Port 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 $9,800; terms 2/5,n/15, FOB destination (cost of sales $6,950 ). 2 Purchased $5,200 of merchandise from Angolac Suppliers; terms 1/10,n/20, FOB shipping point. 4 Purchased merchandise inventory from Bastille Sales for $12,000; terms 1/15,n/45, FOB Bastille Sales. 5 Sold merchandise to Gelgar for $11,600; terms 2/5,n/15, FOB destination (cost of sales $8,000 ). 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 the above transactions. Journal entry worksheet 56 7 Record the sales; terms 2/5,n/15, FOB destination. Note: Enter debits before credits. Journal entry worksheet Journal entry worksheet 89 Record the purchase of merchandise; terms 1/10,n/20, FOB shipping point. Note: Enter debits before credits. Journal entry worksheet Record the purchase of merchandise; terms 1/15,n/45, FOB Bastille Sales. Note: Enter debits before credits. Journal entry worksheet Record the sales; terms 2/5,n/15, FOB destination. Note: Enter debits before credits. Journal entry worksheet Journal entry worksheet