Oona's Bakery makes breads and other baked goods for sale to the public. Business is booming and management is looking to expand the operation. They decided to purchase a new state-of-the-art rotary oven in which 100 loaves of bread can be baked at a time. The oven was purchased on Jul. 01, 2022 from Rick's Appliances for $72,000 with terms of 3/13, n/30. The oven was delivered on Jul. 02, 2022, and Oona's Bakery paid the freight bill, which came to $3,318, on the same day. Oona's Bakery hired an electrician to hook up the oven, which cost $7,125, and was paid in full on Jul. 04, 2022. The new oven looked so sparkly that management decided to pay a cleaning company to deep clean all the other appliances to make them just as brilliant. This cost $1,318, which was paid on Jul. 08, 2022. Finally, Oona's Bakery paid Rick's Appliances the amount owing to them on Jul. 13, 2022. Prepare all the journal entries for July, as described above

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Sure Here are the journal entries for the transactions described July 1 2022 Eq... View the full answer