July $2$ Sold merchandise to Perry Company for $$2,200$ under credit terms of $\frac{2}{10},\frac{n}{60},$ FOB shipping point, invoice dated July $2.$ The merchandise had cost $$1,320.$

July $3$ Paid $$645$ cash for freight charges on the purchase of July $1.$

July $8$ Sold merchandise that had cost $$2,600$ for $$4,300$ cash.

July $9$ Purchased merchandise from Ryan Company for $$3,500$ under credit terms of $\frac{2}{15},\frac{n}{60},$ FOB destination, invoice dated July $9.$

July $11$ Returned $$700$ of merchandise purchased on July $9$ from Ryan Company and debited its account payable for that amount.

July $12$ Received the balance due from Perry Company for the invoice dated July $2,$ net of the discount.

July $16$ Paid the balance due to Walker Company within the discount period.

July $19$ Sold merchandise that cost $$2,700$ to Clinton Company for $$3,800$ under credit terms of $\frac{2}{15},\frac{n}{60},$ FOB shipping point, invoice dated July $19.$

July $21$ Gave a price reduction $($allowance$)$ of $$800$ to Clinton Company for merchandise sold on July $19$ and credited Clinton's accounts receivable for that amount.

July $24$ Paid Ryan Company the balance due, net of discount.

July $30$ Received the balance due from Clinton Company for the invoice dated July $19,$ net of discount.

July $31$ Sold merchandise that cost $$5,800$ to Perry Company for $$9,600$ under credit terms of $\frac{2}{10},\frac{n}{60},$ FOB shipping point, invoice dated July $31.$

$\backslash$table$[[$Requirement$,\backslash$table$[[$General$],[$Journal$]],\backslash$table$[[$General$],[$Ledger$]],$Trial Balance,Schedule $\frac{5}{6},$Schedule of$,\backslash$table$[[$Income$],[$tatement$]],\backslash$table$[[$Impact on$],[$Income$]]],[$Receivable Sc$,$edule of Receivables$]]$

Journalize the merchandising transactions. The General Ledger, trial balance, and schedules of accounts receivable and accounts payable will be updated based on your entries.

Journal entry worksheet

$(1)$ cdots. $4$

$5$

$6$

$7$

$8$

$9$

dotsdots

$17$

Received the balance due from Perry Company for the invoice dated July $2,$ net of the discount.