July 1 Purchased eerchandise fron Boden Conpany for $6,600 under credit terms of 1/15,n/30, FoB shipping point, invoice dated July 1. July 2 Sold merchandise to Creek Company for $900 under credit terms of 2/10,/60, F0B shipping point, invoice dated July 2. The merchandise had cost 5500. July 3 Paid $125 cash tor freight charges on the purchase of July 1. July 8 sold merchandise that had cost $1,300 for $1,700 cash. July 9 Purchased merchandise from Leight Conpany for $2,200 under credit terms of 2/15, n/6e, Fog destination, invoice dated July 9. July 11 Returned $200 of nerchandise purchased on July 9 fron Leight Conpany and debited its account payable for that anount. Joty 12 Received the batance due tron Creek Company for the invoice dated July 2 , net of the discount. July 16 Paid the balance doe to Boden Company within the discount period. July 19 Sold aerchandise that cost $800 to Art Company for $1,200 under credit teras of 2/15, n/60, f0e shipping point, invoice dated July 19. July 21 Gave a price reduction (atlowance) of $108 to Art Company for merchandise sold on July 19 and credited Art's accounts receivable for that amount. July 24 Paid Leight Company the batance due, net of discount, Juty 30 Received the batance due fron Art Conpany for the invoice dated July 19, net of discount. July 31 Sold nerchandise that cost $4,800 to Creek Company for $7,800 under credit terns of 2/16, n/60, F0B shipping point, invoice dated July 31. Journal entry worksheet Purchased merchandise from Boden Company for $6,000 under credit terms of 1/15, n/30, FOB shipping point, invoice dated July 1. Note: Lnter debits before credifs