Sales-related transactions using perpetual inventory system

The following selected transactions were completed by Green Lawn Supplies Co., which sells irrigation supplies primarily to other businesses and occasionally to retail customers:

Date	Transaction
July 1.	Sold merchandise on account to Landscapes Co., $33,450, terms FOB shipping point, n/eom. The cost of the goods sold was $20,000.
2.	Sold merchandise for $86,000 plus 8% sales tax to retail cash customers. The cost of the goods sold was $51,600.
5.	Sold merchandise on account to Peacock Company, $17,500, terms FOB destination, n/30. The cost of the goods sold was $10,000.
8.	Sold merchandise for $112,000 to retail customers who used VISA cards. The cost of the goods sold was $67,200. The printed receipts for retail customers included a coupon for $3 off the customer's next purchase. It is estimated that 5,000 of the coupons will be redeemed.
14.	Sold merchandise on account to Loeb Co., $16,000, terms FOB shipping point, n/30. The cost of the goods sold was $9,000.
16.	Issued credit memo to Loeb Co. for merchandise with an invoice amount of $3,000 returned from the sale on July 14. The cost of the merchandise returned was $1,800.
18.	Sold merchandise on account to Jennings Company, $11,350, terms FOB shipping point, n/30. Paid $475 for freight and added it to the invoice. The cost of the goods sold was $6,800.
20.	Sold $130,000 of merchandise to retail customers who used VISA and who redeemed 3,500 of the $3 coupons issued on July 8. The cost of the goods sold was $80,000.
31.	Paid Black Lab Delivery Service $8,550 for merchandise delivered during July to customers under shipping terms of FOB destination.
31.	Received check for amount due from Landscapes Co. for sale of July 1.
31.	Paid a local newspaper $1,500 for advertising that included point-of-sale coupons for $10 off August purchases of $100 or more. It is estimated that 1,000 of the coupons will be redeemed.
Aug. 3.	Paid Hays Federal Bank $3,770 for service fees for handling MasterCard and VISA sales during July.
4.	Received check for amount due from Peacock Company for sale on July 5.
10.	Paid $41,260 to state sales tax division for taxes owed on sales.
13.	Received check for amount due from Loeb Co. for sale on July 14 less credit memo of July 16.
17.	Received check for amount due from Jennings Company for sale of July 18.
25.	Sold merchandise with a list price of $175,000 to customers using VISA. Customers redeemed 600 of the $10-off coupons distributed on March 31. The cost of the merchandise sold was $100,000.

Required:

Journalize the entries to record the transactions of Green Lawn Supplies Co. If an amount box does not require an entry, leave it blank.

Date Account Debit Credit July 1 Accounts Receivable-Landscapes Co. - V 33,450 V Sales 33,450 Date Account Debit Credit July 1 Cost of Goods Sold 20,000 Inventory 20,000 Date Account Debit Credit July 2 Cash 92,880 V Sales 86,000 Sales Tax Payable 6,880 Date Account Debit Credit July 2 Cost of Goods Sold 51,600 V Inventory 51,600 Date Account Debit Credit July 5 Accounts Receivable-Peacock Company 17,500 V Sales 17,500 Date Account Debit Credit July 5 Cost of Goods Sold 10,000 Inventory 10,000 Date Account Debit Credit July 8 Cash Sales Estimated Coupons Payable Date Account Debit Credit July 8 Cost of Goods Sold 67,200 V Inventory 67,200 Date Account Debit Credit July 14 Accounts Receivable-Loeb Co. V 16,000 V Sales 16,000 Date Account Debit CreditDate Account Debit Credit July 14 Cost of Goods Sold 9,000 Inventory - v 9,000 V Date Account Debit Credit July 16 Customer Refunds Payable Accounts Receivable-Loeb Co. Date Account Debit Credit July 16 Inventory 1,800 V Estimated Returns Inventory 1,800 Date Account Debit Credit July 18 Accounts Receivable-Jennings Company V 11,350 V Sales 11,350 Date Account Debit Credit July 18 Accounts Receivable-Jennings Company 475 V Cash 475 Date Account Debit Credit July 18 Cost of Goods Sold 6,800 Inventory 6,800 Date Account Debit Credit July 20 Cash V Estimated Coupons Payable Sales Date Account Debit Credit July 20 Cost of Goods Sold Inventory Date Account Debit Credit July 31 Delivery Expense 8,550 V Cash 8,550 Date Account Debit CreditDate Account Debit Credit July 31 Cash Accounts Receivable-Landscapes Co. Date Account Debit Credit July 31 Advertising Expense SV Cash Date Account Debit Credit Aug. 3 Credit Card Expense 3,770 Cash 3,770 Date Account Debit Credit Aug. 4 Cash V Accounts Receivable-Peacock Company Y Date Account Debit Credit Aug. 10 Sales Tax Payable 41,260 Cash 41,260 Date Account Debit Credit Aug. 13 Cash Accounts Receivable-Loeb Co. Y Date Account Debit Credit Aug. 17 Cash V Accounts Receivable-Jennings Company Date Account Debit Credit Aug. 25 Cash Sales Date Account Debit Credit Aug. 25 Cost of Goods Sold Inventory