Record the journal entries of Beaver Co. for each of the transactions provided below: Plus RUMENTS Cr ST ON/OFF FV RAND 31 Pr Transactions EXAMPLE: Obtain a $10,000 loan at the bank SALES TRANSACTIONS: 1. On June 1, Beaver Co. provides services to its customers for $15,000 on account, terms 2/10, n/30. 2. On June 9, Beaver Co. receives the amount due from the customer for the June 1 sale (Hint: pay attention to the terms). 3. On June 10, sells inventory costing $2,400 to a customer for $4,000 cash (Hint: don't forget to record both Sales and COGS). Accounts EXAMPLE: DR Cash CR Note Payable INVENTORY PURCHASE TRANSACTIONS: 4. On June 15, Beaver Co. purchases $25,000 of inventory on account (terms 3/10, n/30). 5. On June 20, Beaver Co. returns $5,000 of the inventory purchased on June 15. 6. On June 24, Beaver Co. pays the amount due for the inventory purchased on June 15. (Hint: don't forget to consider terms and return in #5). OTHER TRANSACTION: 7. On June 30, Beaver Co. lends an employee $4,000. The employee signs a 5% 120-day note. Page 7 of 10 Debit Credit 10,000 10,000