2VA0 Sign On Course: ACC-120-YF21N 201 ters 3& 4) Saved transactions of Lowe's, which uses the perpetual inventory system and are journal entries to record the following merchandising tra pross method. (Hint: It will help to identify each recelvable and payable; for example, record the purchase on August 1 in Accounts edit terns ot 1/10, a/3e, ros destinat.on, invoice Purchased merchandise from arom company for $9,000 under er dated Aagust 1 August 5. The merchandise had cost $4,000 point, invoice dated August to Baird corp. tor $6,300 under credit ters of 2/O, n/6, FoB destination, invoice dated Waters Corporation for $8,000 under credit terms of i/10, /43, FoB 8 Puzchased merchandise from f 9 Paid $120 cash tor shipping charges related to the August s sale to Baird corp. 10 Baird returned merchandise from the August 5 sal that had cost Love's se vas restored to inventory 12 Atter negotiations vith Waters Corporation concerning problems with the parchases on received a credit senorandun parchased. trom Waters granting a price reduction of 5800 ott the $8,000 of goods 14 At Aron's request, Lowe's paid $210 cash tor treight charges on the August 1 pur S Received balance due tren Baird Corp. tor the swat,ale iea, the return ca Aagat it s soid nerchandise to Tux Co. tor 5,409 uder eredit uerss ot n/io, ros shipping point, rchase, reducing the anouint oued to kron. nount, due atera corporation for the August s parchare Less the price allovance from Auguat 12. 19. The serchandise had cost $2,700 Lowe's sent Tux a eredit requested a peice reduction on the Auguat is aale because Che erchandise dia not 22 Tux S,00 credit menor asan toward t5a.ss.400 invoice to resolvethe an. caan payment tor the anount due tro. the Aipsat , "le less the price Allowance fm, Aap at - 00 Faid Acos Company the anoust due trom the August parchase Journal entry worksheet 16 Purchased merchandise from Aron Company fer $9,000 under credit terms of 1/10, n/30, FOB destination, ifwoice dated August 1