Instruction Journalize the following entries on the books of Winston Co. for August 1, September 1,...

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Instruction Journalize 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 calculations.) Refer to the Chart of Accounts for exact wording of account titles. Aug. 1 Winston Co. purchased merchandise for $75,000 on account from Bagley Co., terms n/30. Sep. 1 Winston Co. issued a 90-day, 6% note for $75,000 on account. Nov. 30 Winston Co. paid the amount due.. Instruction Journalize 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 calculations.) Refer to the Chart of Accounts for exact wording of account titles. Aug. 1 Winston Co. purchased merchandise for $75,000 on account from Bagley Co., terms n/30. Sep. 1 Winston Co. issued a 90-day, 6% note for $75,000 on account. Nov. 30 Winston Co. paid the amount due..