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Part 1 : Consider the following perpetual system merchandising transactions of Belton Company. Use a separate account for each receivable and payable; for example, record

Part 1:
Consider the following perpetual system merchandising transactions of Belton Company. Use a separate account for each receivable and payable; for example, record the sale on June 1 in Accounts Receivable-Avery & Wiest.
June 1 Sold merchandise to Avery & Wiest for $9,250; terms 2/5,n15, F0B destination (cost of sales $6,400).
2 Purchased $4,650 of merchandise from Angolac Suppliers; terms 2/10, n/20, FOB shipping point.
4 Purchased merchandise inventory from Bastille Sales for $10,900; terms 115, n/45, FOB Bastille Sales.
5 Sold merchandise to Gelgar for $10,500; terms 25,n15, F0B destination (cost of 5al es $7,450).
6 Collected the amount owing from Avery & Wiest regarding the June 1 sale.
12 Paid Angolac Suppliers for the June 2 purchase.
20 Collected the amount owing from Gelgar regarding the June 5 sale.
30 Paid Bastille Sales for the June 4 purchase.
Prepare General Journal entries to record the above transactions.
Journal entry worksheet
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Record the sales; terms 2/5, n/15, FOB destination.
Note: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[June 01],[,,,],[,,,],[,,,],[,,,],[r,1,,]]
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