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Persian Rug Co. has the tollowing business transactions during tebruary 2019. Please make journal entries to record these transactions (only record entries for Persian Rug

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Persian Rug Co. has the tollowing business transactions during tebruary 2019. Please make journal entries to record these transactions (only record entries for Persian Rug Co.) 2/5 Persian Rug ordered 20 rugs from its supplier, Thread Corp. for $300 each. Thread Corp. sent Persia Rug an invoice for $6,000. Shipping term: FOB Shipping. Shipping cost is $500, Payment term 2/10, net 30 2/10 Persian Rug Co. ordered 10 rugs from another supplier, Tapestry Partners $500 per rug for a total of $5,000. Shipping term: FOB destination. Sales Tax was 6%. Shipping cost is $2,000. Payment term: net 30 2/12 Persian Rug Co. sold 25 rugs to Westin Hotel for total of $15,000. Shipping term: FOB destination; payment term 1/10; net 30. (these are 20 rugs bought from Thread Corp., on 2/5; Cost to Persian is $6,500 and 5 rugs bought from Tapestry Partners on 2/10; Cost to Persian is $2,500) 2/13 Westin Hotel returned 5 of the 25 rugs to Persian Rug Co.because the rugs are not the color Westin Hotel had ordered. These are the 5 rugs bought from Tapestry and cost Persian Co., $2,500) 2/14 Persian Rug Co., paid Thread Corp. the full amount of the invoice sent to the company on 2/5 by Threxd Corp 2/20 Westin Hotel paid the invoice Persian Rug Co., the invoice Persian Rug Co., sent it on 2/12 minus the returned made on 2/13 2/30 Persian Rug Co, paid Tapestry Partner the invoice in full Tapestry Partner sent to Persian Rug Co. on 2/10

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