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Prepare journal entries to record the following merchandising transactions of King's, which uses the perpetual inventory system and the gross method. ( Hint: It will

Prepare journal entries to record the following merchandising transactions of King's, which uses the perpetual inventory system and the gross method. (Hint: It will help to identify each receivable and payable; for example, record the purchase on July 1 in Accounts Payable-Carter.)
July 1 Purchased merchandise from Carter Company for $11,200 under credit terms of 115,n30, FOB shipping point, invoice dated July 1.
July 2 Sold merchandise to Martin Company for $3,500 under credit terms of 210,n60, FOB shipping point, invoice dated July 2. The merchandise had cost $2,100.
July 3 Paid $1,165 cash for freight charges on the purchase of July 1.
July 8 Sold merchandise that had cost $4,100 for $6,900 cash.
July 9 Purchased merchandise from Walker Company for $4,800 under credit terms of 215,n60, FOB destination, invoice dated July 9.
July 11 Returned $1,000 of merchandise purchased on July 9 from Walker Company and debited its account payable for that amount.
July 12 Received the balance due from Martin Company for the invoice dated July 2, net of the discount.
July 16 Paid the balance due to Carter Company within the discount period. July 19 Sold merchandise that cost $4,500 to Ryan Company for $6,400 under credit terms of 215,n60, FOB shipping point, invoice dated July 19.
July 21 Gave a price reduction (allowance) of $1,300 to Ryan Company for merchandise sold on July 19 and credited Ryan's accounts receivable for that amount.
July 24 Paid Walker Company the balance due, net of discount.
July 30 Received the balance due from Ryan Company for the invoice dated July 19, net of discount.
July 31 Sold merchandise that cost $7,300 to Martin Company for $12,200 under
July 8 Sold merchandise that had cost $4,100 for $6,900 cash.
July 9 Purchased merchandise from Walker Company for $4,800 under credit terms of 215,n60, FOB destination, invoice dated July 9.
July 11 Returned $1,000 of merchandise purchased on July 9 from Walker Company and debited its account payable for that amount.
July 12 Received the balance due from Martin Company for the invoice dated July 2, net of the discount.
July 16 Paid the balance due to Carter Company within the discount period.
July 19 Sold merchandise that cost $4,500 to Ryan Company for $6,400 under credit terms of 215,n60, FOB shipping point, invoice dated July 19.
July 21 Gave a price reduction (allowance) of $1,300 to Ryan Company for merchandise sold on July 19 and credited Ryan's accounts receivable for that amount.
July 24 Paid Walker Company the balance due, net of discount.
July 30 Received the balance due from Ryan Company for the invoice dated July 19, net of discount.
July 31 Sold merchandise that cost $7,300 to Martin Company for $12,200 under credit terms of 210,n60, FOB shipping point, invoice dated July 31.
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