Bill Evans began Evans Distributors, a sporting goods distribution company, in January 20X1 and engaged in the transactions below. Assume Evans Distributors and its customers take advantage of all cash discounts.

INSTRUCTIONS
Record the transactions in a general journal. Number the first journal page as page 1. Provide brief explanations after each journal entry.

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DATE 20X1 Jan. 1 2 3 4 5 10 11 13 355 15 15 TRANSACTIONS Bill Evans started Evans Distributors with an investment of $55,000. He also invested personal business equipment worth $7,500. Purchased merchandise for cash, $11,500, Check 100. Sold merchandise on account to Rivera Corporation, $850, terms 2/10, n/30, Invoice 1001. Purchased merchandise on account from Tsang Company, $2,000, terms 1/10, n/30, Invoice 1125. Received and paid freight charges related to January 4 purchase of merchandise from Tsang Company, $150, Check 101. Rivera Corporation returned merchandise purchased on January 3; issued credit memo # 101 for $150. Received payment in full from Rivera Corporation, after the return of January 10 and after the discount. Paid amount due to Tsang Company for purchase of January 4, Check 102. Recorded cash sales for the two-week period ended January 15 of $7,250. Recorded sales on credit cards for the two-week period ended January 15, $1,200; the bank charges a 3 percent fee on all credit card sales. Paid wages, $1,875, Check 103.