Record the following transactions for Sparky's Pet Shop using the general journal form provided below. Assume Sparky's uses a perpetual inventory system. Omit transaction descriptions from entries.
Date
Transaction
Aug. 1
Purchased $6,000 of merchandise on account, terms 2/10, n/30.
3
Returned $1,500 of merchandise purchased on August 1 due to defects.
7
Recorded cash sales for the first week of August, $9,750; cost of the merchandise was $4,000.
10
Made sale on account to a local breeder for $500, terms 1/10, net 30; cost of the merchandise was $200.
11
Paid for the merchandise purchased on August 1, less return.
20
Received payment from sale of August 10. The customer took the discount.
If an amount box does not require an entry, leave it blank.