Recording Purchases and Cash Payments Transactions : (Application & Reasoning) Directions: Grandma's Cupboard is a merchandising business that specializes in fine collectibles. The following purchases and cash payments transactions took place during June. Record these transactions on page 12 joumal. Transactions: June Issued Check 223 to Best Realty for the June rent, S700.00 2 Bought $325.00 worth of office supplies on account from Home Office Co., Invoice 307, terms n/30. 7 Mailed Check 224 to Keystone Communications for the monthly telephone service (Utilities Expense), $150.00. 8 Issued Check 225 for $2,400.00 to Davis Porcelains for merchandise purchased on account in May: Invoice 178 for $2,500.00 less a $100.00 discount 8 Purchased merchandise on account from Crater Curios Co., $2,000.00, Invoice 145. terms 2/15, n 30. 12 Bought on account new lighting fixtures for the store (Store Equipment) from Star Manufacturing Inc., $3,010.00, Invoice 124, terms n/45 14 Issued Check 226 to Metro Transport for shipping charges on merchandise purchased from Crater Curios, $250.00 19 Paid $499.00 cash to Bennett Corp. for merchandise. Check 227. 21 Mailed Check 228 for $1,960.00 to Crater Curios Co. in payment of Invoice 145 for $2,000.00 less a discount of $40.00. 23 Purchased a new desk for the office on account from Murphy Corp., 5900,00, Invoice 3334, terms n/30. 30 Received Invoice 876 for merchandise bought on account from Carrier Wholesale Inc., S1,250.00. Recording Purchases and Cash Payments Transactions : (Application & Reasoning) Directions: Grandma's Cupboard is a merchandising business that specializes in fine collectibles. The following purchases and cash payments transactions took place during June. Record these transactions on page 12 joumal. Transactions: June Issued Check 223 to Best Realty for the June rent, S700.00 2 Bought $325.00 worth of office supplies on account from Home Office Co., Invoice 307, terms n/30. 7 Mailed Check 224 to Keystone Communications for the monthly telephone service (Utilities Expense), $150.00. 8 Issued Check 225 for $2,400.00 to Davis Porcelains for merchandise purchased on account in May: Invoice 178 for $2,500.00 less a $100.00 discount 8 Purchased merchandise on account from Crater Curios Co., $2,000.00, Invoice 145. terms 2/15, n 30. 12 Bought on account new lighting fixtures for the store (Store Equipment) from Star Manufacturing Inc., $3,010.00, Invoice 124, terms n/45 14 Issued Check 226 to Metro Transport for shipping charges on merchandise purchased from Crater Curios, $250.00 19 Paid $499.00 cash to Bennett Corp. for merchandise. Check 227. 21 Mailed Check 228 for $1,960.00 to Crater Curios Co. in payment of Invoice 145 for $2,000.00 less a discount of $40.00. 23 Purchased a new desk for the office on account from Murphy Corp., 5900,00, Invoice 3334, terms n/30. 30 Received Invoice 876 for merchandise bought on account from Carrier Wholesale Inc., S1,250.00