Record the following transactions in the appropriate journals. Remember: Bright Spot CREDIT SALE TERMS are 2/10, 1/30. DAILY TRANSACTIONS IN DATE ORDER Aug. 1 Rec'd supplier invoice from Aladdin Ltd for inventory. $8,500, terms 2/14, n30, freight CASH RECEIPTS JOURNAL $150 COD. Issued cheque #451 to Fast Freight Ltd. for freight charges DEBITS CREDITS Rec'd supplier invoice from The Rubber Barons for office supplies, $45, terms n30. Date Account Bank Disc. Allow Sales A/Rec's Sales for the day were: Cash Sales $1200 Light Fantasy $3,500 P.Hogan $650 Rec'd cheque from customer A. McConnell. Invoice issued on July 23 for $255 Aug. 2 Rec'd supplier invoice from Baker Supplies for inventory, $750, terms n/30. Issued cheque #452 for $50 freight charges to Star Express Rec'd cheques from customers W. Harrigan Invoice issued on July 25 for $375 and B. Yang Invoice issued on July 16 for $350 Paid suppliers. Beacon Ltd (terms 2/5,n30) with Cho# 453 on invoice dated July 28 for $2,000. Also paid Cable Kings (terms 2/10,n30) with Cha#454 on invoice Progress totals dated July 27 for $3,500 Aug 3 Sales for the day were: CASH PAYMENTS JOURNAL Cash Sales $2330 DEBITS CREDITS 1 Roberts $700 Date Account Cheque # Other Acc's A/Payable Bank P Tsu $3.000 incl. $30 delivery charge Aug. 4 Paid suppliers. Aladdin Ltd (terms 2/14, n30) with Cha# 455 on invoice dated July 21 for $4,500. Also paid Phullops Lamps (terms 2/10,n30) with Cho#456 on invoice dated July 26 for $3,000 Aug. 5 Rec'd cheque from customer Roberts. Invoice issued on July 27 for $175 Sales for the day were: Cash Sales $2.450 N Smith $4.500 incl. $45 delivery charge Disc. Rec'd Progress totals PURCHASE JOURNAL Account name Terms Purchases Inv Date A/Payable Progress totals Inv Date Account name SALES JOURNAL Sales Deliv. Exp A/Receivable Progress totals