The chart of accounts of Cullumber Company includes the following selected accounts. 112 Accounts Receivable 401 Sales Revenue 120 Inventory 126 Supplies 157 Equipment 201 Accounts Payable 412 Sales Returns and Allowances 505 Cost of Goods Sold 610 Advertising Expense In July, the following transactions were completed. All purchases and sales were on account. The cost of all merchandise sold was 70% of the sales price July 1 Purchased merchandise from Eby Company $8,000 2 Received freight bill from Shaw Shipping on Eby purchase $350 3 Made sales to Fort Company $1,890 and to Hefner Bros. $1,740 5 Purchased merchandise from Getz Company $3,120 8 Received credit on merchandise returned to Getz Company $280 13 Purchased store supplies from Dayne Supply $700 15 Purchased merchandise from Eby Company $3,550 and from Bosco Company $4,210 16 Made sales to Aybar Company $3,610 and to Hefner Bros. $1,900 18 Received bill for advertising from Welton Advertisements $640 21 Sales were made to Fort Company $120 and to Duncan Company $3,070 22 Granted allowance to Fort Company for merchandise damaged in shipment $50 24 Purchased merchandise from Getz Company $3,070 26 Purchased equipment from Dayne Supply $830 28 Received freight bill from Shaw Shipping on Getz purchase of July 24, $360 30 Sales were made to Aybar Company $5,920