Prepare journal entries to record the following merchandising transactions of Cabela's, which uses the perpetual inventory system andthe gross method.July $1$ Purchased merchandise from Boden Company for $$6,000$ under credit terms of $2/15,$ n$/30,$ FOB shipping point,invoice dated July $1.$July $2$ Sold merchandise to Creek Company for $$950$ under credit terms of $2/10,$ n$/60,$ FOB shipping point, invoice datedJuly $2.$ The merchandise had cost $$500.$July $3$ Paid $$110$ cash for freight charges on the purchase of July $1.$July $8$ Sold merchandise that had cost $$1,300$ for $$1,700$ cash.July $9$ Purchased merchandise from Leight Company for $$2,500$ under credit terms of $2/15,$ n$/60,$ FOB destination, invoicedated July $9.$July $11$Returned $$500$ 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 $16$ Paid the balance due to Boden Company within the discount period.July $19$ Sold merchandise that cost $$1,200$ to Art Company for $$1,800$ under credit terms of $2/15,$ n$/60,$ FOB shippingpoint, invoice dated July $19.$July $21$ Gave a price reduction $($allowance$)$ of $$300$ to Art Company for merchandise sold on July $19$ and credited Art'saccounts receivable for that amount.July $24$ Paid Leight Company the balance due, net of discount.July $30$ Received the balance due from Art Company for the invoice dated July $19,$ net of discount.July $31$ Sold merchandise that cost $$4,800$ to Creek Company for $$7,100$ under credit terms of $2/10,$ n$/60,$ FOB shippingpoint, invoice dated July $31.$July $24$th and july $30$th plz