Billy Bob Supply Company uses four special journals: purchases, sales, cash receipts, and cash disbursements, along with a general journal. The following transactions were incurred during August:

Aug. 1 Purchased merchandise from Able Co. for $6,000, terms 2/10, n/30.

3 Received check from Fox Co. (full balance outstanding) for July sale (less the 2% discount).

3 Sent check No.757 for $4,900 to Able Co. in full payment of outstanding balance from prior | month. 4 Sold merchandise on credit to Coe Co. for $5,000, terms 2/10, n/30, Invoice No. 245. Cost of the goods sold is $2,100.

5 Purchased merchandise from Baker Co. for $6,000, terms 1/15, n/30.

8 Purchased office supplies on credit from Echo Co. for $500, terms n/30.

9 Returned merchandise costing $300 to Able Co. from August 1 purchase.

11 Paid Able Co. for the August 1 purchase, (less 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.

18 Sold merchandise on credit to Coe Co. for $3,000, terms 2/10, n/30, Invoice No. 247. Cost of the goods sold is $1,200.

18 Received $2,300 cash for the $2,000 note receivable from Fox Corp. (included $300 Interest).

19 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.

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. 249. Cost of the goods sold was $2,000.

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 $6,000. The cost of the goods sold was $3,000.

29 Paid Telephone Bill for August of $1.000, Check No. 761.

Paid Salaries of $500 each to 3 employees Checks 762, 763, 764.

30 Issued Check # 765 for $5,200 ($5,000 note payable and $200 interest expense)

Record the above transactions in the appropriate special journals below. Post to ledgers and prepare the trial balances.

GENERAL JOURNAL
Date	Account Title	PR	Debit	Credit

PURCHASES JOURNAL
Date	Account	Invoice Date	Terms	PR	Account Payable Credit	Inventory Debit	Office Supplies Debit	Other Accounts Debit

CASH DISBURSEMENTS JOURNAL
Date	Check #	Payee	Account Debited	PR	Cash Credit	Merchandise Inventory Credit	Other Accounts Debit	Accounts Payable Debit

SALES JOURNAL

Date

Account Debited

Invoice Number

PR

Account Receivable -Debit Sales Credit

Cost of Good Sold Debit Inventory Credit

CASH RECIEPTS JOURNAL

Date

Account Credited

Explanation

PR

Cash Debit

Sales Discount Debit

Accounts Rec. Credit

Sales Credit

Cost of Goods Sold Debit Inventory Credit

Other Account Credit

CASH 100
Date		PR	Debit	Credit	Balance
XX	Balance		XX	XX	21,000

ACCOUNTS RECEIVABLE 200
Date		PR	Debit	Credit	Balance
XX	Balance		XX	XX	2,000