please use the terms and layout for your journal entry sheet

Prepare journal entries to record the following merchandising transactions of Lowe's, which uses the perpetual inventory system and the gross method. HintIt will help to identify each receivable and payable for example, record the purchase on August 1 in Accounts Payable-Aron Aug. 1 Purchased merchandise from Aron Company for $5.000 under credit tern of 1/10, 1/30 ron destination, invoice dated Ngust 1. 5 Sold merchandise to Baird Corp. for $3.500 under credit term of 2/10. /0 Ton destination, invoice dated August 5. The merchandise had out $2.000 Purchased merchandise from Water Corporation for $4.000 under credit tern of 1/10, 1/45, FOB whipping point, invoice dated August . paid $250 canh tor shipping charges related to the August 5 sale to Baird corp. 10 Said returned merchandise from the August sale that had coat Lover 500 and was sold for $1.000. The merchandise was restored to inventory. 12 After negotiations with Water Corporation concerning problems with the purchase on August, Love received PEICO reduction from Waters of 5400 of the 54.000 of goods purchased. Love debited accounts payable for 5400 24 At Arono request, Lowe paid $480 cash for freight charges on the August purchase, reducing the amount oved Caccounts payable) to hron. 15 Received balance due from Baird Corp. for the August 5 sale less the return on August 10. 18 Paid the amount due Water Corporation for the Auguste purchase less the price allowance from August 12 19 Sold merchandise to Tesco. for 3.000 under credit terms of h/10, POB shipping point, invoice dated August 19 The merchandise had cost $2,500. 22 Dux requested a price reduction on the August 19 sale because the merchandise did not neet potication Lowe's gave a price reduction allowance) of $500 to Tux, and credited Tux accounts receivable for that mount 29 Received Tux's cash payment for the amount due from the August 19 sale less the price allowance from August 22 30 Pald Aron Company the amount due from the August 1 purchase View transaction list :X: 1 Purchased merchandise from Aron Company for $5,000 under credit terms of 1/10, n/30, FOB destination, invoice dated August 1. 2 Sold merchandise to Baird Corp. for $3,500 under credit terms of 2/10, n/60, FOB destination, invoice dated August 5. 3 Record cost of merchandise sold, $2,000. 4 Purchased merchandise from Waters Corporation for $4,000 under credit terms of 1/10, n/45, FOB shipping point, invoice dated August 8. 5 Paid $230 cash for shipping charges related to the August 5 sale to Baird Corp. 5 Paid $230 cash for shipping charges related to the August 5 sale to Baird Corp. 6 Baird returned merchandise from the August 5 sale that was sold for $1,000. 7 Record the merchandise, cost $500, that was restored to inventory. 8 After negotiations with Waters Corporation concerning problems with the purchases on August 8, Lowe's received a price reduction from Waters of $400 off the $4,000 of goods purchased. Lowe's debited accounts payable for $400. 9 At Aron's request, Lowe's paid $480 cash for freight charges on the August 1 purchase, reducing the amount owed (accounts payable) to Aron. 10 Received balance due from Baird Corp. for the August 5 sale less the return on August 10. 11 Paid the amount due Waters Corporation for the August 8 purchase less the price allowance from August 12. 12 Sold merchandise to Tux Co. for $3,000 under credit terms of n/10, FOB shipping point, invoice dated August 19. 13 Record cost of merchandise sold, $1,500. 14 Tux requested a price reduction on the August 19 sale because the merchandise did not meet specifications. Lowe's gave a price reduction (allowance) of $500 to Tux, and credited Tux's accounts receivable for that amount. 15 Received Tux's cash payment for the amount due from the August 19 sale less the price allowance from August 22. 16 Paid Aron Company the amount due from the August 1 purchase. Accounts payable-Aron Die der credit Accounts payable-Baird Accounts payable-Tux Accounts payable-Waters el Accounts receivable-Aron Debit Accounts receivable--Baird Accounts receivable--Tux 1 Accounts receivable-Waters Accumulated depreciation Additional paid-in capital Bond premium Bonds payable Building Cash Common stock Cost of goods sold Delivery expense der Depreciation expense Discount on bonds payable Dividends declared Goodwill Interest expense Interest income Interest payable 0 Interest receivable Sales returns and allowances