Please Explain how to record both August 3 if

• subsidiary account receivable- Fox company has balance 2,000
• able company has balance 5,000

Accounting 101 Fall Billy Bob Supply Company uses four special journals: purchases, sales, cash receipts, and cash disbursements, along with a general journal. The following transactions occurred in August: Purchased merchandise from Able Co. for $6,000, terms 2/10, n/30. P Aug. Received check from Fox Co. (full balance outstanding) for July sale (less the 2% discount). Cash receiv' Sent check No. 757 for $4,900 to Able Co. in full payment of outstanding balance from the prior month. cush di 4 Sold merchandise on credit to Coe Co. for $5,000, terms 2/10, n/30, Invoice No. 245. Cost of the goods sold is $2,500. sale Purchased merchandise from Baker Co. for $6,000, terms 1/15, n/30. P Purchased office supplies on credit from Echo Co. for $500, terms n/30. P Returned merchandise costing $300 to Able Co. from August 1 purchase. hencul led 11 Paid Able Co. for the August 1 purchase, (less discount) Check No. 758. cush d 13 Received cash payment from Coe Co. for August 4 sale (less discount). sal 15 Paid August rent of $1,000, Check No. 759. cush dis 15 Sold merchandise on credit to Fox Co. for $5,000, terms 2/10, n/30, Invoice No. 246. Cost of the goods sold is $2,600. Sal 18 Sold merchandise on credit to Coe Co. for $4,000, terms 2/10, n/30, Invoice No. 247. Cost of the goods sold is $2,200. 18 Received $2,400 cash for the $2,000 note receivable from Fox Corp. (included $400 Interest). 19 Sold merchandise on credit to Thomas Co .for $6,000, terms 2/10, n/30, Invoice No. 248. Cost of the goods sold was $3,400. 20 Made cash payment in full to Baker Co. for the August 5 purchase, Check No 760. 20 Sold merchandise on credit to Fox Co. for $4,000, terms 2/10, n/30, Invoice No. 249. Cost of the goods sold was $2,400. 22 Sold merchandise on credit to Thomas Co. for $4,000, terms 2/10, n/30, Invoice No. 250. Cost of the goods sold is $2,200. 25 28 Received full payment less discount from Fox Co. for Aug. 15 sale. 29 Recorded cash sales for the month $7,500. The cost of the goods sold was $3,000. Paid Telephone Bill for August of $400, Check No. 761. 30 Paid Salaries of $500 each to 3 employees Checks 762, 763, 764. Issued Check # 765 for $5,300 ($5,000 note payable and $300 interest expense) Record the above transactions in the appropriate special journals below. Post to ledgers and prepare the trial balances. Date GENERAL JOURNAL Account Title PR Debit Credit