Billy Bob Supply Company uses four special journals: purchases, sales, cash receipts, and cash disbursements, along with a general journal….

Billy Bob Supply Company uses four special journals: purchases, sales, cash receipts, and cash disbursements, along with a general journal. The following transactions were incurred during August:
Aug. 1: Purchased merchandise from Able Co. for $5,000 terms 2/10, n/30.
3. Received check from Fox Co. (full balance outstanding) for July sale (less the 2% discount).
3. Sent check No. 757 $4,900 to Able Co. in full payment of outstanding balance from prior month.
4. Sold merchandise on credit to Coe. Co. for $6,000, terms 2/10, n/30, Invoice No.245
5. Purchased merchandise from baker Co. for $6,000, terms 1/15, n/30.
8. Purchased office supplies on credit from Echo Co. for $1,000, terms n/30.
9. Returned merchandise costing $300 to Able Co. from August 1 purchase.
11. Paid Able Co. for the August 1 purchase, (less discount) Check No. 758.
13. Received cash payment from Coe Co. for August 4 sale (less discount).
15. Paid August rent of $1,000, Check No. 759.
15. Sold merchandise on credit to Fox Co. for $5,000, terms 2/10, n/30, Invoice No. 246. Cost of the goods sold is $3,000.
18. Sold merchandise on credit to Coe Co. for $3,000, terms 2/10, n/30, Invoice No. 247. Cost of the goods sold is $1,200.
18. Received $2,100 cash for the $2,000 note receivable from Fox Corp. (included $100 Interest).
19. Sold merchandise on credit to Thomas Co. for $6,000, terms 2/10, n/30, Invoice No. 248. Cost of the goods sold was $3,700.
20. Made cash payment in full to Baker Co. for the August 5 purchase, Check No 760.
20. Sold merchandise on credit to Fox Co. for $3,000, terms 2/10, n/30, Invoice No. 249. Cost of the goods sold was $1,200.
22. Sold merchandise on credit to Thomas Co. for $4,000, terms 2/10, n/30, Invoice No. 250. Cost of the goods sold is $2,500.
25. Received full payment less discount from Fox Co. for Aug.15 sale.
28. Recorded cash sales for the month $5,000. The cost of the goods sold was $3,000.
29. Paid telephone Bill for August of $1,000, Check No. 761. Paid Salaries of $500 each to 3 employees, Check No 762, 763, 764.
30. Issued Check #765 for $5,200 ($5,000 note payable and $200 interest expense).
Record the above transactions in the appropriate special journals below. Post to ledgers and prepare the trial balances.