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 & Wiest for $$9,650$; terms $\frac{2}{5},\frac{n}{15},$ FOB destination $($cost of sales $$6,800).$

$2$ Purchased $$5,050$ of merchandise from Angolac Suppliers; terms $\frac{2}{10},\frac{n}{20},$ FOB shipping point.

$4$ Purchased merchandise inventory from Bastille Sales for $$11,700$; terms $\frac{1}{15},\frac{n}{45},$ FOB Bastille Sales.

$5$ Sold merchandise to Gelgar for $$11,300$; terms $\frac{2}{5},\frac{n}{15},$ FOB destination $($cost of sales $$7,850).$

$6$ 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.

$$ l $q,$

$\backslash$table$[[,$No$,$Date,General Journal,Debit,Credit$],[2,1,$June $01,$No Transaction Recorded,,$],[\%,2,$June $01,$No Transaction Recorded,,$],[->,,,,,],[,,,,,],[,,,,,],[0,\backslash$table$[[4,]],$June $04,$No Transaction Recorded,,$],[,5,$June $05,$No Transaction Recorded,,$],[\%,6,$lune $05,$No Transaction Recorded,,$],[,,7,$June $06,$No Transaction Recorded,,$],[,8,$luno $12,$Mo Transaction Rorardod,,$],[,,,,,],[\backslash$theta $,9,$June $20,$No Transaction Recorded,,$],[,,,,,],[\backslash$theta $,10,$June $30,$No Transaction Recorded,,$]]$ Part $2$:

Based on the information provided above, calculate the following:

a$.$ Calculate Net sales.

Net sales

b$.$ Calculate Cost of goods sold.

Cost of goods sold

c$.$ Calculate Gross profit from sales.

Gross profit from sales