Instructions The following selected transactions were completed during August between Summit Company and Beartooth Co.: 1 Summit Company sold merchandise on account to Beartooth Co., $52,150, terms Aug. FOB destination, 2/15, nleom. The cost of the goods sald was $25,940. 2 Summit Company paid freight of $1,235 for delivery of merchandise sold to Beartooth Co. on August 1. 5 Summit Company sold merchandise on account to Beartooth Co., $60,090, terms FOB shipping.point, n/eom. The cost of the goods sold was $36,900. 9 Beartooth Co. paid freight of $2,140 on August 5 purchase from Summit Company. 15 Summit Company sold merchandise on account to Beartooth Co., $62,600, terms FOB shipping point, 1/10, n/30. Summit Company paid freight of $1,515, which was added to the EOB shipping point, n/eom. The cost of the goods sold was $36,900. 9 Beartooth Co. paid freight of $2,140 on August 5 purchase from Summit Company 15 Summit Company sold merchandise on account to Beartooth Co., $82,600, terms FOB shipping point, 1/10, n/30. Summit Company paid freight of $1,515, which was added to the invoice. The cost of the goods sold was $32,600. 16 Beartooth Co. paid Summit Company for purchase of August 1. 25 Beartooth Co. paid Summit Company on account for purchase of August 15. 31 Beartooth Co. paid Summit Company on account for purchase of August 5 ournalize the August transactions for (1) Summit Company and (2) Beartooth Co. Refer to the Chart of ccounts of the appropriate company for exact wording of account titles