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 39,600) terms 3/5, 1/15, FOB destination (cost of sales $6,750) 2 Purchased $5,000 of merchandise from Angolac Suppliers; teras 2/10, 1/20, FOB shipping point 4 Purchased merchandise inventory from Bastille Sales for $11.600teras 2/15, 1/45, FOB Bastille Sales 5 Sold merchandise to Gelgar for $11,200; terms 3/5, 1/15, FOB destination cost of sales 37,000), 6 Collected the anount owing from Avery & west regarding the une sale 12 Paid Angolac Suppliers for the June 2 purchase 20 Collected the amount owing from Gelgar regarding the lune 5 sale 30 Paid Bastille Sales for the June 4 purchase Prepare General Journal entries to record the above transactions