Knuckle started his own trading company on January 1, 2022. Knuckle company applies perpetual inventory system and FIFO costing method. Following information relates to Knuckle company in October, 2022: Beginning balance of account inventory: $1,010 (100 units of merchandise) Beginning balance of account Equipment - cost: $20,000 (1) Oct 1: purchased an equipment on credit at a total cost of $10,000. (2) Oot 2: purchased 500 units of merchandise from Lazy Company for $5,000, terms 2/10, net/30. (3) Oct 2: received a $3,000 three-year loan from the bank, with the annual interest of 12% (4) Oct 6: returned 50 units of damaged merchandise to Lazy Company and was granted credit for returned merchandise (5) Oct 15: paid the amount due to Lazy Company in full. (6) Oct 16: sold 400 units of merchandised goods for $8,000 to Sewe company, terms 2/10, n/30 (7) Oct 18: paid the balance related to transaction of Oot 1 (8) Oct 20: recelved the balance due from Sewe company (9) Oct 22: purchased 500 units of merchandise from Hardy Company for $4,900, terms 2/10, neV30 (10) Oet 25: sold 300 units of merchandised goods to Banka company for $5.700 cash (11) Oot 26: Banka company retums 20 units of merchandised goods due to inferior quality, thus, Knuckle company refunded cash to Banka company's bank account (12) Oet 27: paid $2,000 cash for employees' salary (13) Oct 30: paid $700 office rent for Oet, 2022 (14) Oct 31: prepared adjusting entries for monthly depreciation expense and interest expense. All equipment in Knuckle company is depreciated on the straight-line basis over 5 years. Required: Joumalize the transactions (explanations could be omitted). Knuckle company