Instructions Chart of Accounts General Journal Instructions Bargain Wholesalers sells pet supplies to retailers including Pet World Supplies. Bargain Wholesalers uses a perpetual inventory. May 4 Bargain Wholesalers sells inventory to Pet World Supplies for $8,250 with terms 1/10, n/30. The cost of the merchandise is $5,755. 7 Bargain Wholesalers sells an additional $10,985 in inventory to Pet World Supplies with terms 1/10, n/30. The cost of the merchandise is $6,925. 13 Bargain Wholesalers receives a check from Pet World Supplies paying the balance due on both invoices. Required: Journalize the above transactions. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to two decimal places. Chart of Accounts CHART OF ACCOUNTS Previous Next> CHART OF ACCOUNTS Bargain Wholesalers General Ledger ASSETS 110 Cash 121 Accounts Receivable-Anderson Hardware 122 Accounts Receivable-Big Box Outlet 123 Accounts Receivable-Pet World Supplies 130 Merchandise Inventory 131 Estimated Returns Inventory 140 Supplies 142 Prepaid Insurance 180 Land 190 Equipment 191 Accumulated Depreciation LIABILITIES 211 Accounts Payable-AAA Suppliers 212 Accounts Payable-Fast Truck Transport 213 Accounts Payable-Turbo Tools REVENUE 410 Sales EXPENSES 510 Cost of Merchandise Sold 521 Delivery Expense 522 Advertising Expense 523 Depreciation Expense 526 Salaries Expense 531 Rent Expense 533 Insurance Expense 534 Supplies Expense 536 Credit Card Expense 560 Miscellaneous Expense 710 Interest Expense Previous Next>> 211 Accounts Payable-AAA Suppliers 212 Accounts Payable-Fast Truck Transport 213 Accounts Payable-Turbo Tools 710 Interest Expense 221 Salaries Payable 222 Sales Tax Payable 223 Customers Refunds Payable 231 Unearned Rent 241 Notes Payable EQUITY 310 Owner, Capital 311 Owner, Drawing General Journal Journalize the each traction Journalize the each transactions. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to two decimal places. PAGE 1 DATE 1 JOURNAL DESCRIPTION POST. REF DEBIT CREDIT May 4 Accounts Receivable-Pet World Supplies 8,250.00 2 Sales 8,250.00 3 Cost of Merchandise Sold 5,755.00 4 Merchandise Inventory 5,755.00 May 7 Accounts Receivable-Pet World Supplies 10,985.00 Sales 10,985.00 Cost of Merchandise Sold 6,925.00 Merchandise Inventory May 13 Cash 6,925.00 I 19.04265 Accounts Receivable-Pet World Supplies 19,235.00 Previous Next