Johny owns a book store called Johor's Stationery. Prepare proper journal entries for the following transactions: July 8 July 10 July 12 Purchased merchandise on account from loli Store for RM6,000 Paid freight charges of RM400 on merchandise purchases on the 8th. Sold merchandise on account to mandy Company for RM5,500, terms 1/15, n/30. The cost of the merchandise was RM3,500 Received a credit memo from loli Store for merchandise returned, RM900 Issued a credit memo to mandy Company for merchandise returned, RM1,000. The cost of the merchandise is RM550. Received full payment from mandy Company July 16 July 22 July 25