Sales-Related Transactions Using Perpetual Inventory System The following selected transactions were completed by Green Lawn Supplies Co., which sells irrigation supplies primarily to wholesaler July 1. Sold merchandise on account to Landscapes Co., $10,700, terms FOB shipping point, n/eom. The cost of merchandise sold was $6,400. 2. Sold merchandise for $25,700 plus 6% sales tax to retail cash customers. The cost of merchandise sold was $16,700. 5. Sold merchandise on account to Peacock Company, $38,000, terms FOB destination, 1/10,n/30. The cost of merchandise sold was $24,700. 8. Sold merchandise for $8,500 plus 8% sales tax to retail customers who used VISA cards. The cost of merchandise sold was $5,100. 13. Sold merchandise to customers who used MasterCard cards, $5,500. The cost of merchandise sold was $3,500. 14. Sold merchandise on account to Loeb Co., $12,800, terms FOB shipping point, 1/10,n/30. The cost of merchandise sold was $7,600. 15. Received check for amount due from Peacock Company for sale on July 5. 16. Issued credit memo for $1,900 to Loeb Co. for merchandise returned from sale on July 14 . The cost of the merchandise returned was $1,100. 18. Sold merchandise on account to Jennings Company, $6,100, terms FOB shipping point, 2/10,n/30. Paid $280 for freight and added it to the invoice. The cost of merchandise sold was $3,700. 24. Received check for amount due from Loeb Co. for sale on July 14 less credit memo of July 16. 28. Received check for amount due from Jennings Company for sale of July 18. 31. Paid Black Lab Delivery Service $1,630 for merchandise delivered during July to customers under shipping terms of FOB destination. 31. Received check for amount due from Landscapes Co. for sale of July 1. Aug. 3. Paid Hays Federal Bank $970 for service fees for handling MasterCard and VISA sales during July Journalize the entries to record the transactions of Green Lawn Supplies Co. For a compound transaction, if no entry is required, leave the entry box blank. \begin{tabular}{|c|ccc|} \hline Date & Account & Debit & Credit \\ \hline July 1-sale & & \\ \hline \end{tabular} \begin{tabular}{|c|cc|c|} \hline Date & Account & Debit & Credit \\ \hline July 1-cost & & \\ \hline \end{tabular} \begin{tabular}{|c|cc|c|} \hline Date & Account & Debit & Credit \\ \hline July 5-sale & & \\ \hline \end{tabular} \begin{tabular}{|c|ccc|} \hline Date & Account & Debit & Credit \\ \hline July 5-cost & & & \\ \cline { 5 - 6 } & & & \\ \hline \end{tabular} \begin{tabular}{|c|cc|c|} \hline Date & Account & Debit & Credit \\ \hline July 14-sale & & \\ \hline \end{tabular} \begin{tabular}{|c|cc|c|} \hline Date & Account & Debit & Credit \\ \hline July 14-cost & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|lc|c|} \hline Date & Account & Debit & Credit \\ \hline July 15 & & & \\ \hline \end{tabular} \begin{tabular}{|l|lll|} \hline \multicolumn{1}{|c}{ Date } & Account & Debit & Credit \\ \hline July 16 & & & \\ return & & & \\ \hline \end{tabular} \begin{tabular}{|c|ccc|} \hline Date & Account & Debit & Credit \\ \hline July 16-cost & & \\ \hline \end{tabular} \begin{tabular}{|c|ccc|} \hline Date & Account & Debit & Credit \\ \hline July 18-sale & & \\ \hline \end{tabular} \begin{tabular}{|lrrr|} \hline \multicolumn{1}{|c}{ Date } & Account & Debit & Credit \\ \hline July 18 & & & \\ freight & & & \\ \hline \end{tabular} \begin{tabular}{|c|ccc|} \hline Date & Account & Debit & Credit \\ \hline July 18-cost & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|lcl|} \hline Date & Account & Debit & Credit \\ \hline July 24 & & & \\ \hline \end{tabular} \begin{tabular}{|l|lcl|} \hline Date & Account & Debit & Credit \\ \hline July 28 & & \\ \hline \end{tabular} \begin{tabular}{|l|lll|} \hline \multicolumn{1}{|c}{ Date } & Account & Debit & Credit \\ \hline July 31- \\ freight & & \\ \hline \end{tabular} \begin{tabular}{|l|lll|} \hline \multicolumn{1}{|c}{ Date } & Account & Debit & Credit \\ \hline July 31- & & & \\ \hline collection & & & \\ \hline \end{tabular} \begin{tabular}{|l|lcl|} \hline Date & Account & Debit & Credit \\ \hline Aug. 3 & & & \\ \hline \end{tabular}