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Garrett Book Store entered into the transactions listed below. In the journal provided, prepare Garrett's necessary entries, assuming use of the perpetual inventor system.

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Garrett Book Store entered into the transactions listed below. In the journal provided, prepare Garrett's necessary entries, assuming use of the perpetual inventor system. UPLOAD YOUR ANSWER AS A PDF FILE. 7/6 Purchase $3,500 of merchandise on credit, terms n/45. 7/8 Returned $500 of the items purchased on July 6. 7/9 Paid freight charges of $90 on the items purchased on July 6. 7/19 Sold merchandise on credit for $2,500, terms 1/10, n/30. The merchandise had an inventory cost of $1.000. 7/22 Of the merchandise sold on July 19, $600 of it was returned. the item had cost the store $150. 7/24 7/25 Received payment in full from the customer of July 19. Paid for the merchandise purchased on July 6. 7/27 Purchased $6,200 of merchandise on credit, terms 2/10, n/30. 7/31 Paid for the merchandise purchased on July 27. Upload Choose a File

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