Prepare journal entries to record the following merchandising transactions of Cabela's, which uses the perpetual inventory system and the gross method. Hvit it will help to identify each receivable and payable; for example, record the purchase on July 1 in Accounts Payable-Boden July 1 Purchased archandise from des company for 4, under credit teres of 2/16/, shipping point, ice cated 2 seld merchandise to Creek Co. For see under credit tres of 2/2, /, shipping point, Paid size cath for freight charges of the purchase of July. Serchandise that had cost $1,000 for $2,200 c ceatedly. The Purchased archandise from Leight Co. for $2, under credit teres of 3/3, n/, FOR destination, isice dated July tamed 5500 of merchandise purchased on July 9 free Leight Co. and debited its account payable for that. 12 received the balance due from creak co for the invece dated July 2, net of the discount. 11 16 Pad the balance due to Boden Company within the discount period. 19 seld merchandise that cost $1,000 to art co. for $1, under credit teres of 2/25, n/s, so shipping point, 21ave a price reduction (alle) of 2 to art co. for serchandise sold on July and credited art's accounts receivable for that. 30 Feceived the balance due from Art Co. for the medce dated July 13, net of disc seld merchandise that cost $5, to creak Co. for $7, under credit teres of 2/, /, F shipping, dated July 31. Journal entry worksheet 17 > Purchased merchandise from Boden Company for 36,500 under credit term of 2/15, 30, FOQ shipping point, invoice dated July. Noter er debit befor Date General Journal Deb Crest Recordy C View ga jual