Prepare journal entries and the rest of the tabs

Prepare journal entries to record the following merchandising transactions of Cabela's, which uses the perpetual inventory system and the gross method. Hint It will help to identify each recevable and payable; for example, record the purchase on July 1 in Accounts Payable-Boden) Jul. 1 Purchasedmerchandise from Boden Company for $6,080 under credit terms of 1/15, n/3, FOB shipping point, invoice dated ul. 2 Sold merchandise to Creek Co. for $988 under credit teres of 2/18, n/60, FOB shipping point, invoice dated July 2. The uly 1 merchandise had cost $see. Jul. 3 Paid $125 cash for freight charges on the purchase of July 1. ul. 8 Sold merchandise that had cost $1,38e for $1,7e0 cash. Jul. 9 Purchased merchandise from Leight Co. for $2,28e under credit terms of 2/15, n/60, F0B destination, invoice dated July 9. Jul. 11 Received a $280 credit memorandum from Leight Co. for the return of part of the nerchandise purchased on July 9. Jul. 12 Received the balance due from Creek Co. for the invoice dated July 2, net of the discount. Jul. 16 Paid the balance due to Boden Company within the discount period. Jul. 19 Sold merchandise that cost $889 to Art Co. for $1,280 under credit terms of 2/15, n/6e, FOB shipping point, invoice dated July 19 Jul. 21 Issued a $180 credit memorandum to Art Co. for an allowance on goods sold on July 19. Jul. 24 Paid Leight Co. the balance due, net of discount. Jul. 30 Received the balance due from Art Co. for the invoice dated July 19, net of discount. Jul. 31 Sold merchandise that cost $4,8e0 to Creek Co. for $7,09 under credit teras of 2/1, n/6e, FOB shipping point, invoice dated July 31. Schedule of Schedule ofIncome General Ledger Trial Balance Receivables Payables Impact on Income Requirement Journal Statement General Journal tab - Journalize the merchandising transactions. The General Ledger, trial balance and schedules of accounts receivable and accounts payable will be updated based on your entries. Income Statement tab Prepare the income statement through the calculation of gross profit Prey 1 of 9 Nex>