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Journalize the following transactions that occurred in September for Orange Glove, assuming the perpetual inventory system is being used. No explanations are needed. Identify each

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Journalize the following transactions that occurred in September for Orange Glove, assuming the perpetual inventory system is being used. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor or customer name. Orange Glove estimates sales returns at the end of each month. (Record debits first, then credits. Exclude explanations from journal entries. Check your spelling carefully and do not abbreviate. Assume the company records sales at the net amount.) (Click the icon to view the transactions.) Sep.3 Purchased merchandise inventory on account from Sherry Wholesalers, $6,000. Terms 1/15,n/EOM, FOB shipping point. Sep. 4 Paid freight bill of $85 on September 3 purchase. Sep. 4 Purchase merchandise inventory for cash of $2,000. Sep. 6 Returned $1,000 of inventory from September 3 purchase. Sep. 8 Sold merchandise inventory to Houston Company, $5,400, on account. Terms 2/15, n/35. Cost of goods, $2,592. More info Sep. 9 Purchased merchandise inventory on account from Tamara Wholesalers, $10,000. Terms 1/10,n/30, FO'B destination. Sep. 10 Made payment to Sherry Wholesalers for goods purchased on September 3, less return and discount. Sep. 12 Received payment from Houston Company, less discount. Sep. 13 After negotiations, received a $400 allowance from Tamara Wholesalers. Sep. 15 Sold merchandise inventory to Jex Company, $3,400, on account. Terms n/EOM. Cost More info Sep. 15 Sold merchandise inventory to Jex Company, \$3,400, on account. Terms n/EOM. Cost of goods, $1,530. Sep. 22 Made payment, less allowance, to Tamara Wholesalers for goods purchased on September 9. Sep. 25 Sold merchandise inventory to Smith for $1,800 on account that cost $720. Terms of 3/10,n/30 was offered, FOB shipping point. As a courtesy to Smith, $55 of freight was added to the invoice for which cash was paid by Orange Glove. Sep. 29 Received payment from Smith, less discount. More info Sep. 22 Made payment, less allowance, to Tamara Wholesalers for goods purchased on September 9. Sep. 25 Sold merchandise inventory to Smith for $1,800 on account that cost $720. Terms of 3/10,n/30 was offered, FOB shipping point. As a courtesy to Smith, $55 of freight was added to the invoice for which cash was paid by Orange Glove. Sep. 29 Received payment from Smith, less discount. Sep. 30 Received payment from Jex Company

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