Journalize transactions in multi-column purchases journal; post to the general and subsidiary ledgers. (SO 2, 3, 4) GLS Peachtree P7-3A The chart of accounts of Lopez Company includes the following selected accounts. 112 Accounts Receivable 120 Merchandise Inventory 126 Supplies 157 Equipment 201 Accounts Payable 401 Sales 412 Sales Returns and Allowances 505 Cost of Goods Sold 610 Advertising Expense In July the following selected transactions were completed. All purchases and sales were on ac- count. The cost of all merchandise sold was 70% of the sales price. July 1 Purchased merchandise from Fritz Company $8,000. 2 Received freight bill from Wayward Shipping on Fritz purchase $400. 3 Made sales to Pinick Company $1,300, and to Wayne Bros. $1,500. (a) Purchases journal- Accounts Payable $24,100 Sales column total $16,530 (c) Accounts Receivable $16,490 Accounts Payable $23,800 5 Purchased merchandise from Moon Company $3,200. 8 Received credit on merchandise returned to Moon Company $300. 13 Purchased store supplies from Cress Supply $720. 15 Purchased merchandise from Fritz Company $3,600 and from Anton Company $3,300. 16 Made sales to Sager Company $3,450 and to Wayne Bros. $1,570. 18 Received bill for advertising from Lynda Advertisements $600. 21 Sales were made to Pinick Company $310 and to Haddad Company $2,800. 22 Granted allowance to Pinick Company for merchandise damaged in shipment $40. 24 Purchased merchandise from Moon Company $3,000. 26 Purchased equipment from Cress Supply $900. 28 Received freight bill from Wayward Shipping on Moon purchase of July 24, $380. 30 Sales were made to Sager Company $5,600. Instructions (a) Journalize the transactions above in a purchases journal, a sales journal, and a general journal. The purchases journal should have the following column headings: Date, Account Credited (Debited), Ref., Accounts Payable Cr., Merchandise Inventory Dr., and Other Accounts Dr. (b) Post to both the general and subsidiary ledger accounts. (Assume that all accounts have zero beginning balances.) (c) Prove the agreement of the control and subsidiary accounts.