Instructions: Complete and upload All Pages Accounting Equation and Debit/Credit Rules Complete the Accounting Equation below by placing the following account types in the proper order to complete the accounting equation: Assets, Common Stock, Dividends, Expenses, Liabilities and Revenues. Indicate the increase side of the account with " +" and the decrease side with a "-". Purchases I recently went to Kohl's to purchase a new winter coat for my daughter. The coat I picked out was $100. Luckily, I had a 30% off coupon. How much did I pay (ignore sales tax)? When I got home, my daughter informed me that the coat was hideous, and she would be embarrassed to be seen in it. I went back to Kohl's and returned the coat. How much money did they give back to me (again, ignore sales tax)? Purchases - part 2 I recently went to Kohl's to purchase new Vans for my daughter. I bought her two pairs since they were on sale for $50 each. Luckily, I also had a 30% off coupon. How much did I pay (ignore sales tax)? When I got home, my daughter informed me that I purchased the wrong color, so I returned one pair of shoes. How much did I get back (ignore sales tax)? Journal Entries The following selected transactions were completed during August between Seller Company and Buyer Co.: Aug 5: Seller Company sold merchandise on account to Buyer Co., S66,000, terms FOB shipping point, 2/15 n/com. The cost of the Goods sold was $40,000 Aug. 9: Buyer Co. paid freight of $2,300 on August 5 purchase from Seller Company. Aug. 15: Seller Company sold merchandise on account to Buyer Co., $58,700, terms FOB shipping point, 1/10, n/30. Seller Company paid freight of $1,675, which was added to the invoice. The cost of the goods sold was $35,000. Aug. 20: Buyer Co. paid Seller Company for purchase of August 5. Aug. 25: Buyer Co. paid Seller Company for purchase of August 15 Journalize the August transactions for (1) Seller Company and (2) Buyer Co on the following page. Show your calculations. Seller Company Description Buyer Company Description Date Debit Credit Date Debit Credit Aug 5 -A 1 2 3 4 5 6 7 8 D Aug 9 15 10 Aug 11 12 13 14 IS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 IS 16 17 18 19 20 1 Augs 2 3 4 5 6 7 Aug 9 8 9 10 Aug 15 11 12 13 14 15 16 Aug 20 17 18 19 Aug 25 20 1 2 3 4 5 6 7 8 9 10 11 12 13 14 IS 16 17 18 19 20 ---- ON 16 Aug 20 ON 17 18 19 Aug 20 25 al August 5 calculations August 15 calculations