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Complete the requirement assuming periodic inventory system

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Spindle Company uses a Sales Journal, a Purchases Journal, a Cash Receipts journal, a cash Disbursements Journal, General Journal. The Following transactions occurred during the month of February 2014.   

Feb.2   Sold merchandise to S. Mayer for $450 cash, invoice #5703.Cost, $200.

7   Sold merchandise to J.Eason for $1,150, terms 2/10, n/30, invoice #5704. Cost, $700.
8   Borrowed $8,000 by giving a note to the bank.
12   Sold merchandise to P.Lathan for $320, terms n/30, invoice #5705. Cost, $170.
16   Received $1,127 from j. Eason to pay for the purchase of February 7.
19   Sold used store equipment to Whiten, Inc., for $900 cash.
25   Sold merchandise to S. Summers for $550, terms n/30, invoice #5706. Cost, $300.

a)  Complete the requirement assuming a periodic Inventory system 

Reference no: EM13966070

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