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 $9,050; terms 2/5,n/15, FOB destination (cost of sales $6,200 ). 2 Purchased $4,450 of merchandise from Angolac suppliers; terms 2/10,n/20, FOB shipping point. 4 Purchased merchandise inventory from Bastille sales for $10,500; terms 3/15,n/45, FOB Bastille Sales. 5 Sold merchandise to Gelgar for $10,100; terms 1/5,n/15, FOB destination (cost of sales $7,250 ). 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 thetabove transactions. 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 $9,050; terms 2/5,n/15, FOB destination (cost of sales $6,200 ). 2 Purchased $4,450 of merchandise from Angolac suppliers; terms 2/10,n/20, FOB shipping point. 4 Purchased merchandise inventory from Bastille sales for $10,500; terms 3/15,n/45, FOB Bastille Sales. 5 Sold merchandise to Gelgar for $10,100; terms 1/5,n/15, FOB destination (cost of sales $7,250 ). 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 thetabove transactions