Weck 11 Assignment-Retail husiness transactions (2) The following selected transactions were completed during June between Snipes Company and Beejoy Company. Please rocord transactions for Becjoy company. \begin{tabular}{|c|c|} \hline \begin{tabular}{c|c|} June \\ 8. \end{tabular} & \begin{tabular}{l} Snipes Company sold merchandise on account to Beejoy Company, $18,250, terms FOB destination, 2/15, n/eom. The cost of the merchandise sold was \\ $10,000. \end{tabular} \\ \hline 8. & Snipes Company paid transportation costs of $400 for delivery of merchandise sold to Beejoy Company on June 8 . \\ \hline 12. & \begin{tabular}{l} Beejoy Company returned merchandise with a selling price of $5,000 ( $4,900 net of discount) purchased on June 8 from Snipes Company. The cost of the \\ merchandise returned was $3,000. \end{tabular} \\ \hline 23. & Becjoy Company paid Snipes Company for purchase of June 8, less refund on return of June 12. \\ \hline 24. & \begin{tabular}{l} Snipes Company sold merchandise on account to Beejoy Company, $15,000, terms FOB shipping point, n/com. The cost of the merchandise sold was \\ $9,000. \end{tabular} \\ \hline 26. & Beejoy Company paid transportation charges of $375 on June 24 purchase from Snipes Company. \\ \hline 30. & \begin{tabular}{l} Becjoy Company paid Snipes Company on account for purchase of June 24. \\ Instructions \\ Illustrate the effects of each of the preceding transactions on the accounts and financial statements of Beejoy Company. Identify each transaction by date. \end{tabular} \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{11}{|c|}{ Beejoy Company (Buyer) } \\ \hline \multicolumn{10}{|c|}{ Balance Sheet } & \multirow[b]{3}{*}{ Description of Retained } \\ \hline & \multicolumn{3}{|c|}{ Assets } & = & \multicolumn{2}{|c|}{ Labilities } & \multirow{2}{*}{+} & \multicolumn{2}{|c|}{ Shareholder's Equity } & \\ \hline & & Accounts & Merchandise & & Accounts & Customer Refunds & & Capital & Retained & \\ \hline Date & Cash & Receivable & Inventory & & Payable & Payable & & Stock & Earnings & Earnings Transaction \\ \hline 8-Junc & & & & & & & & & & \\ \hline 12-June & & & & & & & & & & \\ \hline 23-June & & & & & & & & & & \\ \hline 24-June & & & & & & & & & & \\ \hline 26-June & & & & & & & & & & \\ \hline 30-Junc & & & & & & & & & & \\ \hline \end{tabular}