Smith Auto uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. July 3 The company purchased $4, 200 of merchandise on credit from Advanced Parts, terms n/60. July 6 The company sold $1, 150 of merchandise for cash (cost is $1,000) to O'Reily. July 7 The owner, A. Smith, contributed equipment worth $7, 200 to the company. July 9 The company sold $1, 300 of used equipment (noninventory ) on credit to Junk Yard, terms n/30. July 13 The company sold $5, 400 of merchandise (cost is $5,000) on credit to J. Bell, terms n/30. July 15 The company granted J. Bell an allowance (price reduction) of $720 for merchandise purchased on July 13. Smith Auto credited accounts receivable for that amount. July 22 The company purchased a building for $42,000 by issuing a note payable. July 26 The company paid salaries of $5, 500 with cash. 1. Journalize its transactions that should be recorded in the general journal. 2. Identify the journal where each of the following transactions should be recorded. Complete this question by entering your answers in the tabs below. General Subsidiary Journal Ledger Journalize its transactions that should be recorded in the general journal. (If the transaction is not recorded in the general journal, selec "Not recorded in general journal" in the first account field.)