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B H Question 2 Presented below are transactions related to Alpine Beverages Ltd: On 3 May 2019, Alpine Beverages Ltd made a sale of inventory

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B H Question 2 Presented below are transactions related to Alpine Beverages Ltd: On 3 May 2019, Alpine Beverages Ltd made a sale of inventory to a customer for $42,000, terms 2/10, n/30. The cost of the inventory sold was $25,000. ii. On 8 May 2019, the customer from the transaction on 3 May was granted an allowance of $3,000 relating to that purchase. ifi. On 13 May 2019, Alpine Beverages Ltd received the balance due from the customer. Required: a. Prepare general journal entries to record the three transactions listed above. Alpine Beverages Lid uses a perpetual inventory system. b. Assume that Alpine Beverages Lid received the balance due from the customer on 2 June 2019, instead of 13 May 2019. Prepare the general journal entry to record the receipt of payment on 2 June 2019

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