• Please do the journal entries (including adjustments if needed) based on the below information.
• For some transactions, it is asked to book both borrower (purchaser) and creditor (seller) transactions.
• Please do the T account booking for every transaction,
• The company uses periodic (monthly) LIFO method, so product costs need to be calculated based on that.
• Please prepare the income statement only for Argaios Co. by the end of April, 2020

Feb 2^nd, Purchased merchandise inventory from its vendor Caeserea Incorporation, total amount: $20 000, total quantities: 200 and payment terms: n/45 (please also do the booking for Caeserea Incorporation at a separate journal voucher & T account)

Feb 6^th, Paid relevant months rent on a warehouse lease contract, $300.

Feb 28^th, Sold merchandise inventory to its customer Karatay Han Corporation, total revenue: $45 000, total quantities: 50 and payment terms: 50% cash, 50% 2/10, n/30. Do not forget to book cost transaction.

Mar 18^th, Paid $15 000 cash to the vendor Caeserea Incorporation and for the remainder balance $5 000 prepared a 30 day, 12% note on March 18^th. (please also do the booking for Caeserea Incorporation at a separate journal voucher & T account)

Mar 29^th, Received cash the remainder balance from its customer Karatay Han Corporation.

Apr 4^th, Purchased merchandise inventory from its vendor Caeserea Incorporation, total amount: $10 000, total quantities: 50 and payment terms: n/90

Apr 10^th, Sold merchandise inventory to its customer Karatay Han Corporation, total revenue: $100 000, total quantities: 120 and payment terms: 50% cash, 50% 1/5, n/30. Do not forget to book cost transaction.

Apr 17^th, Paid all for the note which was prepared for Caeserea Incorporation.