3- Principles of Accounting... Become 17 Paid for the past 2 promowane OSS. Merchandise purchase trade discount, return-perpetual 3 Prepare journal entries to recontrach of the following transactions of merch any supporting calculations. Assume a perpetuovatory ustem M 5 Pure 500 units of product with perut. The purchase 20 them of the sole were 2/10.100 7 Returned 50 defective is to the church and receivilomat 15 Pad the amounts resulting from the Mach purchase the wron Mart QS 5-5 Sale of merchandise: trade discount--perpetual los As a co-op student, you are working as an accounts receivable clerk at Asian you to record a customer pipment from an and La Ca The sales invoice is $1,000 of tea and taploca pearls. The aiment terms are 1/20, 1,00 a. Determine the beginning and end date of the discount period. b. Calculate the discount amount available. c. If today is October 20, record the journal entry d. If today is October 23, record the journal entry US 5-10 Sale of merchandise transactions perpetual L03 Journalise each of the following transactions assuming a perpetual inventory Sept 1 Sold merchandise to Jerr for 50.000 cost of a 14.2001 terms 2/10/30 14 Collected the amount owing regarding the September is to 15 Sold merchandise contg 51 500 to Dennis Leval for $1.800 em 2/10.30 25 Collected the amount owing from the September 15 sale to Dennis Laval, less the OS 8.11 of merchandise: allowance-perpetual L03 Houmalize each of the following transactions assuming a perpetual inventory Oct. 15 Sold merchandise to Lee Garth for 1900 cost of sales 5600 mm 1/5, 12 16 issued a 5100 credit momo 10 Lesle Garth regarding allowance on the Octobe 25: Colected the amount owing regte October 15 to Leslie Garth, the 56 CHAPTES Accounting for Men