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Help please a Company, which uses the periodie Inventory system, engaged in the foltlowing transactions in July July 1 Sold merchandise to Bernice Wilson on

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a Company, which uses the periodie Inventory system, engaged in the foltlowing transactions in July July 1 Sold merchandise to Bernice Wilson on credit, terms 2/10, n/30, $2,100. 1 Sod aemea 3 Purchased merchandise on 5 Paid Banner Freight for freight charges on merchandise recelved. $290 6 Purchased store suppiesredit from. Kroll Company, terms 2/10, n/30, FOB shipping point, $2,400 credit from Simic Company,terms 2/10, n/30. FOB shipplng point, $3,800. on credit from Hayes Supply Company, terms n/20, $636 7 Purchased merchandise on credit from, Kroll Company.t 7 Paid Banner Freight for freigh pany, terms 2/10, n/30, FOB shipping point, $3.600, including d, $194 8 Purchased merchandise on e redit from Salinas Company, terms 2/10, n/30, FOB shipping point, $3,600,i $200 freight costs paid by Salinas Company 9 Received full payment from Bernice Wilson for her July 1 purchase 10 Paid Simic Company for purchase ofjuly 3 12 Returmed some of the merchandise received on July 7 for credit, $600. 15 Sold merchandise on credit to Marc Singer, terms 2/10, n/30, $1,200 16 Returned some of the store supplies purchased on July 6 for credit, $200. 17 Sold merchandise for cash, $1,000. 18 Paid Salinas Company for purchase of july 8 24 Paid Kroll Company for purchase of July 7 less return of July 12 25 Received full payment from Marc Singer for his July 15 purchase 27 Paid Hayes Supply Company for purchase of July 6 less return on July 16. 31 Sold merchandise for cash, $1,350 1. Prepare general journal entries to record the transactions, assuming purchases are recorded initially at the gross purchase price

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