The chart of accounts of Oriole Company includes the following selected accounts. -/1 E 112 401 Sales Revenue 120 126 412 Accounts Receivable Inventory Supplies Equipment Accounts Payable 505 Sales Returns and Allowances Cost of Goods Sold Advertising Expense 157 610 201 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 Purchased merchandise from Eby Company $8.120. 1 2 3 5 8 Received freight bill from Shaw Shipping on Eby purchase $400. Made sales to Fort Company $1,570 and to Hefner Bros. $1,720. Purchased merchandise from Getz Company $3.280. Received credit on merchandise returned to Getz Company $320. Purchased store supplies from Dayne Supply $720. Purchased merchandise from Eby Company $3.700 and from Bosco Company $4,200. Made sales to Aybar Company $3.180 and to Hefner Bros. $1.970. Received hillfoniadvertisinca from Welten Advertisements $500 13 15 16 CIT July 1 Purchased merchandise from Eby Company $8,120. 2 5 8 13 15 16 Received freight bill from Shaw Shipping on Eby purchase $400. Made sales to Fort Company $1,570 and to Hefner Bros. $1,720. Purchased merchandise from Getz Company $3,280. Received credit on merchandise returned to Getz Company $320. Purchased store supplies from Dayne Supply $720. Purchased merchandise from Eby Company $3,700 and from Bosco Company $4,200. Made sales to Aybar Company $3,180 and to Hefner Bros. $1,970. Received bill for advertising from Welton Advertisements $590. Sales were made to Fort Company $200 and to Duncan Company $3,110. Granted allowance to Fort Company for merchandise damaged in shipment $60. Purchased merchandise from Getz Company $2.980. Purchased equipment from Dayne Supply $770. Received freight bill from Shaw Shipping on Getz purchase of July 24. $490. Sales were made to Aybar Company $5.850. 18 21 22 24 26 28 30 in a purchases journal, a sales journal, and a general journal. (Record entries in the order played in the problem statement.) Purchases Journal Date Account Credited (Debited) Ref. Accounts Payable Cr. Inventory Dr. 126/