Record the following transactions with a reference number that serves as a unique identifier for the transaction, description of the transaction July 1 – Donald Blake opened Blake Collectibles by depositing $320,000 to the business' bank account. July 2 – Paid six months’ rent in advance, $20,000. July 4 – Hired a clerk, to be paid $2,200 per week. July 6 – Purchased equipment for $15,000. Paid $3,000 in cash, the remainder to be paid in installments of $6,000 every two weeks. July 8 – Purchased merchandise on credit from Colson Trade, terms n/30, Free On Board Shipping point, $60,000. July 8 – Paid Steele Freight for the shipping charges on the merchandise purchased above, $327. July 10 – Sold merchandise to Anderson Store amounting to $31,725. Anderson paid 40% of the purchases, the balance to be paid next month. July 11 – Purchased office supplies for cash, $3,209. July 12 – Returned damaged merchandise to Colson Trade for credit amounting to $6,000. July 15 – Purchased merchandise on credit from Sideshow Collectibles, terms 3/10, n/30, Free On Board Shipping point, $64,380. Sideshow Collectibles paid the related freight cost amounting to $2,100. July 17 – Sold merchandise for cash, $44,300. July 17 – Paid the assistant his first week’s wages. July 18 – Returned damaged merchandise to Sideshow Collectibles amounting to $4,320. July 21 – Paid the next installment on the equipment purchased on July 6. July 22 – Paid the July 15 purchase. July 23 – Sold merchandise on credit to Flanders Trading amounting to $36,780, terms, 2/10, n/30, Free On Board Shipping Point. Blake Collectibles paid the freight costs amounting to $1,324. July 24 – Paid the assistant for the week. July 24 – Flanders returned damaged merchandise amounting to $3,050. July 28 – Received an electric bill of $400, to be paid on August 1. July 30 – Received payment from Flanders Trading in full.

Record the following transactions with a reference number that serves as a unique identifier for the transaction, description of the transaction

July 1 – Donald Blake opened Blake Collectibles by depositing $320,000 to the business' bank account.

July 2 – Paid six months’ rent in advance, $20,000.

July 4 – Hired a clerk, to be paid $2,200 per week.

July 6 – Purchased equipment for $15,000. Paid $3,000 in cash, the remainder to be paid in installments of $6,000 every two weeks.

July 8 – Purchased merchandise on credit from Colson Trade, terms n/30, Free On Board Shipping point, $60,000.

July 8 – Paid Steele Freight for the shipping charges on the merchandise purchased above, $327.

July 10 – Sold merchandise to Anderson Store amounting to $31,725. Anderson paid 40% of the purchases, the balance to be paid next month.

July 11 – Purchased office supplies for cash, $3,209.

July 12 – Returned damaged merchandise to Colson Trade for credit amounting to $6,000.

July 15 – Purchased merchandise on credit from Sideshow Collectibles, terms 3/10, n/30, Free On Board Shipping point, $64,380. Sideshow Collectibles paid the 
related freight cost amounting to $2,100.

July 17 – Sold merchandise for cash, $44,300.

July 17 – Paid the assistant his first week’s wages.

July 18 – Returned damaged merchandise to Sideshow Collectibles amounting to $4,320.

July 21 – Paid the next installment on the equipment purchased on July 6.

July 22 – Paid the July 15 purchase.

July 23 – Sold merchandise on credit to Flanders Trading amounting to $36,780, terms, 2/10, n/30, Free On Board Shipping Point. Blake Collectibles paid the freight costs amounting to $1,324.

July 24 – Paid the assistant for the week.

July 24 – Flanders returned damaged merchandise amounting to $3,050.

July 28 – Received an electric bill of $400, to be paid on August 1.

July 30 – Received payment from Flanders Trading in full.