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 nerchandise to Avery $ Wiest for 39 , eses ; terns 2/5,/15, Fo destination (cost of sales 56,2e0). 2. Purchased 54,450 of nerchandise fron Angolat Suppliers; teras 2/10, n/2e, Foh thipping point. 6 cotlected the anount oving fron Avery o wiest regarding the June 1 sale. 12 Paid Angolac Suppliers for the June 2 purchase. 20 Cotlected the aneint ouing from Gelgar reqarding the June 5 sate. 30 Paid Bastinle sales for the June 4 purchase. Prepare Generai Journal entries to record the above transactions. Journal entry worksheet Part 2: Based on the information provided above, calculate the following: a. Calculate Net sales. b. Calculate Cost of goods sold. c. Calculate Gross profit from sales