VIEW HOLL Current Attempt in Progress The chart of accounts of Oriole Company includes the following selected accounts 112 Accounts Receivable 401 Sales Revenue 120 Inventory 412 Sales Returns and Allowances 126 Supplies 505 Cost of Goods Sold 157 Equipment 610 Advertising Expense 201 Accounts Payable In July, the following transactions were completed. All purchases and sales were on account. The cost of all merchandise sold was 70% of the sales price. July 1 Purchased merchandise from Eby Company $ 8,120. Received freight bill from Shaw Shipping on Eby purchase $ 400. 3 Made sales to Fort Company $1.570 and to Hefner Bros. $ 1,720. 5 Purchased merchandise from Getz Company $ 3.280. 8 Received credit on merchandise returned to Getz Company $ 320, 13 Purchased store supplies from Dayne Supply $ 720. 15 Purchased merchandise from Eby Company $ 3.700 and from Bosco Company $ 4.200. 16 Made sales to Aybar Company $ 3.180 and to Hefner Bros. $ 1.970. 18 Received bill for advertising from Welton Advertisements $ 590. 21 Sales were made to Fort Company $ 200 and to Duncan Company $ 3.110. Granted a lowance to Fort Company for merchandise danzged in shipment $60. Purchased merchandise from Getz Company 5 2,980 Purchased equipment from Dayne Supply S770. Received freight from Share Shipping on Getz purchase of ulv 24 $490. 30 Sales were made to Avbar Company $5.850 Date Account Credited (Debited) Ref. Accounts Payable Cr. Inventory Dr. V 126/ V > > > 610 > V (112)(401) (505)(120) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Satoratet Attempts: 0 of 3 used Sultanover