AP$-10$A

LO

$3$

The following information was presented by the bookkeeper for Switch Company for the month of January $2019.$

Jan $5$ Purchased merchandise for $$12,000$ on credit from Outdoor Pursuits, terms $\frac{1}{10},\frac{n}{30},$ FOB shipping point

Jan $5$ Switch Company paid $$25$ to have the merchandise purchased from Outdoor Pursuits delivered

Jan $12$ Purchased merchandise for $$7,000$ on credit from Cambleback, terms $\frac{2}{10},\frac{n}{30}$

Jan $14$ Returned $$300$ of the merchandise purchased on January $5$ from Outdoor Pursuits as it was defective

Jan $15$ Paid for merchandise purchased from Outdoor Pursuits on January $5$

Jan $26$ Paid for merchandise purchased from Cambleback on January $12$

Journalize the above transactions assuming that Switch Company uses a perpetual inventory system. Round all calculations to the nearest dollar.