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or relying on online solutions will receive a grade of $0$ on the assignment.

Instructions:

Complete and upload All Pages

Accounting Equation and Debit$/$Credit Rules

Complete the Accounting Equation below by placing the following account types in the proper order to

complete the accounting equation: Assets, Common Stock, Dividends, Expenses, Liabilities and

Revennes Indieate the increace side of the aremant with $"$q$"$ and the dererese side with a $"$s$"$

Purchases

I recently went to Kohl's to purchase a new winter coat for my daughter. The coat I picked out was $$100.$

Luckily, I had a $30\%$ off coupon. How much did I pay $($ignore sales tax$)?$

When I got home, my daughter informed me that the coat was hideous, and she would be embarrassed to be

seen in it$.$ I went back to Kohl's and returned the coat. How much money did they give back to me $($again$,$

ignore sales tax$)?$

Purchases $-$ part $2$

I recently went to Kohl's to purchase new Vans for my daughter. I bought her two pairs since they were on sale

for $$50$ each. Luckily, I also had a $30\%$ off coupon. How much did I pay $($ignore sales tax$)?$

When I got home, my daughter informed me that I purchased the wrong color, so I returned one pair of shoes.

How much did I get back $($ignore sales tax$)?$

Journal Entries

The following selected transactions were completed during August between Seller Company and Buyer Co$.$:

Aug. $5$: Seller Company sold merchandise on account to Buyer Co$.,$ $$66,000,$ terms FOB shipping

point, $\frac{2}{15}\frac{n}{e}om.$ The cost of the Goods sold was $$40,000$

Aug. $9$: Buyer Co$.$ paid freight of $$2,300$ on August $5$ purchase from Seller Company.

Aug. $15$: Seller Company sold merchandise on account to Buyer Co$.,$ $$58,700,$ terms FOB shipping

point, $\frac{1}{10},\frac{n}{30}.$ Seller Company paid freight of $$1,675,$ which was added to the invoice. The cost of

the goods sold was $$35,000.$

Aug. $20$: Buyer Co$.$ paid Seller Company for purchase of August $5.$

Aug. $25$: Buyer Co$.$ paid Seller Company for purchase of August $15$

Journalize the August transactions Buyer Co on the following page. Show your calculations.