Chapter 5 Graded Assignment Required: Post the Journal entries for the five transactions to the appropriate Journal in the worksheet. Adams Retail Company sells Office Supplies at retail. Baker Wholesalers, Inc is a supplier of office products. J.R.Jones is an independent business person. Transactions: 1-Jun Adams purchases 1,000 units from Baker at $5.00 per units Terms of the purchase are 2/10, Net 30 with an Invoice date of June 1st. Baker's cost for the merchandise is $4.00 per unit. 9-Jun Adams pays Baker for the merchandise. 11-Jun Adams sells 125 units of office supplies to J. R.Jones on account. The office supplies were sold at $6.00 per unit with terms of 2/10, Net 30. Jones picked up the merchandier at Adam's location. 12-Jun Jones returns 25 units to Adams due to being the wrong size for his use. Adams issues him a credit for those units. The units are still usable so Adams returns them to inventory. 19-Jun J. R. Jones pays his outstanding bill to Adams. Student Name Chapter 5 Adams Retail Company General Journal Date Account Title Baker Wholesalers, Inc. General Journal Account Title PR Debit Credit Date PR Debit Credit J. R. Jones General Journal