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Accounting Transactions-For each of the following transactions, write the accounting double entry (if any) for each. Record account names and identify each as a debit

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Accounting Transactions-For each of the following transactions, write the accounting double entry (if any) for each. Record account names and identify each as a debit or credit- include dollar figures only where indicated (20 points) 1. A purchase order is issued to a vendor. 2. A sale on account is made to a customer who has purchased three books at $57.00 each. Note that the books cost you $30. each. The sale is subject to 5% sales tax. Include the dollar figures in your entry. 3. A sale of books has been made to a customer paying with a credit card. 4. A payment has been made to a vendor. Your accounting firm has taken a discount. Assume that the purchase was made on account. 5. There has been a receipt of book inventory (accompanied by an invoice) from a vendor. The purchase was made on account. 6. Merchandise for resale that your firm had purchased on account is returned to the vendor because it was found to be damaged. Note that the vendor's invoice was received and entered into your system. The invoice has not yet been paid. 7. You receive an invoice from your landlord for next month's rent. Droo 4. A payment has been made to a vendor. Your accounting firm has taken a discount. Assume that the purchase was made on account. 5. There has been a receipt of book inventory (accompanied by an invoice) from a vendor. The purchase was made on account. 6. Merchandise for resale that your firm had purchased on account is returned to the vendor because it was found to be damaged. Note that the vendor's invoice was received and entered into your system. The invoice has not yet been paid. 7. You receive an invoice from your landlord for next month's rent. 8. Five books costing $52. each are received from a vendor. The vendor has also charged you shipping and handling of $8.50. The invoice has not yet been received. Include the dollar figures in your entry. 9. Your accounting firm provides a service to a client who pays immediately with a check. 10. Your firm sends an invoice to a customer for 10 books at $45. each. The sale is subject to a 5% sales tax. Freight for the shipment will cost $5.60. The customer is also responsible for paying for the freight. The books originally cost you $20. each. Include the dollar figures in your entry

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