Smith Auto uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. July 3 The company purchased $4,500 of merchandise on credit from Advanced Parts, terms n/60. July 6 The company sold $1,300 of merchandise for cash (cost is $1,150) to O'Reily. July 7 The owner, A. Smith, contributed equipment worth $7,800 to the company. July 9 The company sold $1,450 of used equipment (noninventory) on credit to Junk Yard, terms n/30. July 13 The company sold $6,000 of merchandise (cost is $5,600) on credit to J. Bell, terms n/30. July 15 The company granted J. Bell an allowance (price reduction) of $780 for merchandise purchased on July 13. Smith Auto credited accounts receivable for that amount. July 22 The company purchased a building for $48,000 by issuing a note payable. July 26 The company paid salaries of $5,800 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.

Smith Auto uses a sales joumal, purchases journal, cash receipts journal, cash payments journal, and general journat July 3 The company purchased $4,500 of merchandise on credit from Advanced Parts, terms n/60. July 6 the company sold 51,300 of perchandise for cash (cost is $1,150 ) to 0 Reily. July 7 the owner, A. Saith, contributed equipment worth $7,800 to the company. July 9 - The company sold $1,450 of used equipment (noninventory) on credit to Junk yard, teras n/30. July 13 The company sold $6,600 of merchandise (cost is $5,600 ) on credit to J. Bell, terms n/30. July 15 The company granted J. Boll an allowance (price reduction) of \$780 for merchandise purchased on July 13. Smith Auto credited accounts receivable for that asount. July 22 the conpany purchased a building for $48,000 by issuing a note payable. July 26 The company paid salaries of 55,800 with cash. 1. Journalize its transactions that should be recorded in the general journal. 2. Identify the journol where esch of the following transactions should be recorded