Accounting 101 Fall 2017 Company uses four special journals: purchases, sales, cash receipts, and cash Billy Bob Supply disbursements, along with a general journal. The following transactions were incurred during August: ble Co. for $6,000, terms 2/10, n/30. Purchased merchandise from A Received check from Fox Co. (full balance outstanding) for Jul Sent check No.757 for $4,900 to Aug. y sale (less the 2% discount) Able Co. in full payment of outstanding balance from the prior ise on credit to Coe Co. for $$,000, terms 2/10, n/30, Invoice No. 245. r the goods sold is $20k Co. for $6,000, terms 1/15,n/30 4 Sold merchandise credit 5 Purchased merchandise from, Baker Co. for $6,000, terms 1 /15, nac 8 Purchased office supplies on credit from Echo Co. for S500, terms n/3o 9 Returned merchandise costing $300 to Able Co. from August 1 purchase discount) Check No. 758. 13 Received cash payment from Coe Co. for August 4 sale (less discount) 15 Paid August rent of $1,000, Check No. 759 15 Sold merchandise on credit to Fox Co. for $5,000, terms 2/10, n/30, Invoice No. 246. Cost of the goods sold is $2,400. Sold merchandise on credit to Coe Co. for $4,000, terms 2/10, n/30, Invoiee No Cost of the goods sold is $2,200. 18 . 247 Received $2,400 cash for the $2,000 note receivable from Fox Corp.Ginl 18 19 20 Made cash payment in full to Baker Co. for the August 5 purchase, Check No 760 20 Sold merchandise on credit to Fox Co. for $4,000, terms 2/10, n/30, Invoice No. 240 Sold merchandise on credit to Thomas Co for $6,000, terms 2/10, n/30, Invoice No. 248. Cost of the goods sold was $3,700. Cost of the goods sold was $2,400. 22 Sold merchandise on credit to Thomas Co. for $4,000, terms 2/10, n/30, Invoice No. 250 Cost of the goods sold is $2,200. 25 Received full payment less discount from Fox Co. for Aug.15 sale. 28 Recorded cash sales for the month $7,000. The cost of the goods sold was $3,000 29 Paid Telephone Bill for August of $800, Check No. 761. Paid Salaries of $500 each to 3 employees Checks 762, 763, 764. 30 Issued Check # 765 for S5.300 (S5,000 note payable and S300 interest expense) Record the above transactions in the appropriate special journals below. Post to ledgers and prepare the GENERAL JOURNAL Account Title PR bit Credit Sdles Retan ars Albeanc 414 300 300