At the beginning of September 2021, Stojanovic Distributing Company's ledgershowed Cash $12,500, Merchandise Inventory $7,500, and D. Stojanovic, Capital, $20,000. Stojanovic uses the perpetual inventory system and the earnings approach. During the month of September, the company had the following selected transactions: Sept. 2 Purchased $13,500 of merchandise inventory from Moon Supply Co., terms 1/15, n/30, FOB destination. 4 5 6 6 8 10 10 10 10 12 15 559 15 19 20 20 25 25 The correct company paid $325 cash for freight charges on the September 2 purchase. Sold merchandise inventory to Brandon Retailers for $18,000. The cost of the merchandise was $11,310 and the terms were 2/10, n/30, FOB destination. Issued a $1,400 credit for merchandise returned by Brandon Retailers. The merchandise originally cost $890 and was returned to inventory. The correct company paid $420 freight on the September 5 sale. Purchased $900 of supplies for cash. Purchased $6,450 of merchandise inventory from Tina Wholesalers, terms 2/10, n/30, FOB shipping point. The correct company paid $150 freight costs on the purchase from Tina Wholesalers. Received a $450 credit from Tina Wholesalers for returned merchandise. Paid Moon Supply Co. the amount due. Collected the balance owing from Brandon Retailers. Sold merchandise for $10,875 cash. The cost of this merchandise was $6,855. Paid Tina Wholesalers the balance owing from the September 10 purchase. Made a $750 cash refund to a cash customer for merchandise returned. The returned merchandise had a cost of $470. The merchandise was damaged and could not be resold. 30 Sold merchandise to Dragen & Company for $6,420, terms n/30, FOB shipping point. Stojanovic's cost for this merchandise was $4,050. Instructions Stojanovic uses a perpetual inventory system. a) On Appendix A, post the opening balance of the month for each account and prepare the journal entries for the month. Explanations are not necessary. b) On Appendix B, post your journal entries in the General Ledger T- accounts and calculate their balances at the end of the month c) On Appendix C, prepare a Trial Balance dated end of the month, using the balances from your T-accounts. d) On Appendix D, prepare the business financial statements at the end of the month: multistep income statement, statement of owner's equity and Balance Sheet.