2 - Journal Entries for Merchandise Transactions-Perpetual System Webster Company was established on July 1. sales termes are 210 Credit term for purchases wary with the Selected rooms for the first month of operations are genees transactions are on account and the merchandised for real Webster Company was the perpetrystem MV 1 Puchardstrom the 2 Purchased to con Pedro S So mundo 0100117 Paiden han War. Oysa Returned the common the 10 int. the amount to dos hom Dom Catho 1 Paidestrom Domom 15 ved the amount 15 Somerhandsby 10 Mostro Dont Comment 19 Paid Bomoaren Heque Prepare the necessary journal entries for the Webthe company GENERAL JOURNAL TO course Required Prepare the necessary journal entries for the Webster Company. GENERAL JOURNAL Date Description July 1 Debit Credit $ 015 0 Purchases from Dawson, Inc., 1/10, n/30. . 0 0 2 0 O . Purchases from Penn Company, 2/10, 1/30 0 0 3 0 0 O Paid freight on Dawson shipment 0 5 . OO Sales to Ward, Inc 5 0