Create a general journal for the following merchandising transactions of Ryans, which uses a perpetual inventory system and the gross method:

Jul. 1 - purchased merchandise from Wright company for $11,000 under credit terms of 1/15, n30, FOB Shipping point, invoice dated July 1.

Jul.2 - Sold merchandise to Lee Co. for $3,400 under credit terms of 2/10, n60, FOB Shipping point, invoice dated July 2. The merchandise had cost of $2,040.

Jul. 3 - Paid $1,125 cash for freight charges on the purchase of July 1.

Jul. 8 - Sold merchandise that had cost $4000 for $6700 cash

Jul. 9 - purchased merchandise from Lane Co. for $4700 under credit terms of 2/15, n60, FOB destination, invoice dated July 9.

Jul. 11 - received a $900 credit memorandum from lane company for the part of the merchandise purchased on July 9.

Jul. 12 - received the balance due from Lee company for the invoice dated July 2, net of discount.

Jul. 16 - paid the balance due to wright company within the discount period.

Jul. 19 - sold merchandise that cost $4300 to Martin Co. for $6200 under credit terms of 2/15, n60, FOB shipping, invoice dated July 19.

Jul. 21 - issued a $1200 credit memorandum to Martin Co. for an allowance on goods sold on July 19.

Jul. 24 - paid Lane Co. the balance due, net of discount

Jul. 30 - received the balance due from Martin Co. for the invoice acted July 19, net of discount

Jul. 31 - sold merchandise that cost $7200 to Lee company for $12000 under credit terms of 2/10, n60, FOB shipping point, invoice dated July 31.