Presented below are selected accounts from the chart of accounts of Blossom Company. The cost of all merchandise sold was 60% of the sales price. During January, Blossom completed the following transactions. Jan. Purchased merchandise on account from Gallagher Co. \$9,000. 3 4 Purchased supplies for cash $60. 4 Sold merchandise on account to Wheeler $5,000, invoice no. 371, terms 1/10,n/30. 5 Returned \$200 worth of damaged goods purchased on account from Gallagher Co. on January 3. 6 Made cash sales for the week totaling $3,000. 8 Purchased merchandise on account from Phegley Co. \$4,000. 9 Sold merchandise on account to Linton Corp. $5,000, invoice no. 372, terms 1/10, n/30. 11 Purchased merchandise on account from Cora Co. \$3,500. 13 Paid in full Gallagher Co. on account less a 2% discount. 13 Made cash sales for the week totaling $5,000. 15 Received payment from Linton Corp. for invoice no. 372. 15 Paid semi-monthly salaries of \$13,000 to employees. 17 Received payment from Wheeler for invoice no. 371. 17 Received payment from Wheeler for invoice no. 371. 17 Sold merchandise on account to Delaney Co. \$1,000, invoice no. 373, terms 1/10,n/30. 19 Purchased equipment on account from Dozier Corp. $5,000. 20 Cash sales for the week totaled $2,500. 20 Paid in full Phegley Co. on account less a 2% discount. 23 Purchased merchandise on account from Gallagher Co. \$7,000. 24 Purchased merchandise on account from Atchison Corp. \$4,500. 27 Made cash sales for the week totaling $4,000. 30 Received payment from Delaney Co. for invoice no. 373. 31 Paid semi-monthly salaries of $12,000 to employees. 31 Sold merchandise on account to Wheeler $9,000, invoice no. 374 , terms 1/10,n/30. Mercer Company uses the following journals. 1. Sales journal. 2. Single-column purchases journal. 3. Cash receipts journal. 4. Cash payments journal. 5. General journal. Record and post the January transactions in the appropriate journal noted. Foot and cross-foot all special journals. (Record entries in the order displayed in the problem statement.) Purchases Journal P1 DateAccountCreditedRef.AccountsPayableCr.AInventoryDr. (120)(201) Date Account Titles and Explanation x (101) (414) 726 (X) (201) Presented below are selected accounts from the chart of accounts of Blossom Company. The cost of all merchandise sold was 60% of the sales price. During January, Blossom completed the following transactions. Jan. Purchased merchandise on account from Gallagher Co. \$9,000. 3 4 Purchased supplies for cash $60. 4 Sold merchandise on account to Wheeler $5,000, invoice no. 371, terms 1/10,n/30. 5 Returned \$200 worth of damaged goods purchased on account from Gallagher Co. on January 3. 6 Made cash sales for the week totaling $3,000. 8 Purchased merchandise on account from Phegley Co. \$4,000. 9 Sold merchandise on account to Linton Corp. $5,000, invoice no. 372, terms 1/10, n/30. 11 Purchased merchandise on account from Cora Co. \$3,500. 13 Paid in full Gallagher Co. on account less a 2% discount. 13 Made cash sales for the week totaling $5,000. 15 Received payment from Linton Corp. for invoice no. 372. 15 Paid semi-monthly salaries of \$13,000 to employees. 17 Received payment from Wheeler for invoice no. 371. 17 Received payment from Wheeler for invoice no. 371. 17 Sold merchandise on account to Delaney Co. \$1,000, invoice no. 373, terms 1/10,n/30. 19 Purchased equipment on account from Dozier Corp. $5,000. 20 Cash sales for the week totaled $2,500. 20 Paid in full Phegley Co. on account less a 2% discount. 23 Purchased merchandise on account from Gallagher Co. \$7,000. 24 Purchased merchandise on account from Atchison Corp. \$4,500. 27 Made cash sales for the week totaling $4,000. 30 Received payment from Delaney Co. for invoice no. 373. 31 Paid semi-monthly salaries of $12,000 to employees. 31 Sold merchandise on account to Wheeler $9,000, invoice no. 374 , terms 1/10,n/30. Mercer Company uses the following journals. 1. Sales journal. 2. Single-column purchases journal. 3. Cash receipts journal. 4. Cash payments journal. 5. General journal. Record and post the January transactions in the appropriate journal noted. Foot and cross-foot all special journals. (Record entries in the order displayed in the problem statement.) Purchases Journal P1 DateAccountCreditedRef.AccountsPayableCr.AInventoryDr. (120)(201) Date Account Titles and Explanation x (101) (414) 726 (X) (201)