Lo Prepare general journal entries to record the following transactions for ABC company. Assume a perpetual inventory system. Sep 1 5 8 10 11 Purchased merchandise for $4,000 from Sooner Company with terms 2/20, n/45. Returned goods costing $1,000 to Sooner Company for full credit. Sold merchandise to Broncho Company on credit for $10,000, terms 1/15, n/30. The items sold had a cost of $5,800 Purchased goods from Cowboy Corporation for $2.000 with terms 1/10, n/30. Paid $45 shipping charges related to the September 1 purchase from Sooner. Broncho Company returned merchandise that had a selling price of $1,000 and had cost ABC Company S700. The merchandise was restored to inventory. ABC Company received the balance due from Broncho Company for the September 8 sale. Paid the balance owed to Sooner. Paid Cowboy Corporation the balance due. 12 14 16 29 7 . - General Journal