10, n/30.  

May12  Received a $896 price reduction from Gear Supply Co. for the return of office equipment received on May 10. Colo debited accounts payable by that amount.  

May15 (a)Issued Check No. 3412, payable to Payroll, in payment of sales salaries, $5,390, and office salaries, $3,220.  

May15 (b)Cash sales for the first half of the month are $59,360 (cost is $38,340). These cash sales are recorded in the cash receipts journal on May 15.  

May 15 (c)Post to the customer and creditor accounts. Also post individual items that are not included in column totals at the end of the month to the general ledger accounts.  

May16  Sold merchandise on credit to Hensel Company, Invoice No. 8786, for $4,060 (cost is $1,960).  

May 17  Purchased $13,720 of merchandise from Fink Corp., terms 2/10, n/60.  

May 19  Issued Check No. 3413 to Garcia, Inc., in payment of its May 11 purchase less the discount of $211.  

May 22  Sold merchandise to Lee Services, Invoice No. 8787, for $6,920 (cost is $5,060), terms 2/10, n/60.  

May 23  Issued Check No. 3414 to Fink Corp. in payment of its May 17 purchase less the discount of $287. .

May 24  Purchased the following on credit from Gear Supply Co.: merchandise, $8,260; store supplies, $700; and office supplies, $420. Terms n/10 EOM.  

May 25  Purchased $3,220 of merchandise from Peyton Products, terms 2/10, n/30. 

May 26 (a)Sold merchandise on credit to Crane Corp., Invoice No. 8788, for $14,280 (cost is $8,370).  

May 26 (b)Issued Check No. 3415 to Perennial Power in payment of the May electric bill, $1,297.  

May 29  The owner of Colo Company, Jenny Colo, used Check No. 3416 to withdraw $7,000 cash from the business for personal use.  

May 30 (a)Received payment from Lee Services for the May 22 sale less the discount of $144.  

May 30 (b)Issued Check No. 3417, payable to Payroll, in payment of sales salaries, $5,390, and office salaries, $3,220.  

May 31 (a)Cash sales for the last half of the month are $66,108 (cost is $42,535). These cash sales are recorded in the cash receipts journal on May 31.  

May 31 (b)Post to the customer and creditor accounts. Also post individual items that are not included in column totals at the end of the month to the general ledger accounts. Foot and crossfoot the journals and make the month-end postings.

Assume a perpetual inventory system.