S The Williams Company sells a product called Mix-Right for $15 each and uses a perpetual inventory system to account for its merchandise. The beginning balance of Mix-Rights and transactions during October 2023 were as follows: Oct 1 Balance: 96 units costing $5 each. 3 Purchased 111 units from Arnold Brothers costing $7.50 each 4 Returned 31 of the units purchased on October 3. 9 Sold 86 units to Kitchen Club, invoice #210. 15 Purchased 211 units from Arnold Brothers costing $8.30 each. 18 Sold 172 units to Thorhild Co-op, invoice #211. 19 Paid for the October 3 purchase; cheque #101. 23 Paid for the October 15 purchase, cheque #102. 24 Sold 61 units to Boyle Grocery, invoice #212. 31 Purchased 86 units from Arnold Brothers costing $8.00 each. Required: Journalize the October transactions in the sales, purchases, and cash disbursements journals. Assume all sales and purchases are on credit; terms 2/10, n/30. Under the assumption that the company keeps its records on a weighted average basis, enter the beginning balances and post each transaction on an inventory subledger record. Posting to other subledgers is not required. (Enter the transactions in the order provided in the question. Round final answers to 2 decimal places. Negative answers should be indicated by a minus sign.) WILLIAMS COMPANY Sales Journal Date (2023) Account Debited Invoice Number A/R Dr. Sales Cr. COGS Dr. Merchandise Inventory Cr. Oct. 9 Kitchen Club 210 Oct 18 Thorhild Co-op 211 1,290.00 2,580 00 Oct 24 Boyle Grocery 212 915.00 es WILLIAMS COMPANY Purchases Journal Accounts Merchandise Office Other Date (2023) Account Credited Payable Credit Inventory Debit Supplies Debit Accounts Debit Oct. 3. Arnold Brothers 832.50 832.50 Oct 15 Arnold Brothers. 1,751.30 1,751.30 Oct 31 Arnold Brothers 688.00 688.00 WILLIAMS COMPANY Cash Disbursements Journal Other Date (2023) Ch. Cash Merchandise Accts. Payable Payee Account Debited No. Credit Inventory Cr Accts. Debit Debit Oct 19 101 Arnold Brothers AP-Amold Brothers 832.50 Oct. 23 102 Amold Brothers A/P-Amold Brothers 1,751.30 View transaction list View journal entry worksheet No Date General Journal Debit 1 October 04, 2023 Accounts payable-Arnold Brothers 232.50 Merchandise inventory Credit 232.50 Purchases (Returns & Allow & Discounts) Sales (at cost) Inventory Balance Date 2023 PR PR Average Unit Total Units Unit Units Total Total Total Cost/ Cost Cost Cost Cost Units Cost Unit Oct 1 96 $5.00 $ 480.00 96 $ 5.00 480.00 3 P1 111 $7.50 $ 832.50 207 $ 0.00 4 G1 (31) $7.50 $(232.50) 176 $ 0.00 9 $1 86 $ 0.00 90 $ 0.00 15 P1 211 $ 8.30 $ 301 $ 0.00 1,751.30 18 S1 172 $ 0.00 0 23 CD1 129 $ 0.00 24 S1 61 $ 0.00 68 $ 0.00 31 P1 86 $ 8.00 $ 688.00 154 S 0.00 Total $ 473 319 $ 0.00 154 3,519 30