QUESTION 1 10 poi Everest Retailer records its merchandises using the perpetual inventory system. Below are transactions that occurred in the month of July 2020. July 1st. Purchased, on account, merchandises from Bob Wholeseller for $250,500. The relevant party paid the freight (FOB Destination) by cash. Credit terms were 3/10,n/30. July 3rd. Everest Retailer returned merchandises valued at $15,000 to Bob Wholeseller. July 10th. Everest Retailer settled its account with Bob Wholeseller. Please prepare the journal entries for Everest Retailer in the diagonal box TT TT Paragraph Arial 3 (12pt) F - T- % Da T'T O fx Mashups 66 HTML CSS