The following selected transactions were completed during August between Summit Co. and Beartooth Co: Aug 1 Summit Co. sold merchandise on account to Beartooth Co, $49.200, terms FOB destination, 2/15, nleom. The cost of the merchandise sold was $27,580 2 Summit Co. paid freight of $1,115 for delivery of merchandise sold to Beartooth Co on August 1 5 Summit Co. sold merchandise on account to Beartooth Co., $68,150, terms FOB shipping point, nleom The cost of the merchandise sold was $42,180 9 Beartooth Co. paid freight of $2,230 on August 5 purchase from Summit Company 15 Summit Co. sold merchandise on account to Beartooth Co., $61,100, terms FOB shipping point, 1/10, n/30. Summit paid freight of $1,700, which was added to the invoice. The cost of the merchandise sold was $34,410 16 Beartooth Co. paid Summit for purchase of August 1 25 Beartooth Co. paid Summit on account for purchase of August 15 31 Beartooth Co. paid Summit on account for purchase of August 5 Journalize the August transactions for (1) Summit Co and (2) Beartooth Co. Refer to the Chart of Accounts of the appropriate company for exact wording of account titles