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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 $6,000, 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 for $4,900 to Able Co. in full payment of outstanding balance from prior
|           month.
4          Sold merchandise on credit to Coe Co. for $5,000, terms 2/10, n/30, Invoice No. 245.
               Cost of the goods sold is $2,100.

            5          Purchased merchandise from Baker Co. for $6,000, terms 1/15, n/30.

            8          Purchased office supplies on credit from Echo Co. for $500, 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 $2,400.

            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 $2,300 cash for the $2,000 note receivable from Fox Corp. (included $300 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 $4,000, terms 2/10, n/30, Invoice No. 249.
              Cost of the goods sold was $2,000.             

            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 $2,200.

            25        Received full payment less discount from Fox Co. for Aug.15 sale.

            28        Recorded cash sales for the month $6,000. 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 Checks 762, 763, 764.   

            30        Issued Check # 765 for $5,200 ($5,000 note payable and $200 interest expense)