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3. Journalize the following transactions and post the first three transactions: a. Paid $250 of...

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Accounting

3. Journalize the following transactions and post the first three transactions:

a. Paid $250 of accrued interest on a note payable.

b. Purchased inventory on account for $17,500 using the perpetual system.

c. Sales on account $13,500 and for cash $8,000.

d. Paid salaries payable of $2,400.

e. Cash collections from customers $11.600.

f. Purchased inventory for cash using perpetual for $13,000.

g. Made a payment on account payable of $17,640.

h. Paid sales salaries totaling $3,600.

i. Received cash interest on investment $150

k. Sold inventory for $5,000 that cost $4,000 using perpetual system

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