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mempermalm all proteger rul non P7.3 (LO 2,3) The chart of accounts of LR Scooters includes the following selected accounts. 112 Accounts Receivable 401 Sales

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mempermalm all proteger rul non P7.3 (LO 2,3) The chart of accounts of LR Scooters includes the following selected accounts. 112 Accounts Receivable 401 Sales Revenue 120 Inventory 412 Sales Returns and Allowances 126 Supplies 505 Cost of Goods Sold 157 Equipment 610 Advertising Expense 201 Accounts Payable To July. the following transactions were completed amounts in thousands). All purchases and sales were on account. The cost of all merchandise sold was 70% of the sales price. July Purchased merchandise from Oong Company NT$8,000. 2 Received freight bill from Lau Shipping on Oong purchase NT$400. Made sales to Chol Company NTS1,300 and to Huang Bros. NT$1.500 5 Purchased merchandise from Goo Company NT$3,200. 3 Received credit on merchandise returned to Goo Company NT8300 13 Purcused store supplies from Nee Supply NTS720. 15 Purchased merchandise from Oong Company NT$3,600 and from Soxng Company NT$4.300 16 Made sales to Ang Company NT$3,450 and to Huang Bros. NTS1.870. 18 Received bill for advertising from Viun Advertisements NT5600 21 Sales were made to Chol Company $310 and to Zafn Company NTS2,800. 22 Granited allowance to Chol Company for merchandise damaged in shipment NT540 24 Purchased merchandise from Goo Compuny NT$3.000 26 Purchased equipment from Ngs Supply NTS900 38 Received freight bill from Lou Shipping on Goo purchase of July 24, NTS 1802 30 Sales were made to Aang Company NT55,600 Instructions Purchases journal- Accounts Payable NT$25.100 Sales journal-Sales Revenue NTS16,830 Accounts Receivable NT$16,790 Accounts Payable TS24,800 . 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 Ral Accounts Payable Cr, laventory Dr, and Other Accounts De 1. Post to both the general and subsidiary ledger accounts, (Assume that all accounts have nero begin ning balance c. Prove the agreement of the control and subsidiary accounts

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