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Date Account Credited (Debited) Ref. Acoounts Payable Cr. Inventory Dr. July 1 Eby Company v 8.120 8,120 July 2 Shaw Shipping 400 400 July 5 Getz Company 3.280 3.280 July 13 Dayne Supply (Supplies) 126/ 720 July 15 V Bosco Company 4,200 4,200 July 15 Eby Company 3.700 3.700 July 18 V Welton Advertisements (Advertising Experse) 610/ 590 July 24v Getz Company 2980 2.980 July 26 v Dayne Supply Equipment) 157/ 770 July 28 July 16 Hefner Bros. 1,379 1.970 13.110 July 30 Aybar Company V 5.850 4095 17.600 121320 (112)(401) (505)(120) (Credit amunt titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Debit Credit Date Account Titles and Explanation 320 July 8 Accounts Payable 320 Inventory 60 July 22 Sales Returns and Allowances 60 Accounts Receivable Post to both the general and subsidiary ledger accounts. (Assume that all accounts have zero beginning balances.). (Post entries in the order of entries presented in the previous part.) General Ledger Accounts Receivable No. 112 Date Explanation Ref. Debit Credit Balance July 22 S1 G1 Inventory No. 120 Date Explanation Ref. Debit Credit Balance P1 G1 > S1 Supplies No. 126 Date Explanation Ref. Debit Credit Balance P1 Equipment No. 157 Show Attempt History Current Attempt in Progress The chart of accounts of Oriole Company 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 Accounts Payable In July, the following transactions were completed. All purchases and sales were on account. The cost of all merchandise sold was 70% of the sales price. July 1 Purchased merchandise from Eby Company $8,120. 2. Received freight bill from Shaw Shipping on Eby purchase $400. 3 Made sales to Fort Company $1.570 and to Hefner Bros. $1.720. 5 Purchased merchandise from Getz Company $3.280. 8 Received credit on merchandise returned to Getz Company $320. 13 Purchased store supplies from Dayne Supply $720. 15 Purchased merchandise from Eby Company $3.700 and from Bosco Company S4 200. 16 Made sales to Aybar Company $3.180 and to Hefner Bros S 1970. 18 Received bill for advertising from Welton Advertisements $5190 21 Sales were made to Fort Company $200 and to Duncan Company 53.110 Granted allowance to Fort Company for merchandise damaged in shipment $60. 22 Purchased merchandise from Getz Company $2.980. Purchased equipment from Dayne Supply S770 28 Received freight bill from Shaw Shipping on Getz purchase of uly 24, $40 30 Sales were made to Avber Company $5.850 (b) Post to both the general and subsidiary ledger accounts. (Assume that all accounts have zero beginning balances.). (Post entries in the order of entries presented in the previous part.) General Ledger Accounts Receivable No. 112 Date Explanation Ref. Debit Credit Balance July 22 S1 G1 Inventory No. 120 Date Explanation Ref. Debit Credit Balance P1 G1 Si Supplies No. 126 nato Eynlanation Raf Debit Credit Balance