3. Prepare a schedule UI JU 2A-2. Reed Smith recently opened Reed's Skate Shop. The company uses the period system. As the bookkeeper of the company, use the periodic method to jour. nalize, record, and post when appropriate the following transactions (account numbers are Store Supplies 115: Store Equipment 121; Accounts Payable 210 Purchases 510): 201X May 4 5 Bought $1,300 of merchandise on account from Waldo Co., invoice no. 442, dated May 5; terms 5/10, n/30. Bought $5,300 of store equipment on account from Kelowna Co., invoice no. 502, dated May 6. Bought $2,000 of merchandise on account from Redwood Co., invoice no. 401, dated May 9, terms 5/10, n/30. Bought $800 of store supplies on account from Waldo Co., invoice no. 419, dated May 14. 8 14