Smith Auto uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. July 3 The company purchased $3,900 of merchandise on credit from Advanced Parts, terms n/60. July 6 The company sold $1,000 of merchandise for cash (cost is $850) to O'Reily. July 7 The owner, A. Smith, contributed equipment worth $6,600 to the company. July 9 The company sold $1,150 of used equipment (noninventory) on credit to Junk Yard, terms n/30. July 13 The company sold $4,800 of merchandise (cost is $4,400) on credit to J. Bell, terms n/30. July 15 The company granted J. Bell an allowance (price reduction) of $660 for merchandise purchased on July 13. Smith Auto credited accounts receivable for that amount. July 22 The company purchased a building for $36,000 by issuing a note payable. July 26 The company paid salaries of $5,200 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. Answer is not complete. Complete this question by entering your answers in the tabs below. General Journal Subsidiary Ledger Journalize its transactions that should be recorded in the general journal. (If the transaction is not recorded in the general journal, select "Not recorded in general journal" in the first account field.) No Date Credit Debit 3,900 X 1 General Journal Inventory Accounts payableJ. Bell July 03 x 3,900 X 2 July 06 x 1,000 X Accounts receivable J. Bell Sales x 1,000 X x 850 X Sales Inventory x 850 3 July 07 6,600 Equipment A. Smith, Capital 6,600 4 July 09 1,150 Accounts receivable-Junk Yard Equipment 1,150 5 July 13 x 4,800 x x 4,800 x Accounts receivable J. Bell Sales Not recorded in general journal Inventory 4,400 X x x 4,400 x 6 July 15 6,600 Sales returns and allowances Accounts receivable J. Bell 6,600 X 7 July 22 36,000 Buildings Notes payable 36,000 8 8 July 26 5,200 x Not recorded in general journal Not recorded in general journal X 5,200 X Complete this question by entering your answers in the tabs below. General Journal Subsidiary Ledger Identify the journal where each of the following transactions should be recorded. Journal Cash payments journal Date Transaction July 3 The company purchased $3,900 of merchandise on credit from Advanced Parts, terms n/60. July 6 The company sold $1,000 of merchandise (cost is $850) for cash to O'Reily. July 7 The owner, A. Smith, contributed equipment worth $6,600 to the company. July 9 The company sold $1,150 of used equipment (noninventory) on credit to Junk Yard, terms n/30. July 13 The company sold $4,800 of merchandise (cost is $4,400) on credit to J. Bell, terms n/30. July 15 The company granted J. Bell an allowance (price reduction) of $660 for merchandise purchased on July 13. Smith Auto credited accounts receivable for that amount. July 22 The company purchased a building for $36,000 by issuing a note payable. July 26 The company paid salaries of $5,200 with cash. Cash receipts journal General joui Purchases journal Sales journal