In July, the following transactions were completed. All purchases and sales were on account. The cost of all merchandise sold was 70% of the sales price. Purchased merchandise from Eby Company $8,120. July 1 2 3 5 8 13 15 16 Received freight bill from Shaw Shipping on Eby purchase $400. Made sales to Fort Company $1,570 and to Hefner Bros. $1,720. Purchased merchandise from Getz Company $3.280. Received credit on merchandise returned to Getz Company $320. Purchased store supplies from Dayne Supply $720. Purchased merchandise from Eby Company $3.700 and from Bosco Company $4,200. Made sales to Aybar Company $3.180 and to Hefner Bros. $1,970. Received bill for advertising from Welton Advertisements $590. Sales were made to Fort Company $200 and to Duncan Company $3.110. Granted allowance to Fort Company for merchandise damaged in shipment $60. Purchased merchandise from Getz Company $2.980. Purchased equipment from Dayne Supply $770. Received freight bill from Shaw Shipping on Getz purchase of July 24. $490. Sales were made to Aybar Company $5.850. 18 21 22 24 26 28 30 uyer Accounts Receivable Date Explanation Ref. Debit Credit No. 112 Balance S1 G1 Inventory Date No. 120 Explanation Ref. Debit Credit Balance P1 G1 S1 Supplies Date No. 126 Explanation Ref. Debit Credit Balance P1 Equipment Date No. 157 Balance Explanation Ref. Debit Credit P1 Date Explanation Ref. Debit Credit No. 201 Balance P1 G1 Sales Revenue Date Explanation No. 401 Ref. Debit Credit Balance $1 Sales Returns and Allowances Date Explanation No. 412 Ref. Debit Credit Balance Cost of Goods Sold Date Explanation No. 505 Balance Ref. Debit Credit S1 No. 610 Advertising Expense Date Explanation Ref. Debit Credit Balance Accounts Receivable Subsidiary Ledger Hefner Bros. Date Explanation Ref. Debit Credit Balance S1 S1 Fort Company Date Explanation Ref. Debit Credit Balance S1 S1 G1 Aybar Company Date Explanation Ref. Debit Credit Balance S1 S1 Balance Credit Duncan Company Nate Fynlanation Ref Debit Accounts Payable Subsidiary Ledger Dayne Supply Date Explanation Ref. Debit Credit Balance P1 P1 Shaw Shipping Date Explanation Ref. Debit Credit Balance P1 P1 Eby Company Date Explanation Ref. Debit Credit Balance P1 P1 Getz Company 0.3271 Getz Company Date Explanation Ref. Debit Credit Balance P1 G1 P1 Welton Advertisements Date Explanation Ref. Debit Credit Balance P1 Bosco Company Date Explanation Ref. Debit Credit Balance P1 e Textbook and Media