You are provided with the progress totals as at close of business August 20 Continue recording the following transactions in the appropriate journals. Remember: Bright Spot CREDIT SALE TERMS are 2/10, n/30. DAILY TRANSACTIONS IN DATE ORDER Aug. 21 Paid Baker Supplies for August 15 invoice with Cha#471 CASH RECEIPTS JOURNAL Received invoice from supplier, Lamphouse, $8,540 terms 2/10,n30 DEBITS CREDITS Paid Sales Salaries $1,800 and Office Salaries $700 with Chq#472 Date Account Bank Disc. Allow Sales A/Rec's Rec'd payment from customer Light Fantasy. Invoice issued August 11 for $5,000 Aug. 20 Progress totals 56,073.50 401.50|32,450.00 24,025.00 Aug. 22 Proprietor withdrew $800 cash for personal use. Chq#473 Aug. 23 Sales for the day were: way wees Cash Sales $8,000 Rec'd payment from customer PTsu. Invoice dated August 14 for $3,250 nom Aug. 25 Received invoice from supplier, Phullops Lamps, $5,200 terms 2/10,n30 Sales for the day were: day we Cash Sales $2,300 A McConnell A $4,000 Rec'd payment from customer P Hogan. Invoice dated August 15 for $2,300 Aug. 26 Rec'd invoice from Baker Supplies. $4,000 terms n/30 Proprietor wishes to incorporate, legal advice fee $350. Paid Ch#474 Aug. 27 Sales for the day were: Cash Sales $1,000 P Tsu $3,000 incl. $35 delivery charge Aug. 28 Paid supplier, Rubber Barons $45 Cha#475. Invoice dated Aug 1 terms n/30 Progress totals Sparkle Lighting Ltd. Delivery of goods C.O.D. Paid in full $5,000 with Chq#476 Paid Sales Salaries $1,800 and Office Salaries $700 with Chq#477 Aug. 29 Received payment from customer, W Harrigan. Inv. dated August 19 for $650. CASH PAYMENTS JOURNAL Sales for the day were: DEBITS CREDITS Cash Sales $800 Date Account Cheque # Other Acc's A/Payable Bank Disc. Rec'd P Hogan $2,500 Aug. 20 Progress totals 8093.00 43250.00 50505.00 838.00 J Roberts $1,200 incl. $25 delivery charge Aug. 30 Received invoice from supplier. Cable Kings, $12,500 terms 2/10,n30 Paid Baker Supplies $750 Chq#478. Invoice dated Aug 2 terms n/30 Paid Lamphouse. Chq#479, Invoice dated Aug.21 Received cheques from customers, N Smith and B Yang, to settle their Aug. 20 purchases. N Smith N $4,680 B Yang $3,500 N Smith remittance advice includes $250 payment for July account outstanding. EOM totals Inv Date Aug. 20 PURCHASE JOURNAL Account name Terms Purchases A/Payable Progress totals 14,110.00 14,110.00 EOM totals Inv Date Aug. 20 SALES JOURNAL Account name Sales Progress totals 47,755.00 Deliv. Exp /Receivable 275.00 48,030.00 EOM totals