Problem $1(16$ points$)$

The Woodview Company uses a sales journal, purchases journal, cash receipts journal, cash

disbursements journal, and general journal. They use the perpetual method. The following

transactions occurred during the current month of December:

Dec $4$ Sold merchandise on credit for $$3,300$ to the A&B Co$.,$ Invoice No$.313.$ The cost

of the goods sold is $$2,145.$

$8$ Purchased merchandise on credit for $$1,800$ from the Dexter Co$.,$ terms $\frac{2}{10},\frac{n}{30}.$

Invoice dated December $8$

$10$ Sold merchandise for $$500$ cash to RAC Corp., Invoice No$.314.$ The cost of the

good sold is $$320.$

$13$ Collected $$3,300$ cash from the A & B Co$.$ for merchandise sold on December $4.$

$17$ Paid amount owed to Dexter Co$.$ from December $8$ purchase, Check No$.1011.$

$24$ Sold merchandise on credit for $$4,500$ to Dunn Corp., Invoice No$.315.$ The cost of

goods sold is $$2,925.$

$27$ Paid $$400$ cash for monthly rent to Dayton Properties, Check No$.1012.$

$31$ Purchased equipment for $$3,055$ from Fort Corp., Check No$.1013.$