Abercrombie Company uses four special journals: Purchases,...

 Abercrombie Company uses four special journals: Purchases, Sales, Cash Receipts, and Cash Disbursements. The following transactions were incurred during August:

     Aug. 1 Purchased merchandise from Able Co. for $2,000, terms 2/10, n/30. 

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

4        Sold merchandise on credit to Coe Co. for $4,000, terms 2/10, n/30, Invoice No. 245.

8        Purchased office supplies on credit from Echo Co. for $300, terms n/30.

9        Returned merchandise costing $200 to Able Co. from August 1 purchase.

11      Paid Able Co. for the August 1 purchase, Cheque No. 758.

13       Received payment from Coe Co. for August 4 sale.

15      Paid rent expense $1,500, Cheque No. 759.

18       Received $2,300 for a $2,000 note receivable from Fox Corp. 

20     Made payment in full to Baker Co. for the August 3 purchase, Cheque No. 760.

28     Recorded cash sales for the month $9,000.

29     Paid monthly telephone bill $250, Cheque No. 761. 

required PURCHASES JOURNAL AND CASH PAYMENTS JOURNAL