10. value 5.00 points July 1 Purchased merchandise from Black Company for $6,900 under credit terms of 2/15, n/30, FOB shipping point, invoice dated July 1. 2 Sold merchandise to Coke Co. for $950 under credit terms of 3/10, n/60, FOB shipping point, invoice dated July 2. The merchandise had cost $575. 3 Paid $105 cash for freight charges on the purchase of July 1. 8 Sold merchandise that had cost $2,200 for $2,600 cash. 9 Purchased merchandise from Lane Co. for $2,450 under credit terms of 3/15, n/60, FOB destination, Invoice dated July 9. 11 Received a $450 credit memorandum from Lane Co. for the return of part of the merchandise purchased on July 9. 12 Received the balance due from Coke Co. for the invoice dated July 2, net of the discount. 16 Paid the balance due to Black Company within the discount period. 19 Sold merchandise that cost $900 to AKP Co. for $1,350 under credit terms of 3/15, n/60, FOB shipping point, invoice dated July 19. 21 Issued a $225 credit memorandum to AKP Co. for an allowance on goods sold on July 19. 24 Paid Lane Co. the balance due after deducting the discount. 30 Received the balance due from AKP Co. for the invoice dated July 19, net of discount. 31 Sold merchandise that cost $5,700 to Coke Co. for $7,400 under credit terms of 3/10, n/60, FOB shipping point, invoice dated July 31. Prepare journal entries to record the above merchandising transactions of Bask Company, which applies the perpetual inventory system. (Identify each receivable and payable; for example, record the purchase on July 1 in Accounts Payable-Black.) (Round your answers to nearest dollar amount. Omit the "$" sign" in your response.) As indicated, all payments received the eligible discounts. Date July 1 General Journal (Click to select) (Click to select) 2 (Click to select) 3 (Click to select) (Click to select) (Click to select) (Click to select) (Chok to select) B (Click to select) (Cick to select) 9 00 0 Debit Credit