Prepare General Journal entries to record the following periodic inventory 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 $9,350; terms 2/5, 1/15, FOB destination (cost of sales $6,50e). 2 Purchased $4,750 of merchandise from Angolac Suppliers; terms 2/10, n/20, FOB shipping point. 4 Purchased merchandise inventory from Bastille Sales for $11,100; terms 3/15, n/45, FOB Bastille Sales. 5 Sold merchandise to Gelgar for $10,700; terms 1/5, n/15, FOB destination (cost of sales 57,550). 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. View transaction list View journal entry worksheet