Problem 2: (20 Marks) Elk Lake Adventure Co. uses special journals to record its transactions and a perpetual inventory system. Shown below are the purchasing and cash disbursement transactions for May May-01 May-02 May-04 May-06 May-09 May-10 May-21 May-10 Paid Crestwood Co. for May 2 purchase, Cheque No. 136. May-14 Paid Turner Company for the merchandise purchased on May 4, net of the 2% disco using cheque #137. Paid monthly telephone bill $550, Cheque No. 138. Sold merchandise to Fisher Co. for $12,500 cash. Cost of merchandise was $9,100 Recorded depreciation on buildings of $4,000. May-23 Purchased merchandise for cash from Glenora Co. $3,000. Cheque No. 133. Purchased equipment from Crestwood Co. on credit, $10,000, terms net 60. Invoice dates May 1. May-31 Purchased merchandise from Turner Co. for $15,000; terms 2/10, n/30 Paid River City, Inc., $4,900, which is net of a 2% discount. The original invoice amour was $5,000. Cheque No. 134. Purchased merchandise from Laurier Inc. on credit, terms 1/15, n/30, $10,500. Invoice dated May 8. Paid salaries accrued on Nov. 30; $5,600 to manager Ms. Krenz, Cheque No. 135. Record the above transactions in the appropriate special journals provided. Please ignore any entries that are not recorded in the purchases or cash disbursements journals.

any entries that are not recorded in me pur man