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Sales$-$Related Transactions Using Perpetual Inventory System

The following selected transactions were completed by Green Lawn Supplies Co$,$ which sells irrigation supplies primarily to wholesalers and occasionally to retail customers:

July $1.$ Sold merchandise on account to Landscapes Co$,$ $$15,100,$ terms FOB shipping point, n$/$eom$.$ The cost of merchandise sold was $$9,100.$

$2.$ Sold merchandise for $$21,900$ plus $7\%$ sales tax to retail cash customers. The cost of merchandise sold was $$14,200.$

$5.$ Sold merchandise on account to Peacock Company, $$35,300,$ terms FOB destination, $\frac{2}{10},\frac{}{30}.$ The cost of merchandise sold was $$22,900.$

$8.$ Sold merchandise for $$11,600$ plus $6\%$ sales tax to retail customers who used VISA cards. The cost of merchandise sold was $$7,000.$

$13.$ Sold merchandise to customers who used MasterCard cards, $$5,000.$ The cost of merchandise sold was $$3,200.$

$14.$ Sold merchandise on account to Loeb Co$.,$ $$14,700,$ terms FOB shipping point, $\frac{1}{10},\frac{n}{30}.$ The cost of merchandise sold was $$8,700.$

$15.$ Received check for amount due from Peacock Company for sale on July $5.$

$16.$ Issued credit memo for $$2,200$ to Loeb Co$.$ for merchandise returned from sale on July $14.$ The cost of the merchandise returned was $$1,200.$

$18.$ Sold merchandise on account to Jennings Company, $$6,200,$ terms FOB shipping point, $\frac{2}{10},\frac{n}{30}.$ Paid $$340$ for freight and added it to the invoice. The cost of merchandise sold was $$3,700.$

$24.$ Received check for amount due from Loeb Co$.$ for sale on July $14$ less credit memo of July $16.$

$28.$ Received check for amount due from Jennings Company for sale of July $18.$

$31.$ Paid Black Lab Delivery Service $$1,810$ for merchandise delivered during July to customers under shipping terms of FOB destination.

$31.$ Received check for amount due from Landscapes Co$.$ for sale of July $1.$

Aug. $3.$ Paid Hays Federal Bank $$810$ for service fees for handling MasterCard and VISA sales during July

$10.$ Paid $$2,560$ to state sales tax division for taxes owed on sales.

Required:

Journalize the entries to record the transactions of Green Lawn Supplies Co$.$ For a compound transaction, if no entry is required, leave the entry box blank.