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The company completed these transactions beginning on October 16, 2017. Terms of all credit sales are 2/10, 17/30. Oct. 16 Purchased office supplies on credit

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The company completed these transactions beginning on October 16, 2017. Terms of all credit sales are 2/10, 17/30. Oct. 16 Purchased office supplies on credit from Green Supply Company. $1.470. Invoice dated October 16, terms n/10 EOM. 16 Sold merchandise on credit to Heather Flatt, invoice #916, $q.100. Cost. $5.270. 18 Issued a credit memo to Amy Izon for defective merchandise sold on October 15 and returned for credit. $400. The returned merchandise was scrapped. 19 Received a $1.280 credit memo from Walters Company for merchandise received on October 15 and returned for credit. 20 Received a $286 credit memo from Green Supply Company for office supplies received on October 16 and retumed for credit. 20 Purchased store equipment on credit from Green Supply Company. invoice dated October 19, terms n/10 COM. $14.800. 21 Sold merchandise on credit to Jan Wildman, invoice #q17. $10,900. Cost, $6,320. 22 Received payment from Heather Flatt for the October 12 sale. 25 Received payment from Amy Izon for the October 15 sale. 25 Issued cheque #623 to Walters Company in payment of its October 15 invoice. 25 Issued cheque #624 to Sunshine Company in payment of its October 15 invoice. 28 Received merchandise with an invoice dated October 28, terms 2/10. n/60, from Sunshine Company. $12,950. 28 Sold a neighbouring merchant a carton of calculator tape (store supplies) for cash at cost. $116. 29 Marlee Levin, the owner of China Moon Products, used cheque #625 to withdraw $8.000 cash from the business for personal use. 30 Issued cheque #626 to Midwest Electric Company in payment of the October electric bill, $1,240. 30 Issued cheque #627 to Jamie Ford, the company's only sales employee. in payment of her salary for the last half of October, $3.260. 31 Cash sales for the last half of the month were $132.256. Cost. $76.700. Cash sales are usually recorded dally but are recorded only twice in this problem to reduce the ropedove transactions. Click here for a description of List: Problem All-5B. Required 1. Record the transactions in the journals provided. 2. Post to the customer and creditor accounts and also post any amounts that should be posted as individual amounts to the general ledger accounts. Normally, these amounts are posted daily, but they are posted only once by you in this problem because they are few in number

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