Record these transactions in the sales and cash receipts journal and ignore any transactions that should not be posted to the sales and cash reciepts journal.

6 Tall Trees Company uses a perpetual inventory system and four special journals: Purchases, Sales, Cash Receipts, and Cash Disbursements. The following transactions were incurred during August: Aug. 1 Purchased merchandise from Pine Co. for $2,000, terms 2/10,n/30. Aug. 4 Sold merchandise on credit to Timber Co. for $2,800, terms 2/10, n/30, Invoice No. 245. Cost of merchandise was $1,500 Aug. 5 Sold merchandise on credit to Ash Corp. for $4,600, terms 2/10, n/30, Invoice No. 246. Cost of merchandise was $2,000. 9 Aug. 7 Paid salaries accrued on July 31, $1,100 to manager Lumber Jack, Cheque No. 756. 12 Aug. 9 Returned merchandise costing $1,200 to Pine Co. from Aug. 1 purchase. Aug. 11 Paid Pine Co. for the Aug. 1 purchase, Cheque No. 758 Aug. 11 Accepted merchandise returned by Timber Co. from Aug. 4 sale. Issued credit memorandum for $400. Aug. 16 Received payment from Timber Co. for Aug. 4 sale, less the return. Aug. 19 Received payment in full from Ash Corp. for the Aug. 5 sale. Aug. 28 Recorded cash sales for the month, $8,500. Cost of merchandise was $3,800. Aug. 29 Paid monthly phone bill $650, Cheque No. 762 Required: Record the above transactions in the Sales and Cash Receipts journals below. Ignore any transactions that should not be posted to these journals provided. Date Accounts Credited Lash Receipts Cash Dr. Accts. Rec. Ret Sales Cr. Cr. COGS Dr. Invent. Cr. Other Accts Cr. Galo Date Account Debited 00 m! W. Rec Dr. COGS Dr. or Inventory Cr