answer requirement 2 for july 18 and july 31st , and also answer requirement 3 please answer completely or dont answer i attached the account names so please make sure those are the names you put for the answer.

1. Journalize these transactions on the books of Highland Furnishings using the perpetual inventory system. 2. Journalize these transactions on the books of M and L Furniture Warehouse using the perpetual inventory system. 3. Calculate M and L Furniture Warehouse's net sales. Transactions July 4 Highland Furnishings purchased $10,000 of merchandise from M and L Furniture Warehouse on account. Terms, 2/15,n/30, FOB shipping point. The goods cost M and L Furniture Warehouse $2,800. July 7 Highland Furnishings paid a $125 freight bill for delivery of the goods purchased on July 4. July 10 Highland Furnishings returned $1,200 of the merchandise purchased an July 4 . The goods cost July 18 Highland Furnishings paid $1,600 of the July 4 invoice less the discount. July 31 Highland Furnishings paid the remaining amount owed on the July 4 invoice. July 18: Highland Furnishings paid $1,600 of the July 4 invoice less the discount. (Record debits first, then credits. Exclude explanations from journal entries.) July 4 Highland Furnishings purch Accounts Payable Accounts Receivable Cash Cost of Goods Sold Inventory Sales Discount Sales Returns Sales Revenue 1. Journalize these transactions on the books of Highland Furnishings using the perpetual inventory system. 2. Journalize these transactions on the books of M and L Furniture Warehouse using the perpetual inventory system. 3. Calculate M and L Furniture Warehouse's net sales. Transactions July 4 Highland Furnishings purchased $10,000 of merchandise from M and L Furniture Warehouse on account. Terms, 2/15,n/30, FOB shipping point. The goods cost M and L Furniture Warehouse $2,800. July 7 Highland Furnishings paid a $125 freight bill for delivery of the goods purchased on July 4. July 10 Highland Furnishings returned $1,200 of the merchandise purchased an July 4 . The goods cost July 18 Highland Furnishings paid $1,600 of the July 4 invoice less the discount. July 31 Highland Furnishings paid the remaining amount owed on the July 4 invoice. July 18: Highland Furnishings paid $1,600 of the July 4 invoice less the discount. (Record debits first, then credits. Exclude explanations from journal entries.) July 4 Highland Furnishings purch Accounts Payable Accounts Receivable Cash Cost of Goods Sold Inventory Sales Discount Sales Returns Sales Revenue