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)

NOTE RECEIVABLE 150
Date		PR	Debit	Credit	Balance
XX	Balance		XX	XX	2,000

ACCOUNTS PAYABLE 300
Date		PR	Debit	Credit	Balance
XX	Balance		XX	XX	5,000

NOTES PAYABLE 350
Date		PR	Debit	Credit	Balance
XX	Balance		XX	XX	10,000

OWNERS EQUITY 400
Date		PR	Debit	Credit	Balance
XX	Balance		XX	XX	35,000

SALES 500
Date		PR	Debit	Credit	Balance

INTEREST REVENUE 510
Date		PR	Debit	Credit	Balance

SALARIES EXPENSE 600
Date		PR	Debit	Credit	Balance

RENT EXPENSE 602
Date		PR	Debit	Credit	Balance

INTEREST EXPENSE 604
Date		PR	Debit	Credit	Balance

TELEPHONE EXPENSE 605
Date		PR	Debit	Credit	Balance