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 ReceivableAvery & Wiest.

June	1	Sold merchandise to Avery & Wiest for $9,300; terms 3/5, n/15, FOB destination (cost of sales $6,450).
	2	Purchased $4,700 of merchandise from Angolac Suppliers; terms 2/10, n/20, FOB shipping point.
	4	Purchased merchandise inventory from Bastille Sales for $11,000; terms 2/15, n/45, FOB Bastille Sales.
	5	Sold merchandise to Gelgar for $10,600; terms 3/5, n/15, FOB destination (cost of sales $7,500).
	6	Collected the amount owing from Avery & Wiest regarding the June 1 sale.
	12	Paid Angolac Suppliers for the June 2 purchase.
	20	Collected the amount owing from Gelgar regarding the June 5 sale.
	30	Paid Bastille Sales for the June 4 purchase.

Prepare General Journal entries to record the above transactions.

Record the sales; terms 3/5, n/15, FOB destination.

Record the cost of sales.

• Record the purchase of merchandise; terms 2/10, n/20, FOB shipping point.
• Record the purchase of merchandise; terms 2/15, n/45, FOB Bastille Sales.
• Record the sales; terms 3/5, n/15, FOB destination.
• Record the cost of sales.
• Record the collection for Avery & Wiest.
• Record the payment for Angolac Suppliers.
• Record the collection.
• Record the payment.