Module 8 (Appendix C) Assignment Ed8 W V2 The Elephant Store uses a Sales Journal, a Purchases Journal, a Cash Receipts Joumal a Cash Disbursements Journal, and a General Journal. The Elephant Store uses a perpetual inventory system The following transactions occurred during June 2022: June 4 Purchased merchandise from Carbou Co. for $6,500 under credit terms of 1/10. n/30. FOB factory June 6 Sold merchandise to Smith Co. for $8.200 under credit terms of 2/15, 1/30, FOB destination. The cost of the merchandise was $5,300. Invoice #1986. June 9 The Elephant Store requested a price reduction on the June 4 purchase because the merchandise did not meet specifications. The Caribou Co. agreed to a $800 price reduction to resolve the issue. June 10 Paid Glad Movers $200 for shipping charges on the sale of June 6 with cheque #255 June 12 Sold merchandise to Stem Co. for $950 cash. The merchandise cost $420. June 13 Issued a credit memo regarding a $1,400 allowance granted to Smith Co, to cover defective merchandise sold on June 6th June 13 Paid the balance due to Caribou Co. with cheque #256 June 15 Purchased a $950 printer from Staples Inc. Terms Net 30. June 20 Received Smith Co.'s payment of the amount due from the June 6 sale. Instructions: Note: The General Journal is an all-purpose journal where we record any other transactions NOT recorded in the special Journals (Sales, Receipts, Purchase and Cash Disbursements). One mark will be deducted for each transaction recorded on the General Journal that does not belong there. Record the above transactions in the appropriate journal in the data entry form located in the Module 8 Learn Assessment Dropbox. Financial Accounting 1: ACCT-1971 Ed8 w 1/21 V2 Red River College