General Journal subsidiary ledger Identify the journal where each of the following transactions should be recorded. Date Transaction July 3 The company purchased $3,300 of merchandise on credit from Advanced Parts, terms n/60. 6. The company sold $700 of merchandise (cost is $550) for cash to O'Reily. 7 The owner, A. Smith, contributed equipment worth $5,400 to the company. 9 The company sold $850 of used equipment (noninventory) on credit to Junk Yard, terms n/30. 13 The company sold $3,600 of merchandise (cost is $3,200) on credit to J. Bell, terms n/30. The company granted J. Bell an allowance (price reduction) of $540 for merchandise purchase Smith Auto credited accounts receivable for that amount. 22 The company purchased a building for $24,000 by issuing a note payable. 26 The company paid salaries of $4,600 with cash