ALTERNATE PROBLEMS Problem 5-1B Journal entries for merchandising activities--perpetual LO3 CHECK FIGURE: 2c. = $5,911 Part 1 Prepare general journal entries to record the following perpetual system merchandising transactions of Laser Supply Company. Use a separate account for each receivable and payable, for example, record the sol on March 2 in Accounts Receivable-Tessier & Welsh. hundan Anvendix 5A or Appendix 5B ing for Merchandising Actu Purchased $48,000 of merchandise from Johnson Suppliers paying cash. 1 Mar 2 4 5 6 Sold merchandise for $9.450 to Tessier & Welsh; terms 2/15, 1/30, FOB destination cost of sales $6,600). Purchased merchandise from Janz Company for $11,300; terms 2/15,6/45, FOB shipping point. Pald $1,540 shipping costs regarding the purchase of March 1. Sold merchandise for $10,900 to Parker Company: terms 3/5, n/eom, FOB destination (cost of sales $7,650 Purchased $18,000 of merchandise from Delton Suppliers; terms 2/10, 1/45, FOB destination. Collected the balance owing from Tessier & Welsh regarding the March 2 sale. Paid for the March 4 purchase from Janz Company. Paid for the March 10 purchase from Delton Suppliers. Collected the balance owing from Parker Company regarding the sale of March 6. 10 16 G 17 30 31