P5-45A (similar to) Question Help At the beginning of February, Joker Distribution Company, Inc., started with a contribution of $10,500 cash in exchange for common stock from its shareholders. The company engaged in the following transactions during the month of February: i (Click the icon to view the transactions.) Requirements 1. Enter cach transaction into the accounting xuation assurning Joker Distribution Company us a xurpetual inventory systern. Start with the opening balances in cash and common stock described at the beginning of the problem. Then, unter cach transaction in the order they occurred. Some of the account names will be abbreviated. (Use parentheses or a minus sign when entering component decreases. Use only the necessary input lines.) Assets Llabilities + Shareholders' Equity Contributed Capital + Retained Eamings Account $ Account Date Account $ Account i More Info February 2 Purchased merchandise on account from Insinuate Supply Co. for S7, 100, terms 3/10, 1/45 February 5 Sold merchandise on account to Avenue Company for $6,500, terms 9/10, n/30 and FOB destination. The cost of the merchandise sold was $4,900. February 6 Paid $200 freight on the sale to Avenue Company February 8 Received credit from Insinuate Supply Co. for merchandise returned for $1,000 February 10 Paid Insinuale Supply Co. in full February 12 Received payment from Avenue Company for sale made on February 5 February 14 Purchased merchandise for cash for $5,100 February 16 Received refund from supplier for returned merchandise on February 14 cash purchase of $450 February 17 Purchased merchandise on account from Forward Distributors for $3,900, terms 9/10, 1/30 February 18 Paid $210 freight on February 17 purchase February 21 Sold merchandise for cash for $10,150. The cost of the merchandise sold was $8,000. February 24 Purchased merchandise for cash for S2,600 February 25 Paid Forward Distributors for purchase on February 17 February 27 Gave refund of $270 to customer from February 21. The cost of the returned merchandise was $110. February 28 Sold merchandise of $3,600 on account with the terms 3/10, n/30. The merchandise cost $1,600. Print Done