(Sale of merchandise on account) 2 Cost of Goods Sold 3,000 Imventory 3,000 (Cost of goods sold recorded) 5 Accounts Payable 300 Imventory 300 9 Cash Sales Discounts \begin{tabular}{|} 4462 \\ \hline 138 \\ \hline \end{tabular} Accounts Receivable 10 Accounts Payable 7,900 Imventory Cash \begin{tabular}{r|} \hline 158 \\ \hline 7,742 \\ \hline \end{tabular} 11 Supplies 890 \begin{tabular}{|l|l|} \hline Cash & \\ \hline Inventory & 2,940 \\ \hline \end{tabular} 890 12 Imventory Cash 15 Cash 250 Imventory 17 Imventory 2,600 Accounts Payable 19 Imventory 280 cash 24 Cash 5,150 Sales (Sale of merchandise) 24 Cost of Goods Sold (b) Post the transactions to T accounts. (Post entries in the order of journal entries presented in the question.) Accounts Receivable Inventory Supplies Accounts Payable Common Shares Sales Accounts Payable Common Shares Sales Sales Returns and Allowances Sales Discounts Cost of Goods Sold