Assignment 3 Below are the transactions for October 2022, for The Brown Company. Owner, Sam Smith has asked you the office manager to record the transactions into the correct journal. He has supplied you with the following journals, General Journal, Sales Journal. lBash Receipts Journal, Purchase Journal and Cash Payments Journal Transactions: 2 Owner made a cash investment into the company $26,000 2 Purchased merchandise on account from Racks (30., invoice No. T43. Terms 3'10, n130, $T00. 3 Paid this months' rent, $920 to the landlord Shifty Rentals Inc.. cheque 202 3Sold $2,500 of merchandise on account to H. Holand, sales invoice No. 1, terms U10. nt30. Cost of 4 Purchased merchandise on account from Gary Co., invoice No.319. Terms 3115, ni45. $1,500. 5 Sold $1,200 of merchandise on account to T. Traer, sales invoice No. 2, terms 1.-'10, n50. Cost of Go 6 Issued debit memorandum No. 101 to Racks Co. for damaged goods re: invoice No. 743, $ 300. B Bought supplies on account from Staples for $100, Invoice # 325, term nI'30. 10 Paid salaries, $?00, cheque 203 10 Sent cheque No. 204 to Racks Co. for invoice No. 743 less returns and discount. 13 Received cash from H. Holand in payment for October 3 transaction, less the discount. 14 Issued credit memo No. 1 to T. Traer for $100 for merchandise returned from Oct 5 sale on account. 15 Paid for supplies purchased on October 3, cheque 205 15 Received cash from T. Traer for the amount clue, less the returns and discount. 1? Sent cheque No. 206 to Gary Co. for invoice No. 319 less discount. 21 Received Bell Co. telephone bill, to be paid later. $50, term nt30. 21 Purchased merchandise on account from Racks (30., invoice No. T84. Terms 3'10, n130, $1,050. 23 Sold $500 merchandise for cash, sales invoice No. 3. Cost of goods sold $250. 24 Purchased merchandise from Saw Co. for $1,000 with cheque 2.37 29 Sold $3,600 of merchandise to C Happy FOB shipping point, Invoice no 4, terms U10, nt30. Cost of 29 C. Happy was unhappy with some oi the goods and returned $300 debit memo 103. Cost of goods r 30 C. Happy paid her account in full today less returns and discount. 31 Withdrew $400 from the business, cheque 203 31 Puchased new computer system from IBM computer solutions for $7,300, Invoice 6235. Paid cash $6,300 (chq #209} and put the remaining balance on account. Terms ni30