In July, the following transactions were completed. All purchases and sales were an account. The cost of all merchandise sold was 70% of the sales price July Purchased merchandise from Eby Company $7,560. 1 2 3 5 8 13 15 16 18 21 22 24 26 28 Received freight bill from Shaw Shipping on Eby purchase $360 Made sales to Fort Company $1,140 and to Hefner Bros. $1.650. Purchased merchandise from Getz Company $3,250 Received credit on merchandise returned to Getz Company $260. Purchased store supplies from Dayne Supply $700, Purchased merchandise from Eby Company $3,590 and from Bosco Company $4,370 Made sales to Aybar Company $3,010 and to Hefner Bros. $1,600, Received bill for advertising from Welton Advertisements $650. Sales were made to Fort Company $300 and to Duncan Company $2.980. Granted allowance to Fort Company for merchandise damaged in shipment $60. Purchased merchandise from Getz Company $2.960. Purchased equipment from Dayne Supply $860. Received freight bill from Shaw Shipping on Getz purchase of July 24, $390. Sales were made to Aybar Company $5,410 30 Date Account Credited (Debited) Ref. Accounts Payable Cr. Inventory Dr. 126/ 610/ 157/ Sales Journal Accounts Receivable Dr. Sales Revenue Cr. Cost of Goods Sold D Inventory Cr. Date Account Debited Ref. (1124 750511 Date Account Titles and Explanation Debit Credit