Purchase-related transactions Instructions Chart of Accounts Journal Instructions Journalse antus for the following method tanection of Lay Moratoga Ar Company Power to the Churt of Accounts for exact morting of account ons. Purchased 848400 of merchandian hom Bichel Co on account, toma 1710.30 Beide ourowed on the within the december C. Decored that 87.900 el murdunda parthused n A) was caractie und rotuned terms, recorving creat Purchased 6.000 merchandise from the con un terme L. Moonivad unutand from schel Co. for retum in Chats the purchase in o) Purchase-related transactions Instruction Chart of Accounts Journal Chart of Accounts CHART OF ACCOUNTS Lilly Heating & Air Company General Ledger REVENUE 410 Sales 610 Rent Revenue ASSETS 110 Cash 120 Accounts Receivable 125 Notes Receivable 130 Inventory 140 Office Supplies 141 Store Supplies 142 Prepaid Insurance 180 Land 192 Store Equipment 193 Accumulated Depreciation Store Equipment 194 Ofice Equipment 195 Accumulated Depreciation Office Equipment EXPENSES 501 Cost of Goods Sold 521 Delivery Expense 522 Advertising Expense 524 Depreciation Expense-Store Equipment 525 Depreciation Expense-Office Equipment 531 Rent Expense 533 Insurance Expense 534 Store Supplies Expense 535 Office Supplies Expense 536 Credit Card Expose 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 211 Accounts Payablo-Schell Co. 218 Sales Tax Payable 219 Customer Refunds Payable zzo Unarred Rent 221 Notes Payable EQUITY 310 Common Sud 311 Retained Earings 312 Dividends 313 Income Summary Purchase-related transactions Instructions Chart of Account Journal Journal Joumatreenews for the transaction of Lay ang & Ar Company. Fate to na Chart of Accounts for exact wording of account nos. For grading purposes use December 3 at the time for at transactions FAGET JOURNAL ACCOUNTING EQUATION DATT DESERTION POST. RIT DT TOUT 1 . 1