Prepare journal entries for August 2014 to record the following transactions for Gulf Corp Assume a perpetual inventory system Enter the transaction letter as the description when entering the transactions in the journal Dates must be entered in the format dd/ mm... January 15 would be 15/Jan a August 1 Gulf Corp purchased merchandise from Vision Consulting Inc. for $9,500 under credit terms of 2/15, V60, FOB destination b. August 5 After negotiations with Vision Consulting in concerning problems with the merchandise purchased on August 1 received a credit memorandum granting a pnce reduction of $1.200, c. August 14. Gulf Corp purchased supplies by paying $8.500 d. August 19 Oulf Corp purchased merchandise on credit from Global Filter Corp. terms 2/10, V60, $9,500, FOB destination e August 28: Paid the amount due to Vision Consulting Inc for the August 1 purchase August 29: After negotiations with Global Filter Corp concerning problems with the merchandise purchased on August 19, received a credit memorandum granting a price reduction of $1.000 9 August 31 Pad the amount due to Global Filler Corp. for the August 19 purchase Prepare journal entries for December 2014 to record the following transactions for Weber Inc. Assume a perpetual inventory system Enter the transaction letter as the description when preparing a journal entry When a transaction requires two separate journal entries, use the same er forbonecoon Dates must be entered in the format dimmm ( 15/Jan) a December 4 Weber Inc. sold merchandise to Global Filter Corp for $6.000 under credit terms of 1/30. FOB shipping point. The merchandise had cost $4.500 6 December 11 Weber Inc sold merchandise that cost $4.845 to Courtand Corp for $5,700 under credit forms of 2/30.060 FOB shipping point c December 12: Weber Inc.'s merchandise was sold to Stake Technology Inc. for $7.000 cash The merchandise cost $6 300 d. December 27: Courtiand Corp. requested a price reduction on the December 11 ve because the merchandise did not meet specifications. Sent Cound Compact memorandum for $2.300 lo resolve the issue December 28 Received the balance due from Courtand Corp. for the sale dated December 11 December 29 Received Global Filter Corp's payment of the amount due from the December 4 sale Please use the and button to change the warunt