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Journalize entries for the following related transactions of Greenville Heating & Air Company. Refer to the chart of accounts for the exact wording of the

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Journalize entries for the following related transactions of Greenville Heating \& Air Company. Refer to the chart of accounts for the exact wording of the account titles. CNOWfournals do not use lines for joumal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Mar. 1 Purchased $51,300 of merchandise from Foster Co. on account, terms 2/10, n/30. Paid the amount owed on the invoice within the discount period. 11 Discovered that $7,300 of the merchandise purchased on Mar. 1 was defective and returned items. recoiving credit. Purchased $6,200 of merchandise from Foster Co. on account, terms n/30. 20 Received a relund from Foster Co. for retum on Mar, 11 less the purchase on Mar. 18. Chart of Accounts ASSETS REVENUE 110 Cash 410 Sales 120 Accounts Receivable 610 Rent Revenue 125 Notes Receivable 130 Merchandise Inventory EXPENSES 140 Office Supplies 501 Cost of Merchandise Sold 141 Store Supplies 521 Delivery Expense 142 Prepaid Insurance 522 Advertising Expense 180 Land 524 Depreciation Expense-Store Equipment 192 Store Equipment 525 Depreciation Expense-Office Equipment 193 Accumulated Depreciation-Store Equipment 531 Rent Expense 194 Office Equipment 533 Insurance Expense 195 Accumulated Depreciation-Office Equipment 534 Store Supplies Expense 535 Office Supplies Expense LIABILITIES 536 Credit Card Expense 211 Accounts Payable-Foster Co. 539 Miscellaneous Expense 218 Sales Tax Payable 710 Interest Expense 219 Customer Refunds Payable 220 Unearned Rent Chart of Accounts 218 Sales Tax Payable 710 Interest Expense 219 Customer Refunds Payable 220 Unearned Rent 221 Notes Payable EQUITY 310 Owner, Capital 311 Owner, Drawing PAGE 10

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