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Bargain Wholesalers sells pet supplies to retallers, including Pet World Supplies. Bargain Wholesalers uses a perpetual inventory system and records sales discounts usin the net

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Bargain Wholesalers sells pet supplies to retallers, including Pet World Supplies. Bargain Wholesalers uses a perpetual inventory system and records sales discounts usin the net method. Journalize the following transactions on the books of Bargain Wholesalers: May 4 Sold inventory on account to Pet World 5 upplies for $8,250, terms 1/10,n/30. The cost of the merchandise soid was $5,755. 7 Sold inventory on account to Pet Worid Supplies for $10,985, terms 1/10,n/30. The cost of the merchandise sold was $6,925. 13 Received payment on account from Pet world Supplies for the balance due on both invoices. If an amount box doos not require an entry, leave it blank, If required, round your answers to two decimal places

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