5 Co Corse specs to record transactions H perpetual retory w o maise the following transactions th All credit sales have 2/10, 30 m ow roate Now They purchased 35.500 of merchandise rom a The word merchandise og 55.250 to Lovel Company 100 m 2 7 The owner. L. Gorwey.contributed $15,000 shto the company The company purchased 37,200 of merchandise on credit from Gerry Companys 1/ 10 The company sorarthane cost $4630 Company for $20 incino 14 P recedent from Lee Company for the m a in the 10 Hean a paid salaries of $500 for the half of the month, check no. 214 TO Heath Creturned 31,200 of the merchandise purchased on November in entry Comp 20 t h Co, pard Gerry for the purchase on November in the discount period, check 22 Help Co purchased once equipment from Vale Cocosing $12,000 ord me Sales Journal Date Debited Account Invoice Number Accounts Receivable Cost of Ge PR Dr. Dr. Sales Cr. Inventory Purchases Journal Date Account Date of Invoice Accounts Inventory Terms PR Payable Cr. Dr. Office Supplies Dr Cash Receipts Journal Cost of Accou Dat nt Explanatip Cas Sales Accounts Other Goods e Credit on R h Discou Receivab Accoun Sold Dr. abs Cr. "Dr. nt Dr. le Cr. ts Cr. Invento