calculate net sales, cost of goods sold and gross profit from sales

Port 1: Consider the following perpetual system merchandising transactions of Belton Company. Use a separate account for each receivable and payable; for example, record the sale on June 1 in Accounts Receivable-Avery \\& Wiest. June 1 Sold merchandise to Avery 8 wiest for \\( \\$ 9,700 \\); terns \\( 2 / 5, \\mathrm{n} / 15 \\), foo destination (cest of sales \\( \\$ 6,850 \\) ). 2. Nurchased 55,180 of nerchandise from Argolac Suppliers; terms \\( 3 / 10, \\mathrm{n} / 20 \\), roe shipping point. 4 Purchased errchandise inventory from Bastille sales for \\( \\$ 11 \\), Hae, terms 3/15, a/45, foe Bastille Sales. 6 Collected the asount owing from Avery 4 wiest reganding the Juhe 1 sale. 12 Pald Aneolac Suppliers for the June 2 purchate. 20 Cellected the amount owing froe Gelgar regarding the June sale. 30 Paid Bartilie sales for the June 4 purchase. Prepare General Journal enties to record the atove transactions