Part 1 (marks 5) Journalize the following related transactions. a) Purchased made on account from Bayer Co., list price $20,000, trade discount 25%, terms FOB shipping point, 2/10, n/30, with prepaid transportation costs of $650 added to the invoice. b) Purchased merchandise on account from Cat Co., $8,000, terms FOB destination, 1/10, n/30. c) Sold merchandise on account to Pizza Co., $9,800, terms 2/10, n/30. The cost of the merchandise sold was $5,800. d) Returned $2,000 of merchandise purchased from Cat Co. (b) e) Paid Bayer Co. on account for purchase in (a) less discount. f) Received merchandise returned by Pizza Co. from sale in (c), $1,800. The cost of the merchandise returned was $1,080. g) Paid Cat Co. on account for purchase in (b) less return (d) and discount. h) Received cash on account from Pizza Co. for sale in (c) less return (f) and discount. i) Perpetual inventory records indicate that $85,000 of merchandise should be on hand. The physical inventory indicates that $81,350 of merchandise is on hand. Part 2 (marks 5) Journalize the following purchase related transactions: a. GE Co. purchased $4,000 worth of merchandise on account, terms 2/10, n/30, FOB shipping point. Prepaid transportation charges of $200 were added to the invoice. b. Returned $500 of merchandise purchased in (a). c. Paid on account for purchases in (a), less return (b) and discount.