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how do i solve the last problem? Prepare Journal entries to record the following merchandising transactions of Lowe's, which uses the perpetual inventory system and

how do i solve the last problem?
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Prepare Journal entries to record the following merchandising transactions of Lowe's, which uses the perpetual inventory system and the gross method. August 1 Purchased nerchandise from Aron Company for $5,60e under credit terns of 1/10,n/30, FoB destination, invoice dated August 1. August 5 Sold nerchandise to Baird Corporation for $3,5 ea under credit terms of 2/16,n/60, FoB destination, invoice dated August 5. The nerchandise had cost \$2,0ee. August B Purchased merchandise from Waters Corporation for $4,0B0 under credit terns of 1/16,n/45, foB shipping point, Invoice dated August B. August 9 Paid 527 cash for shipping charges related to the August 5 sate to Baird Corporation. August 16 Baird returned nerchandise fron the August 5 sale that had cost Lowe's $500 and was sold for $1, eee. The merchandise was restored to inventory. August 12 After negotiations with Waters Corporation concerning problens with the purchases on August 8, Love's received a price reduction from Waters of $400 off the $4, een of goods purchased. Lowe's debited accounts payable for $420. August i4 At Aron's request, Lowe's paid $290 cash for freight charges on the August 1 purchase, reducing the anount oved (accounts payable) to Aron. August 15 Received batance due fron Baird Corporation for the August 5 sale less the return on August 10. August. 28 Paid the anount due Waters Corporation for the August 8 purchase less the price atlowance fron August 12. August 19 Sold merchandise to Tux Company for $3,00e under credit terms of a/10, FoB shipping point, invoice dated August 19. The nerchandise had cost $1,50e. August 22 Tux requested a price reduction on the August 19 sate because the merchandise did not meet specifications. Lowe's gave a price reduction (allowabce) of $50e to Tux and credited Tux's accounts receivable for that amount. August 29 Received Tux's cash payment for the anount due tron the August 19 sate less the price allavance from August. August 30 Paid Aron Conpany the asount due tron the August 1 purchase

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