Selected accounts from the chart of accounts of Crane Company are shown below. 101 Cash 401 Sales Revenue 112 Accounts Receivable 412 Sales Returns and Allowances 120 Inventory 414 Sales Discounts 126 Supplies 505 Cost of Goods Sold 157 Equipment 726 Salaries and Wages Expense 201 Accounts Payable The cost of all merchandise sold was 60% of the sales price. During January, Crane completed the following transactions. Jan. 3 Purchased merchandise on account from Gallagher Co. $9,000. 4 Purchased supplies for cash $80. 4 Sold merchandise on account to Wheeler $5,260, involce no. 371, terms 1/10, 1/30. 5 Returned $200 worth of damaged goods purchased on account from Gallagher Co, on January 3. 6 Made cash sales for the week totaling $3,060. B. Purchased merchandise on account from Phegley Co. 54,400. 9 Sold merchandise on account to Linton Corp. $6,200, invoice no. 372, terms 1/10, 1/30 11 Purchased merchandise on account from Cora Co $3,750. 13 Paid in full Gallagher Co. on accountless a 2% discount 13 Made cash sales for the week totaling 55,700. 15 Received payment from Linton Corp. for invoice no. 372 15 Paid semi-monthly salaries of 514,700 to employees 15 Pala in Tur Gallagher cu. On account Tess a 2% UTSCount. 13 Made cash sales for the week totaling $5,700. 15 Received payment from Linton Corp. for invoice no. 372. 15 Paid semi-monthly salaries of $14,700 to employees. 17 Received payment from Wheeler for invoice no. 371. 17 Sold merchandise on account to Delaney Co. $2,830, invoice no. 373, terms 1/10, n/30. 19 Purchased equipment on account from Dozier Corp. $5,380. 20 Cash sales for the week totaled $3,330. 20 Paid in full Phegley Co. on account less a 2% discount. 23 Purchased merchandise on account from Gallagher Co. $7,480. 24 Purchased merchandise on account from Atchison Corp. $5,160. 27 Made cash sales for the week totaling $4,440. 30 Received payment from Delaney Co. for invoice no. 373. 31 Paid semi-monthly salaries of $13,710 to employees. 31 Sold merchandise on account to Wheeler $9,320, invoice no. 374, terms 1/10, n/30. Mercer Company uses the following journals. 1. Sales journal. 2. Single-column purchases journal. 3. Cash receipts journal. 4. Cash payments journal. 5. General Journal Using the selected accounts provided: Sales Journal Accounts Receivable Dr. Sales Revenue Cr. SI Cost of Goods Sold Dr. Inventory Cr. Involce No. Ref. Date Account Debited