> Journalize entries for the following related transactions of Lily Heating & Air Company using the net method under a perpetua inventory system. Peter to the Chart of Accounts for exact wording of accountitles A Purchased $54,200 of merchandise from Schell Co. on account, terms 1/10,n30. B. Paid the amount owed on the invoice C. Discovered that merchandise with an invoice amount of 7,000 purchased in (awas detective and returned items, receiving credit D. Purchased $6,000 of merchandise from Scholl Co on account, terma 30 E Received a refund from Scholl Co, for return in (C) loss the purchase in (D) ASSETS 110 Cash 120 Accounts Receivable 125 Notes Receivable 130 Inventory 140 Office 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 REVENUE 410 Sales 610 Rent Revenue EXPENSES 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 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 Unearned Rent 221 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends Journaltze entries for the transactions of Lily Heating & Air Company Refer to the Chart of Accounts for exact wording of accounties. For grading purposes se December 31 as the date for all transactions