July 1 Purchased merchandise from Boden Company for $6,600 under credit terms of 2/15, n/30, yon shipping point, invoice dated July 1. 2 Sold merchandise to Creek Co. for $950 under credit terms of 2/10, 1/60, POB shipping point, invoice dated July 2. The merchandise had cost $550. 3 Paid $135 cash for freight charges on the purchase of July 1. @ Bold merchandise that had coat $1,900 for $2,300 cash. Purchased merchandise from Light Co. for $2,900 under credit terns of 2/15, 1/60, POB destination, invoice dated July 9. 11 Returned 1900 of merchandise purchased on July 9 from Leight Co. and debited to account payable for that amount. 12 Received the balance due fron 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 $1,000 to Art Co. for $1.500 under credit tarm of 2/15, /60, TOB shipping point invoice dated July 19. 21 Gave a price reduction (allowance) of $250 to Art Co. for merchandise sold on July 19 and credited Art's accounts receivable for that amount. 24 Paid Leight Co. the balance de, net of discount. 30 Received the balance due from Art Co. for the invoice dated July 19, net of discount 31 Sold merchandise that cost 55,400 to Creek Co. for $7.000 under credit tons of 2/10, 1/60, TOB shipping point, invoice dated July 31. View transaction list Journal entry worksheet