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July 2022 CRJ 2 Dragon Ventures invested $8000 in the business. SJ SJ CR 3 Purchased $ 2000 merchandise from Vex Co, their invoice No
July 2022 CRJ 2 Dragon Ventures invested $8000 in the business. SJ SJ CR 3 Purchased $ 2000 merchandise from Vex Co, their invoice No 756|| 4 Sold merchandise on account to Lewis Inc invoice No. 1- $300. Cost of merchandise was $225 5 Sold merchandise on account to Blaine Co invoice No 2- $ 600. Cost of merchandise was $ 225 6 Cash sale- $ 400. Cost of merchandise was $ 300 8 Issued credit memo No. 1 Lewis for defective merchandise - $ 100. No inventory was returned 9 Purchased $ 1150 merchandise from Axe Bros, their invoice No. 2014 10 Returned $400 defective merchandise to Vex Co. No inventory was returned GJ CRJ 11 Received cheque from Lewis Inc for invoice No 1 less returns and discount CRJ 12 Paid amount owing to Axe Bro cheque 101 16 Cash sale- $ 500 Cost of merchandise was $ 375 19 Sold merchandise on account to Lewis Inc - $ 550 invoice No 3. Cost of merchandise was $ 412.50 SJ 22 Purchased $ 1800 merchandise from Axe Bro their invoice 2092 24 Purchased $ 1700 store display equipment from Adele Co their invoice No 1762 26 Paid amount due $ to Adele Co cheque 102 29 Wrote cheque 103 for $ 250 to Lucky News for ad 31 Cheque 104 to Bern Supplies for cash purchase, Invoice No 2178-- $ 640 Journalize, record, and post the following transactions as needed to the: sales, purchases, o cash receipts, o cash payments, and o general journals. All terms are 2/10, n/30 on both sales and purchases. o Prepare a schedule of accounts receivable and accounts payable
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