Do not attempt if you cant finish both.

Kay 1 Sold merchandise for $1,140 cash (cost is $870 ) to Miller. May 4 Purchased nerchandise on credit from Allen for $4,300, terms n/30. May 5 The owner, Snith, contributed $7,400 worth of machinery to the company. May 7 Sold $1,170 of used machinery (noninventory) on credit to Johnson, terins n/6e. May 14 Purchased equipment for $38,000 by issuing a note payable. May 21 Sold merchandise for $5,600 (cost is $4,960 ) on credit to Jones, terms n/60. May 23 Granted Jones an allowance (price reduction) of $680 for nerchandise purchased on May 21 and credited accounts recelvable for that anount. May 24 Paid wages of $7,400 with cash. Enter answers in the tabs below. Record the transactions that should be journalized in the general journal. Note: if the transaction is not recorded in the general journal, select "Not recorded in general journar" in the first account field. Journal entry worksheet 678 The owner, 5 mith, contributed $7,400 worth of machinery to the company. Note: Enter debits before credits. Record the transactions that should be journalized in the general journal. Note: if the transaction is not recorded in the general journal, select "Not recorded in general journal" in the first account field. Journal entry worksheet Sold $1,170 of used machinery (noninventory) on credit to Johnson, terms n/60. Note: Enter debits before credits