1. Atkinson Building Supplies had the following transactionsduring August. Atkinson uses a perpetual inventory system. Usingthe accounts listed below and the journal paper provided,journalize the transactions in proper form. Indicate noentry if appropriate. Omit explanations.

              

.              Cash                                                               Dividends

                 Supplies                                                         Sales

                 PrepaidInsurance                                          Sales Returns and Allowances

                 PrepaidRent                                                  Sales Discounts

                 MerchandiseInventory                                 Cost of Goods Sold

                 Accounts Receivable                                    Wages Expense

                 Allowance for UncollectibleAccounts         Insurance Expense     

                 Equipment                                                     Supplies Expense

                 Accumulated DepreciationEquipment          UtilitiesExpense                    

                 AccountsPayable                                           Interest Expense

                 Notes Payable                                                          Depreciation Expense

                 UnearnedRevenue                                         Bad Debt Expense

                 InterestPayable                                              Discount Expense

                 Common Stock                                             Rent Expense

                 Paid in Capital in Excess of ParValue          IncomeSummary                               

                 RetainedEarnings                                                                

  

Aug. 1 Borrowed $8,000 on a 6 month note payable at 3%interest.

Aug. 2 Paid $1,500 for a one-year insurance policy.

Aug. 3 Rented office space and paid the August rent of $800.

Aug. 4 Purchased equipment costing $15,000 for $4,000 cash andthe remainder on

            credit

Aug. 5 Purchased supplies on account for $400.