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Instructions Journakronies for the following related transactions of Lay nating & Air Company using the net mained under a perpetuw/Inventory system. Refer to the Chart

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Instructions Journakronies for the following related transactions of Lay nating & Air Company using the net mained under a perpetuw/Inventory system. Refer to the Chart of Accounts for exact wording of account A Purchased $48,400 of merchandise from Schel Co. on account, terme 1/10, 30. B Paid the amount owed on the invece c. Dacorad that marchandise with an Irwalce amount of 57.800 purchased in () was detective and retumed tema, recolving credit D. Purchased M,000 of merchandise from Schell Co. on account, terma 30 E. Received a refund from Shell Co. for return in (C) less the purchase in (D) nstructions JO Chart of Accounts 110 Cash 120 Accounts Receivable 125 Notes Recevable 410 Sales 610 Rant Revenue counts EXPENSES 130 Inventory 140 Ofice Supplies 141 Store Supplies 142 Prepaid Insurance 180 Land 192 Store Equipment 193 Accumulated Depreciation-Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment 501 Cost of Goods Sold 521 Delivery Expense 522 Advertising Expense 524 Depreciation Expense-Store Equipment 525 Depreciation Expense-Office Equipment 531 Rent Expense 533 Insurance Expense 534 Store Supplies Expense 535 Office Supplies Expense Instructions Chart of Accounts VAHU JO counts for 535 Office Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 211 Accounts Payable-Schell Co. 218 Sales Tax Payable 219 Customer Refunds Payable 220 Uneared Rent 221 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends

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