Current Attempt in Progress The chart of accounts of Cullumber Company includes the following selected accounts 112 Accounts Receivable 401 Sales Revenue 120 Inventory 412 Sales Returns and Allowances 126 Supplies 505 Cost of Goods Sold 157 Equipment 610 Advertising Expense 201 Accounts Payable In July, the following transactions were completed. All purchases and sales were on account. The cost of all merchandise sold was 70% of the sales price. July Purchased merchandise from Eby Company $8,480 1 2 2 Received freight bill from Shaw Shipping on Eby purchase $350. 3 Made sales to Fort Company $1.280 and to Hefner Bros. $1.580, 5 Purchased merchandise from Getz Company $3.290 8 Der Received credit on merchandise returned to Getz Company $320. 13 Purchased store supplies from Dayne Supply $730 15 Purchased merchandise from Eby Company $3.700 and from Bosco Company $4.310. . 16 Made sales to Aybar Company $3.690 and to Hefner Bros. $1,950. 18 Received bill for advertising from Welton Advertisements $640. Sales were made to Fort Company $490 and to Duncan Company $3,300. 22 Granted allowance to Fort Company for merchandise damaged in shipment $30. 24 Purchased merchandise from Getz Company $2,900. Purchased equipment from Dayne Supply $830. 28 Received freight bill from Shaw Shipping on Getz purchase of July 24, $310, 30 Sales were made to Aybar Company $5,830. 21 26 General Lenger Debit Accounts Receivable Date Explanation Ref 51 Credit Debit Credit GI Aybar Company Date Explanation Rul SI SI Duncan Company Date Explanation Ref . 51 GI 18920 Inventory Date Debit Creat Debit Credit Explanation Ret P1 GI SE Accounts Payable Subsidiary Ledger Dett Credit Supplies Date Explanation Ref. Debit Credit Debit Credit Debit Credit Equipment Date Explanation Ref. . P1 Accounts Payable Date Explanation Ref NB 21 M Debit Dayne Supply Date Explanation Ref. P1 PE Shaw Shipping Date Explanation Ref PI PI by Company Date Explanation Ret P1 PA Get Company Date Explanation Ref. PA Credit Debit Credit Debit Creal Debit Credit Debit Credit Sales Revenue Date Explanation Ref 51 Sales Returns and Allowances Date Explanation of GI Cost of Goods Sold Data Explanation Ref . 5 Advertising Expense Date Explanation Ref Debit Credit Date Debit Credit P: Welton Advertisements Explanation Ref. PI Bosce Company Date Explanation Hot. Debit Credit Debit Credit