GL04-01- Based on Problem 4-1A Cabela's Company LO P1, P2 Prepare journal entries to record the following merchandising transactions of Cabela's, which uses the perpetual i y system and to identify each recelvable and payable; for example, record the purchase on July 1 in Accounts the gross method. (Hint: It will help Payable-Boden.) Jul. 1 000 under eredit terms of 1/15, n/30, FOB ahipping point, invoice dated July 1. d merchandise to Creek co. for $900 under credit terms of 2/10, n/6o, POB . 2. The Jul. 2 Sold merchandise to Creek co. for POB shipping point , invoice dated July se had cost $500. Jul. 3 Paid $125 cash for freight charges on the Jul. 8 Sold merchandise that had cost $1,300 for $1,700 cash. e of July 1. se from Leight co. for $2,200 under eredit terma of 2/15, n/60, Pon destination, invoice 0, FOB destination, invoice dated July 9 Jul. 11 Received a $200 eredit memorandum from Leight Co. for the return of part of the merchandis erchondlas puirchaeed on stuly s 2 Received the balance due f Jul. 1 Jul. 16 Paid the balance due Jul. 19 Sold ner rom Creek Co. for the invoice dated July 2, net of the to Boden Company within the discount period se that cost $800 to Art Co. for 1,200 under to Art Co. for $1,200 under credit terms of 2/15, n/60, FOB shipping invoice dated July 19. Jul. 21 Issued a $100 credit memorandum to Art co. Jul. 24 Paid Leight Co. the balance due, net of discount. Jul. 30 Received the balance due from Art Co. Jul. 31 Sold merchandise that cost $4,800 to Creek Co. for $7,000 under credit terms of 2/10, n/60, POB shipping for an allowance on goods sold on July 19. for the invoite dated July 19, net of discount. invoice dated July 31. Schedule of Schedule of Income Impact on Receivables Payables StatementIncome Journal the merchandising transactions. The General Ledger, trial balance, and schedules of accounts receivable and View transaction list Journal entry worksheet 1 of 1