22. XYZ, Ltd. distributes suitcases to retail stores and extends credit terms of 1/10, n/30 to all of its customers. At the end of June, XYZ inventory consisted of suitcases costing 1,200. During the month of July, the following merchandising transactions occurred. XYZ use perpetual inventory system 1. July 1 Purchased suitcases on account for 1,620 from ABC, FOB destination, terms 2/10, n/30. The appropriate party also made a cash payment of 100 for freight on this date. 2. July 3 sold suitcases on account to LYV for 2,200. The cost of suitcases sold was 1,400. 3. July 9 Paid ABC in full. 4. July 12 received payment in full from LYV. 5. July 17 Sold suitcases on account to NYZ for 1,400. The cost of the suitcases sold was 1,030. 6. July 18 Purchased suitcases on account for 1,900 from HMM, FOB shipping point, terms 1%/10 days, n/30. The appropriate party also made a cash payment of 125 for freight on this date. Instructions: Journalize the transactions for the month of July for Ready-Set-Go, Ltd. using a perpetual inventory system Date Dr Cr July 1 II July 2