Reference no: EM132741691

Question - ABC Company engaged in the following transaction in October 2018.

Oct 7 Sold Merchandise on credit to Lina Quiz $6000

Oct 8 Purchased merchandise on credit from Ruff Company $12,000.

Oct 9 Paid Curry Company for shipping charges on merchandise purchased on October 8 $508.

Oct 10 Purchase merchandise on credit from Swell Company $19,200

Oct 13 Purchase office supplies on credit from Door Company $4,800.

Oct 14 Sold merchandise on credit to Peter Watts $4,800.

Oct 14 Returned damage merchandise receive Ruff Company on October 8 $1,200.

Oct 17 Received cheque from Lina Ortiz for her purchase on October 7

Oct 18 Returned a portion of the office supplies received on October 13 for credit because the wrong item was sent $800.

Oct 19 Sold merchandise for cash $3,600.

Oct 20 Paid Swell for purchase of October 10.

Oct 21 Paid Ruff Company the balance from the transactions of October 8 and 14.

Required - You are required to prepare entries in the General Journal, Returns Journal, Purchase and Sales Journal to record the transactions above.