1 look The Williams Company sells a product called Mix-Right for $15 each and uses a perpetual inventory system to account for its merchandise. The beginning balance of Mix-Rights and transactions during October 2020 were as follows: Oct 1 Balance: 94 units costing $5 each. 3 Purchased 109 units from Arnold Brothers costing $7.50 each 4 Returned 29 of the units purchased on October 3. 9 Sold 84 units to Kitchen Club, invoice #210. 15 Purchased 209 units from Arnold Brothers costing $8.20 each. 18 Sold 168 units to Thorhild Co-op, invoice #211. 19 Paid for the October 3 purchase; cheque #101. 23 Paid for the October 15 purchase, cheque #102. 24 Sold 59 units to Boyle Grocery, invoice #212. 31 Purchased 84 units from Arnold Brothers costing $8.00 each. Required: Journalize the October transactions in the sales, purchases, and cash disbursements journals. Assume all sales and purchases ar credit, terms 2/10, n/30. Under the assumption that the company keeps its records on a weighted average basis, enter the beginn balances and post each transaction on an inventory subledger record. Posting to other subledgers is not required. (Enter the transactions in the order provided in the question. Round final answers to 2 decimal places.) WILLIAMS COMPANY Sales Journal Assignment #4 1 Required: Journalize the October transactions in the sales, purchases, and cash disbursements journals. Assume all sales and purchases are on credit, terms 2/10, n/30. Under the assumption that the company keeps its records on a weighted average basis, enter the beginning balances and post each transaction on an inventory subledger record. Posting to other subledgers is not required. (Enter the transactions in the order provided in the question. Round final answers to 2 decimal places.) WILLIAMS COMPANY Date (2020) Account Debited Sales Journal Invoice Number A/R Dr. Sales Cr COGS Dr. Merchandise Inventory Cr. Oct 9 Kitchen Club 210 1.200.00 Oct 18 Thorhild Co-op 211 2.520.00 Oct. 24 Boyle Grocery 212 885.00 1 Date (2020) Account Credited eBook WILLIAMS COMPANY Purchases Journal Accounts Payable Merchandise Inventory Credit Debit Office Supplies Debit Other Accounts Debit Book Date (2020) WILLIAMS COMPANY Cash Disbursements Journal Ch No 82 Payee Cash- Merchandise Account Debited Credit Inventory Cr. Other Accts. Debit Accts. Payable Debit 1 eBook Mc Journal entry worksheet < 1 Record the returned 29 units. Note: Enter debits before credits. Date General Journal Debit Credit October 04, 2020 Recordanto Clear anto Miou.canarallournal ment #4 Purchases (Returns & Allow & Discounts) Sales (at cost) Inventory Balance Average Total Date 2020 Unit Total Unit Total Total Cost PR Units Units Cost Cost Cost Cost Units Cost Unit Book Oct.1. 94 $5.00 $ 470.00 3 P1 4 G1 9 $1 15 P1 18 $1 23 CD1 24 S1 Total 31 P1