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The following selected transactions were completed during August between Summit Company and Beartooth Co$.$: Aug. $1$ Summit Company sold merchandise on account to Beartooth Co$.,$ $$48,000,$ terms FOB destination, n$/15.$ The cost of the goods sold was $$28,800.2$ Summit Company paid freight of $$1,150$ for delivery of merchandise sold to Beartooth Co$.$ on August $1.5$ Summit Company sold merchandise on account to Beartooth Co$.,$ $$66,000,$ terms FOB shipping point, neom. The cost of the goods sold was $$40,000.9$ Beartooth Co$.$ paid freight of $$2,300$ on August $5$ purchase from Summit Company. $15$ Summit Company sold merchandise on account to Beartooth Co$.,$ $$58,700,$ terms FOB shipping point, n$/45.$ Summit paid freight of $$1,675,$ which was added to the invoice. The cost of the goods sold was $$35,000.16$ Beartooth Co$.$ paid Summit Company for purchase of August $1.20$ Summit Company paid Beartooth Co$.$ a cash refund of $$1,000$ for defective merchandise purchased on August $1.$ Beartooth Co$.$ kept the merchandise. $31$ Beartooth Co$.$ paid Summit Company on account for purchase of August $5.31$ Summit Company issued Beartooth Co$.$ a credit memo for merchandise with an invoice amount of $$4,000$ that was returned from the August $15$ sale. The cost of the merchandise returned was $$2,500.$ Required: Journalize the August transactions for $(1)$ Summit Company and $(2)$ Beartooth Co$.$

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