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The following selected transactions were completed by Scat Trak Company during July of the current...

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Accounting

The following selected transactions were completed by Scat Trak Company during July of the current year:

July 1. Purchased merchandise from Kermit Co., $4.318,750, terms FOB destination, n/30.

3. Purchased merchandise from Basaway Co., $2.512,150, terms FOB shipping point, 2/10, n/eom. Prepaid transportation costs of $18.000 were added to the invoice.

4. Purchased merchandise from Phillips Co., $3.013,800, terms FOB destination, 2/10, n/30.

6. Issued debit memorandum to Phillips Co. for $1,900 of merchandise returned from purchase on July 4.

13. Paid Basaway Co. for invoice of July 3, less discount.

14. Paid Phillips Co. for invoice of July 4, less debit memorandum of July 6 and discount.

19. Purchased merchandise from Cleghorne Co., $4,018,000, terms FOB shipping point, n/eom.

19. Paid transportation charges of $50.000 on July 19 purchase from Cleghorne Co.

20. Purchased merchandise from Graham Co., $1.779,000, terms FOB destination, 1/10, n/30.

30. Paid Graham Co. for invoice of July 20, less discount. 31. Paid Kermit Co. for invoice of July 1.

P/S

Record these transactions from beginning to the end of accounting cycle :

- vouchers

-double entry

-financiall transaction

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