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Journalize the following transaction for Carnival Co. whole sale company during the month of September 2018. September 1, Purchased merchandise inventory from Topshop Co. list

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Journalize the following transaction for Carnival Co. whole sale company during the month of September 2018. September 1", Purchased merchandise inventory from Topshop Co. list price $150,000, trade discount 15%. Term of credit 1/15, n/45. FOB shipping point, prepaid freight $650. September 3nid, Sold merchandise Inventory to Walmart Supermarket list price $75,500 Trade discount 20%, sales tax 15%. FOB destination, Paid freight cost $250. Cost of merchandise sold $35,350. Term of credit 3/10,n/30. September 5"w, Walmart Supermarket return part of merchandise purchased on 3"w of September, net amount, $8,000. September 6", Sold merchandise inventory to Tinkerbelle Toy list price $52,200. FOB shipping point, term of credit 2/10,n/30, Cost of goods sold $15,000. Rate of sale tax 15%. September 7", Carnival Co. returned part of the Merchandise inventory purchased on September 1" to Topshop Co. list price $11,000, trade discount 15% September 9"i, Received full Payment from Walmart Supermarket for sale made on September 3". September 11", Made full payment to Topshop Co. for purchased made on September 1

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