For all problems assume the perpetual iventory gystem is used, othervwie Round ail umbers to the nearest whole dollar unless sils b. Gross profit. r unless stated otherwis > Problems Group A Journalizing purchase and sale transactions Journalize the No explanations are needed. Identify each accounts payal with the vendor or customer name. Aquamarines estimates sales returns 2018 for Aquamarj r Aquamarin d accounts receivable sales returns at the end of ble and following transactions that occurred in Septem Purchased merchandise inventory on account from Sharpner Who $5,500. Terms 2/15, n/EOM, FOB shipping point. each month Sep. 3 4 Paid freight bill of $85 on September 3 purchase. Purchased merchandise inventory for cash of $1,600. 6 Returned $1,300 of inventory from September 3 purchase 8 Sold merchandise inventory to Herman Company, $5,700, on acc Terms 2/15, n/35. Cost of goods, $2,565. 9 Purchased merchandise inventory on account from Tucker Wh olesalers $6,000. Terms 3/10, n/30, FOB destination. 10 Made payment to Sharpner Wholesalers for goods purchased on September 3, less return and discount. 12 Received payment from Herman Company, less discount. 13 After negotiations, received a $500 allowance from Tucker Wholesalers 15 Sold merchandise inventory to Jerome Company, $2,800, on account. Terms n/EOM. Cost of goods, $1,200. 22 Made payment, less allowance, to Tucker Wholesalers for goods purchased on September 9 Jerome Company returned $200 of the merchandise sold on September 15. Cost of goods, $80. Sold merchandise inventory to Small for $1,800 on account that cost $738. Terms of 3/10, n/30 was offered, FOB shipping point. As a courtesy to Small, $40 of freight was added to the invoice for which cash was paid by Aquamarines 23 25 29 30 Received payment from Small, less discount. Received payment from Jerome Company, less return