The Williams Company sells a product called Mix-Right for $15 each and uses a perpetual inventory system to account for its merchandise. The beginning balance of Mix-Rights and transactions during October 2020 were as follows Oct 1 Balance: 94 units costing $5 each. 3 Purchased 109 units from Arnold Brothers costing $7.50 each 4 Returned 29 of the units purchased on October 3. 9 Sold 84 units to Kitchen Club, invoice #210. 15 Purchased 209 units from Arnold Brothers costing $8.20 each. 18 Sold 168 units to Thorhild Co-op, invoice #211. 19 Paid for the October 3 purchase; cheque #101. 23 Paid for the October 15 purchase, cheque #102. 24 Sold 59 units to Boyle Grocery, invoice #212. 31 Purchased 84 units from Arnold Brothers costing $8.00 each. Required: Journalize the October transactions in the sales, purchases, and cash disbursements journals. Assume all sales and purchases are on credit; terms 2/10, n/30. Under the assumption that the company keeps its records on a weighted average basis, enter the beginning balances and post each transaction on an inventory subledger record. Posting to other subledgers is not required. (Enter the transactions in the order provided in the question. Round final answers to 2 decimal places.) WILLIAMS COMPANY Sales Journal E Date (2020) Account Debited Invoice Number A/R Dr. Sales Cr. COGS Dr. Merchandise Inventory Cr. WILLIAMS COMPANY Purchases Journal Accounts Date (2020) Account Credited Payable Credit Merchandise Inventory Debit Office Supplies Debit Other Accounts Debit WILLIAMS COMPANY Cash Disbursements Journal Other Date (2020) Ch. No. Cash Merchandise Accts Payable Accts Payee Account Debited Credit Inventory Cr Debit Debit 4 View transaction list Journal entry worksheet < 1 Record the returned 29 units. Note: Enter debits before credits. Date October 04, 2020 General Journal Debit Credit Clear entry View general journal Record entry Purchases (Returns & Allow & Discounts) Sales (at cost) Inventory Balance Date Unit Total Unit Total Total Average Total PR Units Units Cost 2020 Cost Cost Cost Cost Units Cost Unit Oct.1 94 $5.00 $470,00 3 P1 4 G1 9 $1 Total 15 P1 18 $1 23 CD1 24 S1 31 P1