Prepare journal entries to record the merchandising transactions below for August 2019, assuming the perpetual inventoy system is used.

First, I wanted to check and see whether I completed the General Journal correctly. Second, I need some help completing parts A and B.

Thank you!

TRANSACTIONS FOR REQUIREMENT (1): Presented below are selected inventory transactions for Baseball Express, Inc. during August 2019: Aug. 2 Purchased $25,750 of merchandise on credit from Wilson Sporting Goods, terms 2/10, net 30, FOB Shipping Point. Paid $240 of shipping cost to USPS for the merchandise purchased on August 2, Sold $5,500 of merchandise to Red Stitches Baseball Academy, terms 3/10, net 30, FOB Destination. Cost of merchandise was $2,200. Paid $180 of shipping cost to FedEx for the merchandise sold on August 7. Returned for credit on account $5,200 of merchandise purchased from Wilson Sporting Goods on August 2 Paid Wilson Sporting Goods the balance due from the August 2 purchase less the August 9 return (hint: payment is within discount period). Sold $7,800 of merchandise for cash, FOB Shipping Point. Cost of merchandise was $3,150, Red Stitches Baseball Academy returned $1,500 of merchandise sold on August 7 for credit on account. Cost of merchandise returned, $600, Received payment in full from Red Stitches Baseball Academy for the balance due from the August 7 sale less the August 14 return (hint: within the discount period). Purchased merchandise from Easton Diamond Sports, Inc. $6,300 cash. 23 Page 125 W OLVE PROBLEM 2 (CHAPTERS 2, 5, 6, 8) TRANSACTIONS FOR REQUIREMENT (2) na saseball Express, Inc. has a beginning of the year balance in Allowance for Doubtful Accounts On On December 31, the following events occurred related to accounts receivables Record the write-off of $1,200 of uncollectible accounts receivable due from customers. After recording (a) above, management provides the following aging schedule of accounts recente repare the year-end adjusting journal entry for bad debts using the allowance method, estimated using the percentage of receivables basis from the aging schedule. Accounts Receivable $ 32,500 8,700 Estimated Percentage Uncollectible 1% Estimated Uncollectible Amount $ 325 $435 Current Accounts 1-30 days past due 31-60 days past due 61-90 days past due Over 90 days past due Totals 3,750 2,340 5% 10% 25% $ 375 1 200 60% $720 2440 $ 48.490 Page 127 COMPREHENSIVE PROBLEM 2 (CHAPTERS 2, 5, 6, 8) DATE CREDIT GENERAL JOURNAL ACCOUNT TITLES REQUIREMENT (1) JOURNAL ENTRIES: DEBIT 2019 45750 TH111 3575 240 5500 5500 22.00 2200 150 Augusta Inventory Account Pandie Wilson Sporting Goods August Shipping Expense! August 7 Accants Receivable Sales Revenue Lost & Gout Sold huntry August & Shipping Expense August 9 Accounts Payable Wilson Sporting Goods August 2 Arcant Parable-Wilson Sporting Goods Ash (26750-17.00)-(20890a%) August 13 Cash Sales Revenue lest of goods Sold 1300 5200 20139 120139 7800 TOG - 3150 August 14 Sales Returns & Allowances 1500 -- 1500 watan Use of acus Solo 600 3550 August 17 how do 3580 Avant Reemale (9570-1500-6000.36) Agust 23 lountry licha 6200 6300 REQUIREMENT (2) JOURNAL ENTRIES: (a) Dec. 31 (b) Dec. 31