Question: Record these transactions for July, 2022 Batch 1 July 2 Purchased $2,000 of Inventory on account, terms 1/20, n/45. (Tax rate:13%) July 7 Sold to

Record these transactions for July, 2022

Batch 1

July 2 Purchased $2,000 of Inventory on account, terms 1/20, n/45. (Tax rate:13%)

July 7 Sold to Zoe Financial Company on credit terms 2/15, n/30 $3,000. (Tax rate:13%)

Batch 2

July 15 Paid salaries for 2 employees: Luo Jie, $1,300 cheque #10 and Zheng Rui, $1,600 cheque #15

July 17 Paid for the July 2 purchase on cheque #20.

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