Instruction

Joumalize the following entries on the books of Winston Co$.$ for August $1,$ September $1,$ and November $30.($Assume a $360-$day year is used for interest computations.$)$ Refer to the Chart of Accounts for exact wording of account titles.

Transactions:

Aug.

Purchased merchandise for $$75,000$ on account from Bagley Co$.,$ terms $\frac{n}{30}.$

Sept.

Issued a $90-$day, $6\%$ note for $$75,000$ on account.

Nov. $30.$ Paid the amount due.

Journalize the entries on the books of Winston Co$.$ for August $1,$ September $1,$ and November $30.($Assume a $360-$day year is used for interest computattons.$)$ Refer to the Chart of Accounts for exact wording of account titfes.

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