Question: L01,2 Set A 10A-1. Robert Chase recently opened Robert's Skate Shop. As the bookkeeper of the company, use the perpetual method to journalize, record, and

L01,2 Set A 10A-1. Robert Chase recently opened Robert's Skate Shop. As the bookkeeper of the company, use the perpetual method to journalize, record, and post when appro. priate the following transactions (account numbers are Store Supplies 115; Merchandise Inventory 120; Store Equipment 130; Accounts Payable 210). 201X May 4 Check Figure: Accounts payable ending balance $7,900 5 Bought $600 of merchandise on account from Wales Co., invoice no. 442, dated May 5; terms 3/10, n/30. Bought $4,600 of store equipment on account from Kingston Co., invoice no. 502, dated May 6. Bought $1,700 of merchandise on account from Rolo Co., invoice no. 401, dated May 9; terms 3/10, n/30. Bought $1,000 of store supplies on account from Wales Co., invoice no. 419, dated May 14. 8 14
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