Record journal entries for the following transactions for ABC Inc. during September 2008 (no need to provide dates and explanations):

1. Sales on account during September were $40,000.

2. $34,000 was collected from customers on account during September.

3. Cash sales were $50,000 during September.

4. $40,000 of merchandise was purchased on account during September.

5. The cost of merchandise sold during September was $60,000.

6. $38,000 was paid to supplies on account during September.

7. $4,000 was paid during September for the month