1) If a two-column (all purpose) general journal, a purchases journal, and a cash payments journal are used, indicate the journal in which each of the following transactions should be recorded: a. Payment of rent b. Purchase of supplies on account C. Purchase of computer on account d. Purchase of supplies for cash e. Advance payment of a one-year fire insurance policey on the office f. Adjustment to record accrued salaries at the end of the period g. Adjustment to record depreciation at the end of the month h. Payment of an account payable 2) During the current year, mechandise is sold for $72,400 cash and $229,200 on account. The cost of merchandise sold is $136,600. What is the gross profit? 3) (a.) Nelson Company purchased merchandise on account from Hogan Manufacturing for $6,200 2/10 (b.) Nelson Company paid for the merchandise within the discount period. Under a perpetual inventory system, record the journal entries required for Nelson Company for the above transactions DR CR Possible Accou Cash Accounts Receiva Merchadise Inver Cost of Merchan Accounts Payab b. Eldrick Company sold merchandise on account for $17,200, with terms 2/10 net 30. The cost the merchandise sold was $12,100 DR CR a. Possible A Cash Accounts Rec Sales Sales Discou