Instructions: Using the Excel General Journal Template prepare in good form the journal entries for the month of July for ABC Co. (providing explanations and calculations is optional)

July 2 Purchased 1500 Gizmos from T Co. @ $3 ea for cash

July 5 Purchased 2000 Gizmos from Z Co @ $3 ea (1/10,n/30) FOB Shipping Point $500

July 7 Received merchandise from Z Co. Paid $500 freight

July 9 Returned 250 Gizmos to T Co. Refund to be received in two weeks

July 11 Sold 1000 Gizmos to H Co. @ $6 ea (2/10,n/30) (cost $3 ea) FOB Destination $300

July 12 Paid freight on sale to H Co. $300

July 15 Paid Z Co. for purchase of July 5 within the discount period

July 17 Received return of 100 widgets from sale to H Co. (sold @ $6 ea, cost @ $3 ea)

July 19 Purchased 500 Gizmos @ $3 ea from B Co, (2/10,n/30)

July 20 Purchased $400 of supplies for cash

July 21 Collect from H Co. within the discount period (less return on July 17)

July 23 Returned 150 Gizmos to B Co. purchase on July 19 (cost $3 ea)

July 25 Received refund from T Co. for merchandise returned on July 9

July 29 Paid B Co. within the discount period (less return on July 23)