01/03: Strong Construction purchases 2,000 bd. ft on account for $3,200

01/04: The Manager pays BWLC for December 3 purchases (27,000)

01/04: Beacon Personnel are broke after the holidays. The manager pays accrued salaries ($5,248)

01/04: A large person driving an AZCO two truck drives up to the office. The office manager hastily. writes out a check for January's rent ($1,000)

01/04: Joe Strong of Strong Construction calls to complain that 600 bd ft. of framing lumber shipped in a recent order was defective. The office manager investigates the problem and agrees to grant a Sales Allowance of $200.

01/04: John Q. Homeowner has realized that he miscalculated the amount of lumber he needed for his home improvement project and asks the store manager if he can return 200 bd ft. of framing lumber. Beacon accepts the return.

01/04: Beacon announces a revision to its credit policies. All account holders will be allowed a 2% discount if they pay their within 10 days. Other balances will continue to be due in 30 days.

01/10: Beacon receives a check from Strong for full payment of the Jan 3 purchase.

01/10: Beacon has recently negotiated a $10,000 increase in its credit limit with BWLC and purchases 20,000 board feet of inventory, for $18,000. It pays $4,000 cash and charges the remaining $14,000. BWLC will grant a 2% discount for bills paid within 10 days.

According to the information above, what do you think are the journal entries?