Exercise 7-06 a-b (Video) Ivanhoe Company uses special journals and a general journal. The following transactions occurred during September 2020. Sept. 2 Sold merchandise on account to H. Drew, invoice no. 101, $755, terms n/30. The cost of the merchandise sold was $395. 10 Purchased merchandise on account from A. Pagan $565, terms 2/10, 1/30 12 Purchased office equipment on account from R. Cairo $6,900. 21 Sold merchandise on account to G. Holliday, invoice no. 102 for $750, terms 2/10, 1/30. The cost of the merchandise sold was $525. 25 Purchased merchandise on account from D. Downs $880, terms 130. 27 Sold merchandise to S. Miller for $735 cash. The cost of the merchandise sold was $390. Prepare a sales journal and record the transactions for September that should be journalized. (Record entries in the order presented in the problem statement.) IVANIOE COMPANY Sales Journal Date Account Debited Invoice Accounts Receivable Dr. Cost of Goods Sold Dr. No. Rel. Sales Revenue Cr. Inventory Cr. 2020 Video Prepare a single-column purchases journal and record the transactions for September that should be journalized. (Record entries in the order presented in the problem statement.) Study IVANHOE COMPANY Purchases Journal Inventory Dr. Rel Accounts Payable Cr. Date Credited Terms 2020 Click if you would like to show Work for this question Open Show Work