Requirement General Journal General Ledger Trial Balance Schedule of Receivables Schedule of Payables Income Statement Impact on Income Journalize the merchandising transactions. The General Ledger, trial balance, and schedules of accounts receivable and accounts payable will be updated based on your entries. View transaction list Journal entry worksheet 2 3 4 5 6 8 ..... 16 Aug. 1) Purchased merchandise from Aron Company for $7,500 under credit terms of 1/10, n/30, FOB destination, invoice dated August 1. Note: Enter debits before credits. Credit Date Aug 01 Account Title Merchandise inventory Accounts payable - Aron Debit 7,500 7,500 Record entry Clear entry View general Journal