The Bike and Hike Outlet is a retail store. Transactions involving purchases and cash payments for the firm during June 201 are listed below, as are the general ledger accounts used to record these transactions. GENERAI LFDGFR ACCOINTS DATE TRANSACTIONS June 1 Iasued Check 1101 for $1,700 to pay the monehly rent. 3. Purchased merchandise for $1,900 from Pertect Fit shoe shop, Invoice 746, dated Jane 17 the terms are 2/10, n/30 5. Purchased new ntore equipment for $3,800 from Middleton Company, Invoice 9067 dated June 4, net payable in 30 days. 7 Isoued Check 1102 for $1,400 to Leisure Near clothing Company, a ereditor, in payment of Invoice 3342 of May 9. Iasued check 1103 for $2,205 to pertect 7 te shoe shop, a creditor, in payment of Invoice 746 dated sune 1 ($2,250),10s a a cash dilloount ($45). 12. Purchased merchandise for $1,675 from Juandaa Coat shop. Invoice 9922 , dated June 9 , net due and payable in 30 . days. 13 Insued cheok 1104 for $221 to pay the nonthly telephone bil1. 1e Received credit Memorandum 203 for 5375 from Juandas coat shop for defective goods that were returned; the oripinal purchase was made on Invoice 9922 dated June 9. 21 Purchased new atore equipment for $8,800 from Warren Canpanys 1ssued a three-month promissory note with interest at 10 percent. 23 Purehased merchandise for \$4,700 from The Motor Specedvay, Invoice 1927, dated June 20, teris of 2/10, n/30. 25 Insued Check 1105 for 51,075 to Juandas Coat shop, a oreditor, as payment on account, Invoice 7416 dated May 211. 2. Inoued cheek 1106 for 54,606 to the Motor speedway, a creditor, in payment of Invoioe-1927 of June 20 ( $4,700 ). Post the opening balances and transactions into the appropriate ledger accounts. Record the transactions in a purchases journal as of June 201. Record the transactions in a cash payments journal as of June 201. Journal entry worksheet Record the purchase of new store equipment for $3,800 from Bigtown Company, Invoice 9067 dated June 4 , net payable in 30 days. Note: Enter debits before credits. Journal entry worksheet Record the return of defective goods, Credit Memo 203, original purchase made on Invoice 9922 on June 9. Note: Enter debits fefore credits. Journal entry worksheet Record the issuance of a 3-month, 10% note to Warren Company to purchase new store equipment. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Show how the firm's net cost of purchases would be reported on its income statement for the month ended June 30. Analyze: What total liabilities does the company have at month-end? Complete this question by entering your answers in the tabs below. Assuming that all relevant information is included in this problem, what total liabilities does the company have at month-e
