Reference no: EM132704642

ABC Company engaged in the following transaction in October 2018

Oct

7 Sold Merchandise on credit to Lina Quiz $6000
8 Purchased merchandise on credit from Ruff Company $12,000.
9 Paid Curry Company for shipping charges on merchandise purchased on October 8 $508.
10 Purchase merchandise on credit from Swell Company $19,200
13 Purchase office supplies on credit from Door Company $4,800.
14 Sold merchandise on credit to Peter Watts $4,800.
14 Returned damage merchandise receive Ruff Company on October 8 $1,200.
17 Received cheque from Lina Ortiz for her purchase on October 7
18 Returned a portion of the office supplies received on October 13 for credit because the wrong item was sent $800.
19 Sold merchandise for cash $3,600.
20 Paid Swell for purchase of October 10.
21 Paid Ruff Company the balance from the transactions of October 8 and 14.

Problem 1: You are required to prepare entries in the General Journal, Returns Journal, Purchase and Sales Journal to record the transactions above.