Issues bonds, that pay Interest annually on december 31. The bonds have a $130,000 par value, the annual contract rate is 12%. and the bonds mature in 15 years. Market rate at the date of issuance is 10%. Paid the premiums on property and casualty insurance policies, $4,800. Purchased used truck for $8,000. paying $3,000 cash and the balance on account. Sold merchandise to Creek Co, for $900 under credit terms of 2/10, n/60. fob shipping point, invoice dated Oct 8. The merchandise had cost $500. Issued 25,000 shares of $6 par value stock for land valued at $280,000. Purchased merchandise form light Co. for $2,200 under credit terms of 2/IS, n/60. FOB destination, invoice dated Oct 9 Received a $200 credit memorandum form light Co. for the return of part of the merchandise purchased on Oct 9. Received the balance due from Creek Co. for the invoice dated Oct 8, net of the discount. Paid cash for a newspaper advertisement, $950. A summary of the petty cash expenditures made by petty cash custodian is as follows: The petty cash fund was replenished. The balance in the fund was $12. Paid Office station Co. for part of the debt incurred on October 1, $1,000. Weekly payroll of $3,000 entirely subject to F.I.C.A. and Medicare (7.65%), with income tax withholding of $1,420 and union dues of $99 deducted. Journal entry to record salaries and wages paid Sold merchandise that cost $800 to Art Co. For $1200 under credit terms of 2/15, n/60. FOB shipping point, invoice dated Oct 15. Issued a $200 credit memorandum to Art Co. for an allowance on goods sold on Oct 15. The merchandise had cost $120