At the beginning of June 2024, Bramble Distributing Company's ledger showed Cash $17,000, Merchandise Inventory $5,100, and D. Bramble, Capital $22,100. During the month of June, the company had the following selected transactions: June 1 2 5 6 6 7 10 10 12 14 15 19 20 Purchased $8,800 of merchandise inventory from Sun Supply Co., terms 1/15, n/30, FOB destination. The correct company paid $240 cash for freight charges on the June 1 purchase. Sold merchandise inventory to Moose Jaw Retailers for $12,500. The cost of the merchandise was $7,700 and the terms were 2/10, n/30, FOB destination. Issued a $1,000 credit for merchandise returned by Moose Jaw Retailers. The merchandise originally cost $616 and was returned to inventory. The correct company paid $290 freight on the June 5 sale. Purchased $770 of supplies for cash. Purchased $4,250 of merchandise inventory from Fey Wholesalers, terms 2/10, n/30, FOB shipping point. The correct company paid $110 freight costs on the purchase from Fey Wholesalers. Received a $300 credit from Fey Wholesalers for returned merchandise. Paid Sun Supply Co. the amount due. Collected the balance owing from Moose Jaw Retailers. Sold merchandise for $7,100 cash. The cost of this merchandise was $4,600. Paid Fey Wholesalers the balance owing from the June 10 purchase Made a $460 cash refund to a cash customer for merchandise returned. The returned merchandise had a cost of $298. The merchandise was damaged and could not be resold. Sold merchandise to Bauer & Company for $4,400, terms n/30, FOB shipping point. Bramble's cost for this merchandise was $2,900. Set up general ledger accounts for Merchandise Inventory, Sales, Sales Returns and Allowances, Sales Discounts, and Cost of Goods Sold. Enter the beginning Merchandise Inventory balance, post the transactions, and calculate the balances for each account. (Post entries in the order of journal entries presented in the previous part.)