Instructions The following selected transactions were completed during August between Summit Company and Bearfooth Co Aug 1 2 5 15 Summit Company old merchandise on account to Beatooth Co $52, 156, terens Fos destination 2:15. nomThe cost of the merchandise sold was 525940 Summit Company paid freight of 1.235 for delivery et merchandise sold to Betooth Cs on August Summit Company solo merchandise on account to Beatooth Ca 500 090, terms FO shipping point n/45. The cost of the merchandise sold was 535 900 Beartoon Co. paid freight of 52,140 on August purchase from Summit Company Summit Company told merchandise on account to Beatooth Co, 562,600, berme FOB shipping point 1/10, 1/30 Summit Company paid folght of 51 515, which was added to the invoice. The cost of the merchandise sold was 532,600 Bearfooth Co. paid Summit Company for purchase of August 1 Summit Company paid Bertooth Co a refund of $1.000 for detective merchandise in the August purchase Beartooth Co spread to toep the merchandise Beartooth Co. paid Summit Company on account for purchase of August 15 16 25 Required: Source the August transaction for (1) Summut Company and (2) Bartooth Co. Refer to the chart of accounts for the cat wording of the account stins CNOW joumais do not use ones for carnal explanations Every line on a journal page a used for dedit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount ia endered. Chant of Account Summit ompany CHART OF ACCOUNTS Summit Company General Ledger ASSETS REVENUE 410 Sales 610 Interest Revenue