I cannot seem to get part 16 correct. Your answer will be liked immediately.

Problem 4-2A Preparing journal entries for merchandising activities-perpetual system LO P1, P2 5 points Prepare journal entries to record the following merchandising transactions of Lowe's, which uses the perpetual inventory system and the gross method. (Hint: It will help to identity each receivable and payable for example, record the purchase on August 1in Accounts Payable-Aron) Aug. 1 Purchased merchandise from Aron Company for $4,000 under credit terns of 1/10, 1/30, Fon destination, invoice dated August 1. 5 sold merchandise to Bird Corp. for $2,000 under credit terns of 2/10, 1/60. Fon destination, invoice dated August 5. The merchandise had cost $2,000 3 Purchased merchandise from Waters Corporation for $3,000 under credit terns of 1/10, n/45, FOB shipping point, invoice dated August 8. 9 Paid $200 cash for shipping charges related to the August 5 sale to Baird Corp. 10 Baird returned merchandise from the August 5 sale that had cost Lowe's $500 and was sold for $1,000. The merchandise was restored to inventory 12 After negotiations with waters Corporation concerning problems with the purchases on August 8, Lowe's received a credit memorandum from waters granting a price reduction of $300 off the $3,000 of goods purchased 14 AT Aron's request, Lowe's paid $310 cash for freight charges on the August 1 purchase, reducing the amount owed to Aron 15 Received balance due from Baird Corp. for the August 5 5 less the return on August 10. 18 Paid the amount due waters Corporation for the August purchase less the price allowance from August 12. 19 Sold merchandise to Tux co. for $2,400 under credit teras of n/10, FOB shipping point, invoice dated August 19 The merchandise had cost $1,200. 22 Tux requested a price reduction on the August 19 sale because the merchandise did not meet specifications Lowe's sent Tux a $400 credit nemorandum toward the $2,400 invoice to resolve the issue. 29 Received Tux's cash payment for the amount due from the August 19 sale less the price allowance from August 22 30 Paid Aron Company the amount due from the August 1 purchase. 10 Aug 15 Cash 1,764 36 Sales discounts Accounts receivable Baird 1,800 11 Aug 18 2,700 Accounts payable-Waters Merchandise inventory Cash 27 2,673 12 Aug 19 Accounts receivable-Tux Sales 2,400 2,400 O O 13 Aug 19 1,200 Cost of goods sold Merchandise inventory 1,200 14 Aug 22 400 Sales returns and allowances Accounts receivable-Tux 0 400 15 Aug 29 Cash 2,000 Accounts receivable-Tux 2.000 16 Aug 30 3,800 Accounts payable Aron Cash 3,800