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Smith Auto uses a sales journal purchases journal, cash receipts Journal, cash payments Journal, and general Journal. July 3 The company purchased $4,see of merchandise

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Smith Auto uses a sales journal purchases journal, cash receipts Journal, cash payments Journal, and general Journal. July 3 The company purchased $4,see of merchandise on credit from Advanced Parts, terms n/6e. 6 The company sold $1,300 of merchandise (cost is $1,150) for cash to O'Reily. 7 The owner, A. Smith, contributed equipment worth $7,8ee to the company. 9 The company sold $1,450 of used equipment (noninventory) on credit to Junk Yard, terms n/30. 13 The company sold $6,000 of merchandise (cost is $5,600) on credit to ). Bell, terns n30. The company granted ). Bell an allowance (price reduction) of $780 for merchandise purchased on July 13. Smith Auto credited accounts receivable for that amount. 22 The company purchased a building for $48,000 by Issuing a note payable. 26 The company paid salaries of $5,see with cash 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.)

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