2 Part 1: Consider the following perpetual system merchandising transactions of Belton Company. Use a separate account for each receivable and payable, for example, record the sale on June 1 in Accounts Receivable-Avery & Wiest. 10 points eBook June 1 Sold merchandise to Avery & Wiest for $9,950; terms 2/5, 1/15, FOB destination (cost of sales $7,100). 2 Purchased $5,350 of merchandise from Angolac Suppliers; terms 2/10, n/20, FOB shipping point. 4 Purchased merchandise inventory from Bastille Sales for $12,300; terms 1/15, n/45, FOB Bastille Sales. 5 Sold merchandise to Gelgar for $11,900; terms 2/5, n/15, FOB destination (cost of sales $8,15e). 6 Collected the amount owing from Avery & Wiest regarding the June 1 sale. 12 Paid Angolac Suppliers for the June 2 purchase. 20 Collected the amount owing from Gelgar regarding the June 5 sale. 30 Paid Bastille Sales for the June 4 purchase. Prepare General Journal entries to record the above transactions Print References View transaction list Journal entry worksheet 2 3 4 5 6 7 8 9 10 Record the sales; terms 2/5, n/15, FOB destination. 2 View transaction list X: oints 10 1 Record the sales; terms 2/5, n/15, FOB destination. eBook 2 Record the cost of sales. Print 3 Record the purchase of merchandise; terms 2/10, n/20, FOB shipping point. References 4 Record the purchase of merchandise; terms 1/15, n/45, FOB Bastille Sales. Sredit th Record the sales; terms 2/5, n/15, FOB destination. 6 Record the cost of sales. Record the collection for Avery & Wiest. Note: journal entry has been entered Record entry Clear entry View general journal 2 View transaction list X 10 points 10 > 4 Record the purchase of merchandise; terms 1/15, n/45, FOB Bastille Sales. eBook Print 5. Record the sales; terms 2/5, n/15, FOB destination. References 6 Record the cost of sales. 2 7 Record the collection for Avery & Wiest. redit 8 Record the payment for Angolac Suppliers. 9 Record the collection. 10 Record the payment. Note : = journal entry has been entered Record entry Cleur entry View general journal Me