$1,700 c. Prove the agreemen or we ce P7.3A (LO 2, 3) The chart of accounts of LR Company includes the following selected accounts in iournal and general and 112 Accounts Receivable 120 Inventory 126 Supplies 157 Equipment 201 Accounts Payable 401 Sales Revenue Sales Returns and Allowances Cost of Goods Sold Advertising Expense 412 505 GLS 610 In July, the following transactions were all merchandise sold was 70% of the sales price. completed. All purchases and sales were on account. The cost of July1 Purchased merchandise from Eby Company $8.000. 2 Received freight bill from Shaw Shipping on Eby purchase $400. 3 Made sales to Fort Company $1,300 and to Hefner Bros. $1,500. 5 Purchased merchandise from Getz Company $3,200. Received credit on merchandise returned to Getz Company $300. Purchased store supplies from Dayne Supply $720. 15 Purchased merchandise from Eby Company $3,600 and from Bosco Company $4,300. 16 Made sales to Aybar Company $3,450 and to Hefner Bros. $1,870. Received bill for advertising from Welton Advertisements $600. 21 8 13 18 Sales were made to Fort Company $310 and to Duncan Company $2,800. 22 Granted allowance to Fort Company for merchandise damaged in shipment $40. 24 Purchased merchandise from Getz Company $3,000. 26 Purchased equipment from Dayne Supply $900. 28 Received freight bill from Shaw Shipping on Getz purchase of July 24, $380 30 Sales weremade to Aybar Company $5,600. Instructions a. Journalize the transactions above in a purchases journal, a sales journal, and a general journal. The purchases journal should have the following column headings: Date, Account Credited (Debited), Ref., Accounts Payable Cr., Inventory Dr., and Other Accounts Dr. a. b. Post to both the general and subsidiary ledger accounts. (Assume that all accounts have zero begin- ning balances.) c. Prove the agreement of the control and subsidiary accounts