• Fill in the missing words for the following special journal: [ Select] JOURNAL Page 27 DR Accounts Receivable DR Sales Invoice Ref. Date Account CR CR No. [ Select] [ Select ] This special journal is for a company using the [Select] v inventory system.

Journalize the following transactions for the buyer, Jones Company, using the net method to account for purchase discounts. Assume a perpetual inventory system. October 3 Purchased goods from Grieg Company on account, $8,000, terms 5/10, n/30. October 9 Returned defective merchandise to Grieg Company that was previously purchased on account, $960. October 14 Paid the amount due to Grieg Company. Date Account Title Debit Credit X

Using T accounts for Cash, Accounts Payable, Purchases, Purchases Returns and Allowances, Purchases Discounts, and Freight-In, enter the following purchase transactions. Identify each transaction with its corresponding letter. Use a new set of T accounts for each set of transactions. Purchase of merchandise with freight-in. a) Merchandise is purchased on account, $2,800 plus freight charges of $100. Terms of the sale were FOB shipping point. b) Payment is made for the cost of merchandise and the freight charge.

Using the five journals as named here: Sales, Purchases, Cash Receipts, Cash Disbursements, and General and using the following as possible column header titles: Date, Account, Acct. No., Check No., Purchase Order No., Sales Invoice No., Ref. or None and using the accounts listed below, record journal entries for the following transactions, which uses the perpetual inventory system: Accounts Payable Merchandise Inventory Sales Accounts Receivable Purchases Sales Discounts Cash Purchase Discounts Sales Returns and Allowances Cost of Goods Sold Purchase Returns and Allowances Sales Tax Payable PLEASE NOTE: You must enter the journal names, header titles, and account names exactly as written above (or in the transactions below) and all dollar amounts will be with "$" and commas as needed (i.e. $12,345). If no dollar amount is needed, please use "$0" - no quotation marks. On Jun. 1, credit sale (invoice #1) to Green Lantern Inc. (acc #101) for $1,999, for inventory costing…