6:17 al Mail eastwestcollege.brightspace.com Eignment 4 v Assignment 4 2022 2 Walter Lanta invested $8,000 in the business CRJ July Py Sy 3. Purchased $2.000 merchandise from Pad & Sees, their invice Na 756 4 Sold merchandise on account o Panda Co, Na 1-$300. Cost of merchandises $225 5 Sold merchandic on account to Band Co, invoice No 25600. Cost of merchandise was $275 Sy 6 Cash salo-$400. Cost of merchandise was $300 G] 8 Issued credit memorandum No 1 o Panda C for defective merchandise-$100. No inventory mal 9 Purchased 51,150 merchandise from Black Bether, the invoice No 2014 10 Returned 5400 defective merchandise to Prel & Sons No inventory was returned CRI 11 Received cheque from Panda Ca fotini No 1 les returns and discount CR) SI 12 Paid amount owing to Black Brothers, choque 101 16 Cash sale---$500. Cost of merchandises $375 19 Sold merchandise on account to Panda Co-3550, Ini No 3. Cost of merchandise w $412.50 22 Purchased $1,800 merchandise from Black Bethers, their invoice No 22 24 Purchased $1,700 store display equipment from Adsins & Co their invoice No 1762 26 Paid amount due to Adkins & Co. cheque 102 29 Wrote cheque 103 for $250 to City News for ad 31 Cheque 104 to Fem Supplies for cash purchase. Invoice No 21785660.00 6:18 all Mail eastwestcollege.brightspace.com Question 1: Journalize, record, and post the following transactions as needed to the: sales, purchases. cash receipts. cash payments, and general journals All terms are 2/10, 1/30 on both sales and purchases. Question 2: Prepare a schedule of accounts receivable and accounts payable View as Text 2. bad Download Print