Akizuki started a new business called Fall Moon Ultimate. Fall Moon buys and sells premium Ultimate Frisbee clothes and gear. All purchases and sales are made on credit. Fall Moon uses the perpetual inventory system and the 3-way match. Below is a partial list of events for the company. Analyze the three events below and for each state which accounts get debited, which accounts get credited, which special journal are they recorded in and which subsidiary ledgers get updated from the transactions..

1. October 15, Shipped and billed (Sold) 500 Jerseys to Hanks Sports, Inc. for $7,500. Invoice number 200 was prepared. The discs cost Fall Moon $5,000.
2. October 17, Received $2,000 from Dog Town Discs for goods that were shipped and invoiced the prior month.
3. October 20, Received an invoice for $3,000 from Three Dogs for inventory and performed the 3-way match. The inventory was ordered on September 20 and received on October 20.

Account Account Special Subsidiary

Debited Credited Journal Ledger

1.

2.

3.

In the space below, please answer transactions 1, 2, and 3, stating the accounts debited, accounts credited, which special journal is used, and which subsidiary ledgers are updated. You can copy the headers above.