ehouse distributes books to retail stores. The company purchases all merchandise inventory on credit and uses a perpetual inventory system. During Jaly, the following merchandise transactions occurred: Date Transactions July 1 Purchased merchandise on account for AED6,500 from Field Publisher, FOB shipping points, terms 2/10, n/30 July 3 Paid freight on purchase of merchandise amounting to AED150. July 5 Received credit from Field Publisher for merchandise returned AED400 July 9 Paid Field Publisher in full. July 14 Sold merchandise on account to Bean Bookstore for AED4,800 terms 1/10, n/30. The merchandise sold had a cost of AED3,900. Granted Bean Bookstore AED350 for merchandise returned costing AED170. July 23 Received collection in full from customers billed on July 14 July 15 REQUIRED: Journalize the transactions for the month of July