.101 401 .112 Accounting systems design: subsidiary and special ledgers PG.4 Selected accounts from the chart of accounts of Mengi Enterprises are shown below. Cash Sales Revenue Accounts Receivable 412 Sales Returns and Allowances 120 414 Inventory Sales Discounts 126 Supplies . 505 Cost of Goods Sold 157 .726 . 201 Equipment Salaries and Wages Expense Accounts Payable The cost of all merchandise sold was 60% of the sales price. During January, Mengi completed the following transactions (amounts in thousands). from Gum Co. R9,000. Jan. 3: Jan. 4: Purchased merchandise on account Purchased supplies for cash R80. Jan. 4: Sold merchandise on account to Weinga R5,250, invoice no. 371, terms 1/10, n/30. Returned R300 worth of damaged goods purchased on account from Gum Co. on January 3. Jan. 5: R3,150. Jan 6: Jan. 8: Made cash sales for the week totalling Purchased merchandise on account from Pangani Co. R4,500. Jan. 9: Sold merchandise on account to Lungi Corp. R5,400, invoice no. 372, terms 1/10, n/30. Jan. 11: Purchased merchandise on account from Che Co. R3,700. Jan. 13: Paid in full Gum Co. on account less a 2% discount. Jan 13: R6,260. Jan 15: Made cash sales for the week totaling Received payment from Loeng Corp. for invoice no. 372. Jan 15: Paid semi-monthly salaries of R14,300 to employees. Jan 17: Received payment from Wei for invoice po. 371