i More Info ard TO ou de ca Ace Dec. 2 Purchased merchandise inventory on credit from Triton, $4,700. Terms were 3/10 n/30. Dec. 3 Paid monthly rent, debiting Rent Expense for $2,600. Dec. 5 Purchased office supplies on credit terms of 3/10 n/30 from Ready Supply, $450. Dec. 8 Received and paid electricity utility bill, $510. Dec. 9 Purchased equipment on account from A-1 Equipment, $6,900. Payment terms were n/30. Dec. 10 Returned the equipment to A-1 Equipment. It was damaged. Dec. 11 Paid Triton the amount owed on the purchase of December 2. Dec. 12 Purchased merchandise inventory on account from Canopy Golf, $4,100. Terms were 1/10 n/30. Dec. 13 Purchased merchandise inventory for cash, $620. Dec. 14 Paid a semiannual insurance premium, debiting Prepaid Insurance, $1,800. Dec. 16 Paid its account payable to Ready Supply, from December 5. Dec. 18 Received and paid gas and water utility bills, $800. Dec. 21 Purchased merchandise inventory on credit terms of 1/10,n/45 from Dunnstable, Inc., $3,200. Dec. 21 Paid its account payable to Canopy Golf from December 12. Dec. 22 Purchased office supplies on account from Office Place, Inc., $300. Terms were n/30. Dec. 26 Retumed to Dunnstable, Inc. $1,500 of the merchandise inventory purchased on December 21. Dec. 31 Paid Dunnstable, Inc. the net amount owed from December 21, less the return on December 26. ; field Print Done i Data Table - X Number Account Number Account 111 Cash 181 131 211 Equipment Accounts Payable Rent Expense Utilities Expense Merchandise Inventory Prepaid Insurance Office Supplies 161 564 171 583 Print Done Requirements 1, 2, 3. Sparkling Lake Golf Shop records purchase returns in the general jumal. Use the appropriate jumal to record the transactions in a purchases jumala cash payments journal omheCheck o comanda por joumal. The company is the perpetual inventory system. Totalcach column of the special ouma show that total debito que el credits in each special omalow how poing would be made from the pas by the account numbers and check marks in the appropriate places in the journals. Begin win the purchases jumal. Enter the transactions and total the joumala box is not used in the journal love the box eroty, do not select information and do not enter a ser. Enter the column is not posted Abreviation Supp, Supplies Assume all postings are made to the applicable ledgers) Pago Other Accounts DR Vendor Accounts Merchandise Account Post Date Account Credited Terms Ret Payable CR Inventory DR Supp. DR Title Ref Amount Post Omice Doc. 2 Triton 10. 7 31/10, 1/30 5 Ready Supply 9 A1 Equipment 12 Canopy Gold 22 Office Place Inc 30 1/10, 1/30 n/30 Show how total debitis eual total credits Total debits Total credits Purchases jumal Now complete the cash payments jumal. Enter the transactions and total the journal of a box is not used in the journal leave the box omply do not select information and do not lerare.Enter the counttal is not posted Page CK Post Other Account Merchandise Date No. Account Debited Ret Accounts DR Payable DR Inventory CR Cash GR looc Dec 31 Totals The general ledger of Sparkling Lake Golf Shop includes the following selected accounts, along with their account numbers: (Click on the loon to view the accounts.) Transactions in December that affected purchases and cash payments flow Click on the icon to view the transactions) Read the requirements Show how total debits equal total credits - Total debits Total credits Cash payments journal Record the appropriate transactions in the general journal Sparkling Lake Golf Shop records purchase rebums in the general Journal (Record debit first, then credits Select the explanation on the last line of the journal entry Dec. 10: Returned the equipment to A-1 Equipment. It was damaged. Date Accounts and Explanation Post. Ret Debit Credit Dec 10 Dec. 26: Returned to Dunstable, Inc. $1,500 of the merchandise inventory purchased on December 21 Date Accounts and Explanation Post. Ref. Debit Dec. 26 Credit