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The company purchased $ 4 , 9 0 0 of merchandise on credit from Advanced Parts, terms n / 6 0 . Note: Enter debits

The company purchased $4,900 of merchandise on credit from Advanced Parts, terms n/60. Note: Enter debits before credits. Date General Journal Debit Credit July 03 Clear entry View general journal Record entry Complete this question by entering your answers in the tabs below. General Journal Subsidiary Ledger Identify the journal where each of the following transactions should be recorded. Date Transaction July 3 The company purchased $4,900 of merchandise on credit from Advanced Parts, terms n/60. July 6 The company sold $1,500 of merchandise (cost is $1,350) for cash to O'Reily. July 7 The owner, A. Smith, contributed equipment worth $8,600 to the company. July 9 The company sold $1,650 of used equipment (noninventory) on credit to Junk Yard, terms n/30. July 13 The company sold $6,800 of merchandise (cost is $6,400) on credit to J. Bell, terms n/30. July 15 The company granted J. Bell an allowance (price reduction) of $860 for merchandise purchased on July 13. Smith Auto credited accounts receivable for that amount. July 22 The company purchased a building for $56,000 by issuing a note payable. July 26 The company paid salaries of $6,200 with cash. Journal

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