Prepare journal entries to record the following merchandising transactions of Cabela's, which uses the perpetual Inventory system and the gross method July 1 Purchased merchandise from Boden Company for $6,200 under credit terms of 2/15, 1/30, FOB shipping point, invoice dated July 1. July 2 sold merchandise to Creek Company for $950 under credit terms of 2/10, n/60, POB shipping point, invoice dated July 2. The merchandise had cost $517. July 3 Paid $135 cash for freight charges on the purchase of July 1. July 9 purchased merchandise from Leight Company for $2,600 under credit terms of 2/15, 1/60, POB destination, invoice July 11 Returned $600 of merchandise purchased on July 9 from Leight Company and debited its account payable for that amount. July 12 Received the balance due from Creek Company for the invoice dated July 2, net of the discount. July 19 sold merchandise that cost $1,200 to Art Company for $1,800 under credit terns of 2/15, 1/60, POB shipping July 21 Cave a price reduction (allowance) of $300 to Art Company for merchandise sold on July 19 and credited Art's accounts receivable for that amount. July 24 Paid Leight Company the balance due, net of discgunt. July 30 Received the balance due from Art Company for the invoice dated July 19, net of discount. July 31 sold merchandise that cost $5,000 to Creek Company for $3,300 under credit torms of 2/10, 1/60, you shipping point, Invoice dated July 31. View transaction list Journal entry worksheet Purchased merchandise from Boden Company for $6,200 under credit terms of 2/15, 1/30, FOB shipping point, invoice dated July 1. Journal entry worksheet ..... Sold merchandise to Creek Co. for $950 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 2. Note: Enter debits before credits. Date General Journal Debit Credit July 02 Record entry Clear entry View general Journal Journal entry worksheet ..... Record the cost of merchandise sold, $517. Note: Enter debits before credits. General Journal Debit Credit Date July 02 Record entry Clear entry View general journal Journal entry worksheet ..... Record sale of merchandise for $1,900 cash. Note: Enter debits before credits. Date General Journal Debit Credit July 08 Record entry Clear entry View general Journal Journal entry worksheet Record cost of merchandise sold, $1,500. Note: Enter debits before credits. General Journal Debit Credit Date July 08 Record entry Clear entry View general Journal Journal entry worksheet Purchased merchandise from Leight Co. for $2,600 under credit terms of 2/15, n/60, FOB destination, invoice dated July 9. Note: Enter debits before credits. Date General Journal Debit Credit July 09 Record entry Clear entry View general Journal Journal entry worksheet 3 .... Returned $600 of merchandise purchased on July 9 from Leight Co. and debited its account payable for that amount. Note: Enter debits before credits. General Journal Debit Credit Date July 11 Record entry Clear entry View general Journal Journal entry worksheet