Prepare General Journal entries to record the following perpetual system merchandising transactions ofBunbury Company. Use a separate account for each receivable and payable; for example, record the purchase on January 1 in Accounts Payable-Waterton Company.

Jan. 1 Purchased merchandise from Waterton Company for 18,000 under credit terms of 2/15, n/30, FOB shipping point. The invoice showed that Waterton paid 250 for shipping and added that to the bill. Thus, the total invoice was for 18,250.

5 Sold merchandise to Maryland Corp. for 3,500 under credit terms of 1/10, n/45, FOB destination. The merchandise had a cost 1,700.

9 Purchased merchandise from Walker Corporation for 8,500 under credit terms of 2/10, n/30, FOB destination.

10 At Walkers request, paid 350 of shipping charges on the January 9 purchase, reducing the amount owed to Walker.

11 Paid 210 shipping charges related to the January 5 sale to Maryland Corp.

12 Maryland returned merchandise from the January 5 sale that had cost 300 and been sold for 500. The merchandise was restored to inventory.

13 After negotiations with Walker Corporation concerning problems with the merchandise purchased on January9, received a credit memorandum from Walker granting a price reduction of 700.

14 Received balance due from Maryland Corp. for the January 5 sale.

16 Purchased office equipment from BlueCo, signing a 60-day note payable for 5,300.

17 Paid the amount due to Walker Corporation for the January9 purchase.

18 Sold merchandise to RoseCo for 12,500 under credit terms of 2/10, n/60, FOB shipping point. The merchandise had a cost 6,200.

21 RoseCo requested a price reduction on the January 18 sale because some of the merchandise was damaged. Sent RoseCo a credit memorandum for 1,250 to resolve the issue.

28 Received RoseCos payment of the amount due from the January 18sale.

30 Paid Waterton Company the amount due from the January 1 purchase.