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Problem (15 points): Presented here are selected transactions for the Martine Company during July. Martine uses the perpetual inventory system. July 1 Sold merchandise to

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Problem (15 points): Presented here are selected transactions for the Martine Company during July. Martine uses the perpetual inventory system. July 1 Sold merchandise to Home Company for $1,000, terms 2/10, 1/30. The merchandise sold had a cost of $500. Purchased merchandise from Sams Corporation for $4,000, terms 1/10, 130. Purchased merchandise from Ryan Company for $5,000, 1/30. 10 Received payment from Home Company for purchase of July 1 less appropriate discount. 11 Paid Sams Corporation for July 2 purchase. Instructions: Journalize the July Transactions for Martine Company. Date Account Title Dr

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