William Evans began Evans Distributors, a sporting goods distribution company, in January 2019, and engaged in the transactions below. Assume Evans Distributors and its customers take advantage of all cash discounts DATE TRANSACTIONS 2019 Jan. 1 William Evans started Evans Distributors with an investment of 554,000. He also invested personal business equipment worth $6,000. 2 Purchased merchandise for cash, 512,500, Check 100 3 Sold merchandise on account to Chu Corporation, 5750, terms 2/10, n/30, Invoice 1001 4 Purchased merchandise on account from Tsang Company. $1,900, terns 1/10, n/30, Invoice 1125. S Received and paid freight charges related to January 4 purchase of merchandise from Tsang company. $120, Check 101 10 Chu Corporation returned merchandise purchased on January 2; issued credit semo 101 for $100. 11 Received payment in full from Chu Corporation 13 Pald amount due to Tsang Company for purchase of January 4, Check 102 15 Recorded cash sales for the two-week period ended January 15 of 56,250. 15 Recorded sales on credit cards for the two-week period ended January 15, $1,200; the bank charges a 3 fee on all credit card sales. 15 Paid wages, $1,575, Check 103 16 Purchased equipment (not for resale), 51,750, Check 104. 17 Paid freight for delivery of equipment purchased on January 16, $350. Check 105. (Note: Freight charges for purchase of equipment should be debited to the Equipment account.) 18 Purchased merchandise on account from Terra Manufacturing for $4,500, subject to a trade discount of 40%, terms 1/10, n/30, Invoice 2078 20 Sold merchandise on account to Moloney Corp., $2,500, ters 1/10, 1/30, Invoice 1082 21 Purchased merchandise on account from Schmidt Company, $3,000, terms 1/10, n/30, Invoice 3204; freight prepaid by Schmidt Company and added to invoice, $70. (Total invoice amount, 53,070.) 27 Paid amount owed to Terri Manufacturing for purchase of January 13, Check 106 29 Received amount due from Moloney Corp. for the sale of January 20, 30 Paid amount due to Schmidt Company for purchase of January 21, Check 107. 31 Recorded cash sales for the period from January 16-31, 56,825. 31 Recorded sales on the credit cards for the period from January 16-31, 52,200; the bank charges a 3% fee on all credit card sales. Required: Record the transactions in a general journal William Evans began Evans Distributors, a sporting goods distribution company, in January 2019, and engaged in the transactions below. Assume Evans Distributors and its customers take advantage of all cash discounts DATE TRANSACTIONS 2019 Jan. 1 William Evans started Evans Distributors with an investment of 554,000. He also invested personal business equipment worth $6,000. 2 Purchased merchandise for cash, 512,500, Check 100 3 Sold merchandise on account to Chu Corporation, 5750, terms 2/10, n/30, Invoice 1001 4 Purchased merchandise on account from Tsang Company. $1,900, terns 1/10, n/30, Invoice 1125. S Received and paid freight charges related to January 4 purchase of merchandise from Tsang company. $120, Check 101 10 Chu Corporation returned merchandise purchased on January 2; issued credit semo 101 for $100. 11 Received payment in full from Chu Corporation 13 Pald amount due to Tsang Company for purchase of January 4, Check 102 15 Recorded cash sales for the two-week period ended January 15 of 56,250. 15 Recorded sales on credit cards for the two-week period ended January 15, $1,200; the bank charges a 3 fee on all credit card sales. 15 Paid wages, $1,575, Check 103 16 Purchased equipment (not for resale), 51,750, Check 104. 17 Paid freight for delivery of equipment purchased on January 16, $350. Check 105. (Note: Freight charges for purchase of equipment should be debited to the Equipment account.) 18 Purchased merchandise on account from Terra Manufacturing for $4,500, subject to a trade discount of 40%, terms 1/10, n/30, Invoice 2078 20 Sold merchandise on account to Moloney Corp., $2,500, ters 1/10, 1/30, Invoice 1082 21 Purchased merchandise on account from Schmidt Company, $3,000, terms 1/10, n/30, Invoice 3204; freight prepaid by Schmidt Company and added to invoice, $70. (Total invoice amount, 53,070.) 27 Paid amount owed to Terri Manufacturing for purchase of January 13, Check 106 29 Received amount due from Moloney Corp. for the sale of January 20, 30 Paid amount due to Schmidt Company for purchase of January 21, Check 107. 31 Recorded cash sales for the period from January 16-31, 56,825. 31 Recorded sales on the credit cards for the period from January 16-31, 52,200; the bank charges a 3% fee on all credit card sales. Required: Record the transactions in a general journal