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Purchased inventory on credit terms of 1/10, n/60 from Delwood Co., $23.600. The invoice was dated January 3. Sold inventory for cash, $3, 232 (cost,

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Purchased inventory on credit terms of 1/10, n/60 from Delwood Co., $23.600. The invoice was dated January 3. Sold inventory for cash, $3, 232 (cost, $2, 040). Issued cheque no. 473 to purchase furniture for cash, $14, 348. Collected interest revenue of $10, 760. Issued invoice no. 192 for sale on account to Vachon Inc., $25,000 (cost, $13, 200). Purchased inventory for cash, $3, 104, issuing cheque no. 474. Received $9, 212 cash from Wooten Design Ltd. in full settlement of its account receivable. Issued cheque no. 475 to pay Delwood Co. Net amount owed from January 3. Purchased supplies on account from Lehigh Corp., $5, 756. Terms were net end of month. The invoice date was January 13. Sold inventory on account to Franklin Ltd., issuing invoice no. 193 for $2.972 (cost, $1, 640). Issued credit memo to Franklin Ltd. for $2, 972 for merchandise sent in error and returned to Butala by Franklin. Also accounted for receipt of the inventory. Issued invoice no. 194 for credit sale to Wooten Design Ltd., $7, 300 (cost, $3, 880). Received $24, 500 from Vachon Inc. in full settlement of its account receivable from January 9. Purchased inventory on credit terms of net 30 from Jasper Sales Ltd., $5, 600. The invoice was dated January 19. Purchased furniture on credit terms of 1/10, n/60 from Delwood Co., $13, 100. The invoice was dated January 19. Purchased furniture on credit terms of 1/10, n/60 from Delwood Co., $13, 100. The invoice was dated January 22. Issued cheque no. 476 to pay for insurance coverage, debiting Prepaid Insurance for $5, 380. Sold an old computer to an employee for cash of $1344, which was the value of the computer. Issued cheque no. 477 to pay utilities, $4, 552. Purchased inventory on credit terms of 1/10, n/30 from Lehigh Corp., $1, 684. The invoice was dated January 28. Returned damaged inventory to Lehigh Corp., issuing a debit memo for $1, 684. Sold goods on account to Vachon Inc., issuing invoice no. 195 for $5, 268 (cost, $3, 256). Issued cheque no. 478 to pay Lehigh Corp. on account from January 13. Received cash in full on account from Wooten Design Ltd. for credit sale of January 18. There was no discount. Issued cheque no. 479 to pay monthly salaries of $17, 400. Use the following abbreviations to indicate the journal in which you would record each of the January transactions. Key each transaction by date. Also indicate whether the transaction would be recorded in the accounts receivable subsidiary ledger or the accounts payable subsidiary ledger

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