This is the comprehensive problem 2 from ch 6

During July, the last month of the fiscal year, the following transactions were completed July Paid rent for July, $4,000. Purchased merchandise on account from Lingard Co., terms 2/10. n/30. FOB shipping point. $25,000. Paul freight on purchase of July 3, $ 1,000. Sold merchandise on account to Holt Co., terms 2/10, n/30, FOB shipping point, $40,000. The cost of the merchandise sold was $24,000. Received $18,000 cash from Flatt Co, on account, no discount. Sold merchandise for cash $90,000. The cost of the merchandise sold was $50,000. Paid for merchandise purchased on July 3. Iess discount. Received merchandise returned on sale of July 6, $7,000. The cost of the merchandise returned was $4,500. Paid advertising expense for last half of July. $9,000. Received cash from sale of July 6. Iess return of July 14 and discount Purchased merchandise for cash, $22,000 Paid $23,100 to Carino Co. on account, no discount. Record the following transactions Page 21 of the journal. Sold merchandise on account to Reedley Co.. terms 1/10, n/30. FOB shipping point. $40,000. The cost of the merchandise sold was $25,000. For the convenience of the customer, paid freight on sale of July 20, $1,100. Received $17,600 cash from Owen Co. on account, no discount. Purchased merchandise on account from .Munson Co., terms 1/10, n/30, FOB destination, $32,000 July 24 Returned $5,000 of damaged merchandised purchased on July 21. receiving credit from the seller. Refunded cash on sales made for cash, $12.000. the cost of the merchandise returned was $7,200. Paid sales salaries of $22.H00 and office- salaries of $15,200. Purchased store supplies for cash, $2,400. Sold merchandise on account to Dix, Co,. terms 2/10. n/30. FOB shipping point. $18,750. The cost of the merchandise sold was $11,250. Received cash from sale of July 20. less discount. plus freight paid on July 21. Paid for purchase of July 21. less return of July 24 and discount