Spindle Company uses a Sales Journal, a Purchases Journal, a Cash Receipts journal, a cash Disbursements Journal, General Journal. The Following transactions occurred during the month of February 2014.

Feb.2 Sold merchandise to S. Mayer for $450 cash, invoice #5703.Cost, $200.

5 Purchased merchandise on credit from Camp Corp., $2,300.

7 Sold merchandise to J.Eason for $1,150, terms 2/10, n/30, invoice #5704. Cost, $700.

8 Borrowed $8,000 by giving a note to the bank.

12 Sold merchandise to P.Lathan for $320, terms n/30, invoice #5705. Cost, $170.

16 Received $1,127 from j. Eason to pay for the purchase of February 7.

19 Sold used store equipment to Whiten, Inc., for $900 cash.

25 Sold merchandise to S. Summers for $550, terms n/30, invoice #5706. Cost, $300.

a) complete the requirement assuming a periodic Inventory system