consider the following perpetual System merchandising transactions of Belton company. use the separate account for each receivable and payable; Record the sale on June 1 and accounts receivable- Avery & Wiest

part 2:

based on The information provided above, calculate the following:

June 1 Sold merchandise to Avery \& Wiest for $9,500; terms 2/5,n/15, FoB destination (cost of sales $6,650). 2 Purchased $4,900 of merchandise from Angolac Suppliers; terms 1/10, n/20, FOB shipping point; 4 Purchased merchandise inventory from Bastille 5ales for $11,400; terms 1/15,n/45,F0B Bastille Sales. 5 Sold mechandise to Gelgar for $11,000; terms 2/5,n/15, FoB destination (cast of sales 51,700). 6 Collected the anount owing from Avery 8 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. Journal entry worksheet 3456 Record the sales; terms 2/5,n/15, FOB destination. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record the purchase of merchandise; terms 1/10,n/20, FOB shipping point. Note: Enter debits before credits. Journal entry worksheet Record the purchase of merchandise; terms 1/15,n/45, FOB Bastille Sales. Note: Enter debits before credits. Journal entry worksheet