Journal Entries Chart of Accounts General Journal T-Accounts 7 10 15 Made sales of $2.000 on credit the cost of the inventory sold was $1.200. Purchased $1,000 inventory for cash Purchased new office equipment costing $4.000, paying $1.500, and signing a day note for the balance Received check for June 7 credit sal Made cash sales of 54.200; the cost of the inventory sold was $2,300 Purchased $2,600 of Inventory on credit Returned $200 of detective nventory from the June 20 purchase for a credit to its account Paid to the June 20 purchase in the return Paid the June 210 2.000 16 17 20 24 29 30 4.700 Accounts Receivable 23.05214 Required: 1. Record the preceding transactions in a general Journal 2. Post to general ledger Taccounts Inventory