PROBLEMS le points.cach 40 points) transaction listed below, prepare a journal entry IN GOOD FORM to record the dising transactions of the Boston Engine Company, which uses the Perpetual System. (He careful to identify each receivable and payable account) June 2 Purchased merchandise on account from Marvel Company for $22.000 under credit terms of 1/15, net 30, FOB shipping point, invoice dated June 2 DEBIT CREDIT 22,000 DATE Junca ACCOUNT NAME Merchandise inventory ALCount poyable 22.000 4 June 4 Sold merchandise to Spring Company for $15,000 under credit ferms of 210, net 30, FOB destination, invoice dated June 4. The merchandise had cost of $10,000. CREDIT DEBIT 1500 DATE June 4 15.000 ACCOUNT NAME Account receivable Soles aeucnue Cost of goods sold merchandise inventory Todoo 10.000 3. June 5 Paid S600 cash for freight changes on the merchandise purchased on June 2. DEBIT CREDIT DATE June S ACCOUNT NAME Merchandise inuentary cosh 4. June 9 Sold merchandise for $3,900 cash that had a cost of $3,400. DATE CREDIT June 9 Cash 3.900 ACCOUNT NAME DEBIT 3.900 Soles Revenue Cost of goods sold 3,400 Merchandise inventory 3400 Received a 3,000 credit memo from Marvel Company for merchandise returned rom the purchase made on June 2 (relates to question above) ACCOUNT NAME DEBIT CREDIT DATE 6. June 12 Paid the amount due to Marvel Company for the inventory purchased June 2 and took all applicable discounts (relates to question I and above) DERIT CREDIT DATE ACCOUNT NAME 7. June 12 Issued a $1,000 discount allowance to Spring Company for discolored merchandise purchased on June 4 as an incentive to keep the merchandise and not return it. (relates to question 2 above) DATE ACCOUNT NAME DEBIT CREDIT 8. June 14 Received payment from Spring company for the amount they owed and took all applicable discounts (this relates to questions 2 and 7 above) ACCOUNT NAME DEBIT DATE CREDIT 9. June 17 Purchased merchandise inventory from Ace Supply company for $5,000 cash. DATE ACCOUNT NAME DEBIT CREDIT LL 10. June 21 Paid a freight bill in the amount of $400 for product it sold to S Company on June 2 (relates to question 2 above). DATE ACCOUNT NAME DEBIT CREDIT PROBLEM #2 (2 points each: 20 points) The Jamian Company uses special journals to record like transaction to reduce the numb of entries made to the general ledger. For each transaction below indicate which journal should be used by placing the correct letter in the space provided before each transactio type. D. Cash disbursements journal E. General journal A. Sales journal B. Purchase journal C. Cash receipts journal