omework Help S GL04-02-Based on Problem 4-2A LO P1, P2 Prepare journal entries to record the following merchandising transactions of Turners, which uses the perpetual inventory system. Hint It will help to identiy each receivable and peryable; for example, record the purchase on August 1 in Accounts Payable-Garcia.) Aug. 1 Purehasedmerehandise fron Garcia-any for11,500 under credit terns of ins, n/30. ron dut ination, invoice Aug. S Sold norchandise to Aien Corp. for S7,400 under eredit terns of 2/10 n/60, ron destination, invoice dated Aug. Purehased narchandise tron Griffin Corporation for $6,280 uder credit tens of i/10, n/as, shipping point. Aug. 9 Paid $525 eash for shipping charges related to the August 5 sale to Allen Corp deted Auguat 1 August 5, The invoice dated Aogust had coat $4 Aug 10 A11 en retarted Mrehand La. fr. the August S .ale that had oost hrher. noo and wa, sola ter noo, the to inveantory , 12 After negotiations with Crittin Corporation coneerning proble" vith the purchases o. Aagust turner's received a credit mesorandan from Griftin grantinga price reduct ien of $900 off the 6,280 of goods purehased Aug. 14 At Gareia's reguest, Turser's paid $400 cash for freight charges on the August 1 purehase, redocing the asount Aug. 15 Received balance due tro. Allen Corp. for the August S sale les, the return on August 10 ug. 18 Paid the anount due Griftis Corporat ion for the August s purchase leas the price allovance from Auqase 12, Aug. 19 Sold serehandise to Perea Co. for $4,300 under exedit teras of n/10, POB shipping point, invoice dated August Aeg. 22 Ferea requestedprice reduetion on the ogust 19 sale because the merchandise did not reet specifications Aug. 29 Received Perez ," cash paysent for the a-t due froa the Aspuse 19 sale len the price allowance tron August Aug. 30 Paid Gareia Company the anount due from the August 1 purehase. Requirement General General Schedule of Schedule of Income Impact on Receivables Payebles Statement Income Jounal Trial Balance Schedule o Ledger For each transaction, indicate the impact each item had on income and the dollar amount of the change in income, it any. Prev 7of8 13 MacBook Air P11 17 FR