7 Salem Company had the following transactions during July, 2020 July 5 Purchased merchandise on credit for $ 66,000, terms 2/10, 1/40. Paid freight charges of $1000 for merchandise purchased FOB shipping point. 9 Received a credit memorandum of $6,000 for return merchandise purchased on July 5. 15 Paid 80% of amount due to suppliers from the merchandise purchased July 5. 25 paid the rest of amount due to suppliers. Sold goods for $ 50,0000 on account to Kareem with terms of 3/15, n/30, the goods had a 26 Cost of $20,000 27 Paid freight charges cash of $500 for merchandise sold FOB destination 30 Received $40,000 cash from Kareem. Prepare the general journal entries to record the above transactions in Salem's books under Periodic inventory system