Question

Record each business transaction, in sequence by date, in theappropriate special journal or the general journal. Also,immediately record any transaction involving inventory, a customer,or a vendor in the appropriate subsidiary ledger record. Availablejournals & ledgers: Sales Journal, Purchase Journal, CashReceipts Journal, Cash Payment Journal, General Journal, GeneralJournal ADJ, General Journal CLOSING, General Ledger, AR Ledger, APLedger: - **I need to know which of the journals each transactionbelongs to as well of the above mentioned options**

JUNE JOURNALTRANSACTIONS
June 1	Signed a 3 year 7.1% , $210000 notepayable with First Bank.
June 1	Purchased 3100 GPS units on credit from Navistar for $35.5 perunit.
June 1	Issued 5,000 shares of common stock for$10 per share (Refer to General ledger for description of commonstock).
June 1	Sold 1983 DVD players on account to Toyotafor $75 per unit, Invoice #5555
June 2	Sold 3400 GPS units on account to Kia for$58 per unit, Invoice #5556.
June 2	Purchased office supplies from Office Maxon credit for $1150
June 2	Sold 975 docking stations for $66 per unitand 1925 GPS units for $82 per unit on account to Nissan, Invoice#5557.
June 3	The Board of Directors declared a cashdividend of $5 per share for shareholders of record on June 5th,payable on June 12th.
June 4	Received payment from Toyota for May 11thsale.
June 4	Rented part of the warehouse to a newtenant and received $5400 for three months rent starting inJune
June 5	Paid $2,100 to Michigan Utility Co. forutilities bill that was recorded in May as an Account Payable,Check #5278.
June 7	Received and paid expense reports fortravel and entertainment totaling $900 , Check#5279.
June 8	Paid for office supplies purchased on June2nd, Check#5280.
June 11	Paid in full for the June 1 purchase fromNavistar, Check#5281.
June 11	Received a bill from the law firm ofLarry, Moe & Curly for $5400 , payable upon receipt, for bondconsulting fees, Check#5282.
June 12	Paid the dividend that was declared onJune 3, Check #5283.
June 13	Took advantage of a special deal topurchase 3250 DVD players on account from JVC for $48 perunit.
June 13	Purchased 850 GPS units on credit fromMagellan for $33 per unit.
June 15	Sold 2000 DVD players on credit to FordMotor Co. for $89 per unit, Invoice5558.
June 15	Check # 5284 was issued for payroll:$14500 for salaried and $4750 for wages (wageexpense)
June 16	Purchased 1800 docking stations on creditfrom Samsung for $42 per unit.
June 17	Issued a credit to Kia for the return of350 defective units from the June 2nd sale. These units has a costbasis of $36 per unit.
June 17	Returned the 350 defective units receivedfrom Kia to Navistar.
June 18	Received payment in full from Toyota forthe June 1stsale.
June 20	While inspecting the June 13th purchase,it was discovered that the GPS units were programmed for SouthAmerica instead of North America. AC Speed returned the entireorder to Magellan.
June 20	A bankruptcy judge disallowed AC Speed'sclaim for $5,000 due from General Motors. Management Decided towrite off this accounts receivable.
June 22	Sold 1650 docking stations on credit toKia for 64.5 per unit, Invoice #5559.
June 23	Paid $75000 of the $162500 owed to JVCfrom May 25, Check #5285.
June 23	Received payment from Ford Motor Co. for$175000 of the $300000 owed from May5.
June 24	Purchased a $100 international phone cardfor one of the sales representative's upcoming European businesstrip, Check #5286.
June 25	Paid in full for the purchase from JVC onJune 13, Check#5287
June 26	Purchased 1250 docking station from Samsung for $41 per unitpaying in cash, Check #5288
June 27	Sold 1500 docking stations on credit toHonda for $61 per unit, Invoice 5560.
June 27	Hired and paid a consultant $75000 todevise a marketing plan. AC Speed's management felt this wasnecessary to develop brand awareness. Check#5289.
June 28	AC Speed is behind in its mortgagepayments to Bank of America. Paid a total of $10000 ( $2000principal and $8000 interest), Check #5290.
June 29	Received payment in full from Honda forthe June 27thtransaction.
June 29	Paid in full for the purchase fromMagellan on May 31st, Check#5291.
June 29	Check # 5292 was issued for payroll:$14500 for salaried and $4750 for wages (wageexpense)
June 30	Paid the first month's principal paymentof $15,000 on the note payable. In addition, paid one month'sinterest, Check #5293
June 30	Issued bonds payable at face value for$450,000
*All purchases on accountterms of 2/15, n/30
**All credit sales have termsof 2/20, n/30
June Month-endAdjustments:
( A )	AC Speed has earned one month of theprepaid rent received from their tenant at the beginning ofJune.
( B )	The Company took a physical count ofOffice Supplies on June 30 and found the following to be on hand:Office Supplies - $2500
( C )	AC Speed estimates bad debt expense on amonthly basis rather than waiting until year-end. The company usesthe allowance method. Based on recent industry estimates, AC Speedestimates that the allowance account should be 2% of accountsreceivable.
( D )	The Company took a physical inventorycount on June 30 and found the following inventory on hand:Merchandise Inventory - $120000
( E )	The Balance in the prepaid insuranceaccount at the beginning of June represents 4 months of coverage.Record the amount of insurance for June.
( F )	Depreciation on the company's fixed assets for the month ofJune is as follows:
	1. The furniture and equipment for thewarehouse was purchased a few years ago for 10000. These assetshave a 4-year life, an expected salvage value of 1000 and aredepreciated using the straight-line method.
	2. The furniture and equipment for theoffice was purchased last year for 8500. these assets have a 7 yearlife, an expected salvage value of 1500 and are depreicated usingstright-line method.