Aug 1 Summit Company sold merchandise on account to Beartooth Co,$52,150, terms FOB destination. n/15. The cost of the goods sold was $25,940 2 Summit Company paid freight of $1,235 for delivery of merchandise sold to Beartooth Co. on August 1. 5 Summit Company sold merchandise on account to Beartooth Co0,$60,090, terms FOB shipoing point. n/eom. The cost of the goods sold was $36,900 9 Beartooth Co paid freight of $2,140 on August 5 purchase from Summit Company. 15 Summit Company sold merchandise on account to Beartooth Co,$62,600, terms F OB shipping point, n/45. Summit paid freight of $1,515, which was added to the invoice. The cost of the goods sold was $32,600. 16 Beartooth Co. paid Summit Company for purchase of August 1. 20 Summit Company paid Beartooth Co a cash refund of $1,000 for defective merchandise purchased on August 1. Beartooth Co kept the merchandise. 31 Beartooth Co. paid Summit Company on account for purchase of August 5 31 Summit Company issued Beartooth Co. a credit memo for merchandise with an invoice amount of $3,800 that was returned from the August 15 sale. The cost of the merchandise returned was $2,200. Required: Joumalize the August transactions for (1) Summit Company and (2) Beartooth Co