GeneralJournal Seller and General Journal Buyer

Thanks

3) The following selected transactions were completed during July between All Ways Trading Co and Supervalu Co July 2. All Ways company sold merchandise on account to Supervalu Company, $16,000, terms FOB shipping point, 2/10, 1/30 and paid freight of $375, which was added to the invoice The cost of goods sold was $11,000, 12 Supervalu Co paid All Ways Co for purchase of July 2 invosco, less discount 24. All Ways Co sold merchandise on account to Supervalu Co, $13,200. Terms FOB shipping point, n/com. The cost of goods sold was $ 10,000. 26. Supervalu Co paid freight of $ 190 on July 24 purchase from All Ways Co. 30. Supervalu Co paid All Ways Co on account for July 24 purchase. Required: Journalize transaction for the month of July for |(1) All Ways Co, and (2) Supervalu Co, assuming both the Companies use perpetual inventory system. G H K M 1 General Journal - Buyer General Journal - Seller Account Titles Description PR Date Debit Credit Date Account Titles A Description PR Debit Credit 4 7 . 9 30 2 5 7 +