July 1 Purchased merchandise from Boden Company for $6,000 under credit terms of 1/15, n/30, FOB shipping point, invoice dated July 1. 2 Sold merchandise to Creek Co. for $900 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 2. The merchandise had cost $500. 3 Paid $125 cash for freight charges on the purchase of July 1. 8 Sold merchandise that had cost $1,300 for $1,700 cash. 9 Purchased merchandise from Leight Co. for $2,200 under credit terms of 2/15, n/60, FOB destination, invoice dated July 9. 11 Received a $200 credit memorandum from Leight Co. for the return of part of the merchandise purchased on July 9. 12 Received the balance due from Creek Co. for the invoice dated July 2, net of the discount. 16 Paid the balance due to Boden Company within the discount period. 19 Sold merchandise that cost $800 to Art Co. for $1,200 under credit terms of 2/15, n/60, FOB shipping point, invoice dated July 19. 21 Issued a $200 credit memorandum to Art Co. for an allowance on goods sold on July 19. 24 Paid Leight Co. the balance due after deducting the discount. 30 Received the balance due from Art Co. for the invoice dated July 19, net of discount. 31 Sold merchandise that cost $4,800 to Creek Co. for $7,000 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 31.

Prepare journal entries to record the above merchandising transactions of Blink Company, which applies the perpetual inventory system

eztomh ducation.com/hm.tpx? 0.1676908010812187 1444606877654 value 100.00 points July 1 Purchased merc handise from Boden Company for $6,000 under credt terms of 1/15, n/30, FOB shipping point, invoice dated July1 2 Sold merchandse to Creek Ca for $900 under credit terms of 2/10, r/60, FOB shipping point, invaice dated July 2. The merchandise had cost $500 3 Paid $125 cash for freight charges on the purc hase of July 1 8 Sold merchandise that had cost $1,300 for $1,700 cash 9 Purchased merchandise from Le ight Co for $2,200 under credit terms of 2/15, v60. FOB destnation invoice dated July 9 11 Received a $200 credt memorandum from Leight Co. for the retun of part of the merchandise purchased on July 9 12 Received the balance 16 Paid the balance due to Boden due from Creek Co for the invoice datod Jdy 2 net of the dscount Company within the discount period 19 Sold merchandise that cost $800 t t, invoice dated July 19 merchandse that cost $800 to Art Co for $1,200 under credit terme of 2/15, rv60, FOB shipping point 21 issued a $200 credit memorandum to Art Co for an allowance on goods sold on July 19 24 Paid Leight Co the balance due after deducting the discount 30 Received the balance due from Art 31 Sold merc handise that cost 54 800 to Creek Ca for 57,000 undler credit temis of Co. for the invoice dated July 19, net of discount 2/0,m6FB shipping point, invoice dated July 31 Prepare jourmal entnes to record the perpetual inventory system epare purmal enties o rececnd the above marchandsing transac ton of Blink Company, which apples view transaction list view general journal Journal Entry Worksheet se from Boden Company for $6,000 under credit Purchased terms of 1/15, n/30, FOB shipping point, invoice dated July 1. fox Setup Stub 4 eve