Problem 5- Enter the following transactions into the general joumal in proper form. July 5 Purchased 200 units for $1 each from Supplier Co. with terms of 2/10 n/60. July 7 Returned 20 units to Supplier Co. and received credit memo #65. July 14 Sold 100 units to Client Co. for $2 each with terms 2/10 n/30. Each unit cost $1. July 20 Paid Supplier Co. with check #555. July 21 Payment was received from Client Co. July 22 Purchased 300 units for $1 each from Vendor Co. with terms of 175 n/30. July 23 Returned 40 units to Vendor Co. and received credit memo #65. July 24 Sold 250 units to Buyer Co. for $2 each with terms 2/10 n/60. Each unit cost $0.97. July 25 Paid Vendor Company with check #556. July 30 Buyer Co. retumed 50 units to us & we issued a credit memo. July 31 Payment was received from Buyer Co. late Jan 2 cr Account tital Merchendise Inu Account Payable anch merchandise Inul cash Soooo Jan 3 80000 10oo Jan 4 4 AIP merchandise Inv. loooo Loooo Jan 12 70000 AIR cash merchandise Inv discount 67 aoo 2100 Janis 30ooo AIR Sales Cast of Good sold merchandise Inu 3oooo 2000 o 200oo 7500 Jan 16 allownses sales rethrhand AIR merchandise I nu CGS 87 hou Booo sooo 1oco an 20 Advertising etcense Cash an 25 cash sales discound ABR 22050 450 225oo