Hounder Warehouse distributes suitcases to retail stores and extends credit terms of f/30 to all of its customers, filounder Warehouse uses a perpetual inventory system and the earnirys approach. At the end of June, its inventory consehted of 35 suif purchased at $30 each During the monthof July, the following mecchandising trantactionsoccurred. July 1 Purchased 50 suitcases on accovint for $30 each from Trunk Manufactur ers, terms n 30 , FOB destinution. 2 The correct company paid 5135 freight on the hily 1 purchase. 4 Received $150 credit for five suitcases returned to Trunk Manufacturers because thoy weredanaged 10 Sold 45 suitcases that cost 530 each to Satchei Worki for 555 each on account. 12 Issued a $275 credit for five suitcases returned by Satchel Worlit because they were tho wiong colour 7 be tuitcoses were returned to imentory. 15 Purchased 60 additional suitcases from Trunk Manufactiarers for 32750 each termsn/50, FOB shippins point. 18 Paid $150 freighti is AA Trucking Company for merchanclise purchased from Trunk Manufacturens 21 Sold 60 suitcases that cost $30 each to Fly. By. Night for $55 eachon accoune. 23 Gave Fly By- Night a $110 credit for two returned suitcases The suitcases had been damaged and weresent to the recyclers. 30 Paid Trunk Manufacturers for the July 1 purchase. 31 Received balance owing from Satchel World (a) Record the transactions for the month of July for Flounder Warehouse. (Credit occount tifles are autonsikeoly hdented when the