PLEASE HELP

Problem 5-2A Preparing journal entries for merchandising activities-perpetual system LO P1, P2 its Prepare journal entries to record the following merchandising transactions of Lowe's, which uses the perpetual inventory system and the gross method, (Hint: It will help to identify each receivable and payable, for example, record the purchase on August 1 in Accounts Payable-Aron) Hook Paine Aug. 1 Purchased merchandise fron Aron Company for $8,800 under credit terms of 1/10, n/30, FOB destination, invoice dated August 5 Sold merchandise to Baird Corp. for $5,680 under credit terms of 2/10, 1/60) FOB destination, invoice dated August 5. The merchandise had cost $4,000 8 Purchased merchandise from waters Corporation for $7,eee under credit terns of 1/10, 1/45, FOB shipping point, invoice dated August 8. 9 Paid $160 cash for shipping charges related to the August 5 sale to Baird Corp. 10 Baird returned merchandise from the August 5 sale that had cost Lowe's $500 and was sold for $1,000. The merchandise was restored to inventory. 12 After negotiations with waters Corporation concerning problems with the purchases on August 8, Lowe's received a credit memorandum from Waters granting a price reduction of $700 off the $7,000 of goods purchased 14 At Aron's request, Lowe's paid $230 cash for freight charges on the August 1 purchase, reducing the amount owed to Aron 15 Received balance due from Baird Corp. for the August 5 sale less the return on August 10. 18 Paid the amount due Waters Corporation for the August 8 purchase less the price allowance from August 12. 19 Sold merchandise to Tux Co. for $4,880 under credit terms of n/10, FOB shipping point, invoice dated August 19. The merchandise had cost $2,400. 22 Tux requested a price reduction on the August 19 sale because the merchandise did not meet specifications. Lowe's sent Tux $800 credit memorandum toward the $4,800 invoice to resolve the issue 29 Received Tux's cash payment for the anount due from the August 19 sale less the price allowance from August 22 30 Paid Aron Company the amount due from the August 1 purchase View transaction ist Journal entry worksheet 2 3 4 1 5 6 7 B 16 Purchased merchandise from Aron Company for $8,000 under credit terms of 1/10, 1/30, FOB destination, invoice dated August 1. 19 Sold merchandise to Tux Co. for $4,80 under credit terms of n/10, FOB shipping point, invoice dated August 19. The merchandise had cost $2,400. 22 Tux requested a price reduction on the August 19 sale because the merchandise did not meet specifications. Lowe's sent Tux # $800 credit memorandum toward the $4,800 invoice to resolve the issue. 29 Received Tux's cash payment for the amount due from the August 19 sale less the price allowance from August 22 3e Paid Aron Company the amount due from the August 1 purchase. View transaction list . Journal entry worksheet 1 2 3 4 5 6 7 16 Purchased merchandise from Aron Company for $8,000 under credit terms of 1/10, 1/30, FOB destination, invoice dated August 1 Note: Enter debits before credits General Journal Debit Credit Date Aug 01 Record entry Clear entry View general Journal