Golden Lake Company is a service based company that rents canoes for use on local lakes and rivers. At the beginning of the new year, Golden Lake Company decided to carry and sell T-shirts with its logo printed on them. Golden Lake Company uses the perpetual inventory system to account for the inventory. During January 2025, Golden Lake Company completed the following merchandising transactions: (Click the icon to view the transactions.) Read the requirements. Cash Payments Journal Page 6 Date Ck. Post. Other Accounts Merchandise 2025 No. Account Debited Jan. 1 Merchandise Inventory Ref. Accounts DR 240 Payable DR Inventory CR Cash CR 240 8 105 105 27 Help me solve this Etext pages Calculator e here to search e Clear all Check answer 60F Jan. 1 Purchased 16 T-shirts at $15 each and paid cash. Jan. 2 Jan. 3 Jan. 7 Sold 9 T-shirts for $21 each, total cost of $135. Received cash. Purchased 40 T-shirts on account at $18 each. Terms 3/10, n/30. Paid the supplier for the T-shirts purchased on January 3, less discount. Jan. 8 Jan. 10 Jan. 12 Jan. 14 Jan. 18 Jan. 20 Realized 7 T-shirts from the January 1 order were printed wrong and returned them for a cash refund. Sold 20 T-shirts on account for $21 each, total cost of $360. Terms 2/15, n/45. Received payment for the T-shirts sold on account on January 10, less discount. Purchased 120 T-shirts on account at $15 each. Terms 2/15, n/30. Golden Lake Company called the supplier from the January 14 purchase and told them that some of the T-shirts were the wrong color. The supplier offered a $90 purchase allowance. Paid the supplier for the T-shirts purchased on January 14, less the allowance and discount. Print Done Jan. 14 Purchased 120 T-shirts on account at $15 each. Terms 2/15, n/30. Jan. 18 Jan. 20 Jan. 21 Jan. 23 Jan. 25 Jan. 27 Golden Lake Company called the supplier from the January 14 purchase and told them that some of the T-shirts were the wrong color. The supplier offered a $90 purchase allowance. Paid the supplier for the T-shirts purchased on January 14, less the allowance and discount. Sold 70 T-shirts on account for $21 each, total cost of $1,051. Terms 1/20, n/30. Received a payment on account for the T-shirts sold on January 21, less discount. Purchased 300 T-shirts on account at $18 each. Terms 3/10, n/30, FOB shipping point. Paid freight associated with the January 25 purchase, $30. Jan. 29 Paid for the January 25 purchase, less discount. Jan. 30 Jan. 31 Sold 260 T-shirts on account for $21 each, total cost of $4,299. Terms 4/10, n/30. Received payment for the T-shirts sold on January 30, less discount. Print Done he