Brief Exercise 6-34 Recording Purchase and Sales Transactions Raymond Company and Gees in Company both use a perpetual inventory system. The following transactions occurred during the month of January Jan Raymond purchased 55,000 of merchandise on account from Goodlin with credt terms of 2/10,w2o. The cost of the merchandise was $3,750. Assume that Geesin uses the net method to record s Raymond returned $500 of merchandise to Geesin. The cost of the merchand 10 Raymond advice totaling $3,000 to Geest for the merchandise purchased on a 30 Raymondpad Gees the balance de o d transaction, amount box does not rentre Prepare the maleries to record these transactions on the book of Raymond yond Remed med (Recorded payment within discount period) Check My Werkmore Check My Work uses remaining Previous Not > All work saved Email Instructor Save and Suitsignment for Grading / T / YUIO G H J K recorded payment within discount period) Jan. 30 (Recorded payment outside of discount period) Prepare the journal entries to record these transactions on the books of Geeslin. (Record sale to customer) (Recorded cost of merchandise sold) Jan. 8 (Recorded return of merchandise) (Recorded cost of merchandise returned) Jan. 10 (Recorded recept within discount Jan. 30 Check My Work 5 more Check My Work Previous tems Email Instructor Save and Exit Submit Assignment for (Record sale to customer) (Recorded cost of merchandise sold) (Recorded return of merchandise) (Recorded cost of merchandise returned) (Recorded receipt within discount period) (Recorded receipt outside of discount period) Check My Work 5 more Check My Works Previous 2 items All work saved mal instructor Save and Et Submit Assigne F G