Prepare General Journal entries to record the following periodic system merchandising transactions for Safety Merchandising. Use a separate account for each receivable and payable:

October $1$ Purchased merchandise from Zeon Company on credit, terms $2/10,$ n$/30,$ $$15,800.$

$2$ Sold merchandise for cash, $$2,100.$

$7$ Purchased merchandise on credit from Billings Co$.,$ terms $\frac{2}{10},\frac{n}{30},$$$11,600,$ FOB the seller's factory.

$7$ Paid $$450$ cash for freight charges on the merchandise shipment of the previous transaction.

$8$ Purchased delivery equipment from Finlay Supplies on credit, $$24,000.$

$12$ Sold merchandise on credit to Comry Holdings, terms $\frac{2}{15},\frac{1}{30},\frac{n}{60},$$$5,800.$

$13$ Received a $$1,500$ credit memo for merchandise purchased on October $7$ and returned for credit.

$13$ Purchased office supplies on credit from Staples, $$620,\frac{n}{30}.$

$15$ Sold merchandise on credit to Tom Willis, terms $\frac{2}{10},\frac{1}{30},\frac{n}{60},$$$4,650.$

$15$ Paid for the merchandise purchased on October $7.$

$16$ Received a credit memo for unsatisfactory office supplies purchased on October $13$ and returned, $$120.$

$19$ Issued a $$420$ credit memo to the customer who purchased merchandise on October $15$ and returned a portion for credit.

$25$ Received payment for the merchandise sold on October $15.$

$29$ The customer of October $12$ paid for the purchase of that date.

$31$ Paid for the merchandise purchased on October $1.$

Journal entry worksheet

$1$

$2$

$3$

$5$

$6$

$7$

$8$

$15$