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Bridgenart Warehouse distributes suitcases to retail stores and extends credit terms of ruzo to all of its customsers Eridgeport Warehoose uses a perpetual inmervory system the earnings approach. At the end of fune its inventory conesited of 25 suiteases purchased at 530 each. During the month of July, the following merchandising transactions occurred: July 1 Purchased 50 suitcases on account for $30 each from Trunk Manutacturers. terms n/30. FOB destination. 2. The correct company pald 5130 freight on the July 1 purchase, 4 Received $150 credic for fivesuitcases returned to Trunk Marifacturers because they were damaged. 10 Sold 45 witcases that cost 530 eact to 5 atchel Worid for $55 exch on yccount. 12. Isseed a 5275 credit for frue suitcases returned by 5 atchel World because they were the wrong colour: The suitcases Were returned to inveniory. 15. Purchased 60 additional suitcases from Trunk Manufacturersfor $27,50 each, terms r 30. FOB shipping point. 18 Pald $150 freight to AA Trucking Corgaany for merchandise purchased from Trunk Manufactureer. 21 Sold 54 suitcases that cont $30 each to fly-By:Night for $55 eachonaccount. 23. Give Fly.By-Night a $110 credit for two returned suitcases. The suitcases thad been damaged and were sent to the recyclers. 30 Past Trunk Manutacturers for the July 1 purchase: 31. Received balance owing from Satchel World amount is entered. Do not indent manually, If no miry is reauired, select "No Entry" for the occount 1ities and enter O for the amounts Record journal entries in the order presented in the probler.! (Torecord saleson account) (To fecord cost of goods vald? (Ta rocord sales eenurn) (Cost of goods fetumned) (Purchase on account.) (To record freight on surchase) (To fecord sales an axcount] [Torecord cost of goodssold] forceors coel cr gond mid? Topoordatespeturn] Permert on acocunt)