Montalvo Company uses special journals and a general journal. The following transactions occurred during September 2010.

Sept. 2

Sold merchandise on account to T. Hossfeld, invoice no. 101, $720, terms n/30.The cost of the merchandise sold was $420.

10

Purchased merchandise on account from L. Rincon $600, terms 2/10, n/30.

12

Purchased office equipment on account from R. Press $6,500.

21

Sold merchandise on account to P. Lowther, invoice no. 102 for $800, terms 2/10, n/30. The cost of the merchandise sold was $480.

25

Purchased merchandise on account from W. Barone $860, terms n/30.

27

Sold merchandise to S. Miller for $700 cash.The cost of the merchandise sold was $400.

Instructions

(a) Prepare a sales journal and a single column purchase journal.

(b) Record the transaction(s) for September that should be journalized in the sales journal and the purchases journal.