Gemma's Gowns sells gowns in Tampa, Florida. Gemma's uses the perpetual inventory system.

Required: Record the following transactions in the Journal.

$7-1$: Gemma's Gowns purchased a gown for $$40,000$ on account from Vera Wang. The payment terms are $\frac{2}{10}\frac{?}{?}\frac{N}{30}.$ The delivery terms are FOB shipping point.

$7-2$: Gemma's pays the delivery charges in cash, $$2,000.$

$7-7$: Gemma's Gowns pays the accounts payable in cash.

$7-15$: Winter Washington purchases the gown for $$60,000$ cash.