Journalize the following transactions

- Billy Bob purchased 80 bottles of shampoo/conditioner for $8/each. The bottles of shampoo/conditioner are to be held for resale. Billy uses the perpetual method. Billy uses the FIFO method to account for inventory.

- Blizzard Inc. hired the barber shop to provide haircuts to its employees for the next six months. Blizzard Inc. paid the barber shop $5,400. The barber shop in return must provide haircuts for Blizzard Inc. employees for the next 6 months at no cost.

- Billy Bob purchased 40 bottles of shampoo/conditioner for $8.50/each. The bottles

of shampoo/conditioner are to be held for resale.

- Purchased 40 bottles of shampoo/conditioner on account. The price was $9/each.

The bottles of shampoo/conditioner are to be held for resale.

Accounts:

Cash

Accounts receivable

Inventory

Supplies

Prepaid Rent

Prepaid Insurance

Furniture

Accumulated Depreciation -Furniture

Barber Chair #1

Accumulated Depreciation- Barber Chair 1

Barber Chair #2

Accumulated Depreciation- Barber Chair 2

Accounts Payable

Salaries Payable

Unearned Fees

Utilites Payable

Capital Stock

Retained Earnings

Dividends

Income Summary

Fees Earned

Gain (or Loss) on Sale

Sales

Cost of Merchandise Sold

Salaries Expense

Rent Expense

Supplies Expense

Depreciation Expense

Insurance Expense

Utilities Expense

Advertising Expense

Leagal Expense

Miscellaneous Expense