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NEED HELP Especially on the aug 20 15. Record the following transactions for Sparky's Pet Shop using the general journal form Sparky's uses a perpetual

NEED HELP Especially on the aug 20 image text in transcribed
15. Record the following transactions for Sparky's Pet Shop using the general journal form Sparky's uses a perpetual inventory system. Omit transaction descriptions from entries snop using the general journal form provided below. Assume Date August 1 7 Transaction P urchased $6,000 of merchandise on account, terms 2/10, D . Returned $1,500 of merchandise purchased on August 1 due to defects. Recorded cash sales for the first week of August, $9,750; cost of the merchandise was $4,000. Made sale on account to a local breeder for $500, terms 1/10 net 30; cost of the merchandise was $200. Paid for the merchandise purchased on August 1, less return Received payment from sale of August 10. The customer took the discount. 11 20

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