The following selected transactions were completed during August between Summit Company and Beartooth Co.:

Aug. 1.	Summit Company sold merchandise on account to Beartooth Co., $52,300, terms FOB destination, 2/15, n/eom. The cost of the goods sold was $28,630.
2.	Summit Company paid freight of $1,060 for delivery of merchandise sold to Beartooth Co. on August 1.
5.	Summit Company sold merchandise on account to Beartooth Co., $71,730, terms FOB shipping point, n/eom. The cost of the goods sold was $37,570.
9.	Beartooth Co. paid freight of $2,280 on August 5 purchase from Summit Company.
15.	Summit Company sold merchandise on account to Beartooth Co., $53,700, terms FOB shipping point, 1/10, n/30. Summit paid freight of $1,565, which was added to the invoice. The cost of the goods sold was $36,790.
16.	Beartooth Co. paid Summit Company for purchase of August 1.
25.	Beartooth Co. paid Summit Company on account for purchase of August 15.
31.	Beartooth Co. paid Summit Company on account for purchase of August 5.

Required:

1. Journalize the August transactions for Beartooth Co. (the buyer).

Date	Account	Debit	Credit
Aug. 1	Inventory	fill in the blank 2
	Accounts Payable-Summit Company		fill in the blank 4

Date	Account	Debit	Credit
Aug. 5	Inventory	fill in the blank 6
	Accounts Payable-Summit Company		fill in the blank 8

Date	Account	Debit	Credit
Aug. 9	Cost of Goods Sold	fill in the blank 10
			fill in the blank 12

Date	Account	Debit	Credit
Aug. 15		fill in the blank 14
			fill in the blank 16

Date	Account	Debit	Credit
Aug. 16		fill in the blank 18
			fill in the blank 20

Date	Account	Debit	Credit
Aug. 25		fill in the blank 22
			fill in the blank 24

Date	Account	Debit	Credit
Aug. 31		fill in the blank 26
			fill in the blank 28

2. Journalize the August transactions for Summit Company (the seller).

Date	Account	Debit	Credit
Aug. 1		fill in the blank 30
			fill in the blank 32

Date	Account	Debit	Credit
Aug. 1		fill in the blank 34
			fill in the blank 36

Date	Account	Debit	Credit
Aug. 2		fill in the blank 38
			fill in the blank 40

Date	Account	Debit	Credit
Aug. 5		fill in the blank 42
			fill in the blank 44

Date	Account	Debit	Credit
Aug. 5		fill in the blank 46
			fill in the blank 48

Date	Account	Debit	Credit
Aug. 15		fill in the blank 50
			fill in the blank 52

Date	Account	Debit	Credit
Aug. 15		fill in the blank 54
			fill in the blank 56

Date	Account	Debit	Credit
Aug. 15		fill in the blank 58
			fill in the blank 60

Date	Account	Debit	Credit
Aug. 16		fill in the blank 62
			fill in the blank 64

Date	Account	Debit	Credit
Aug. 25		fill in the blank 66
			fill in the blank 68

Date	Account	Debit	Credit
Aug. 31		fill in the blank 70
			fill in the blank 72