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1. Use the worksheet paper attached to record the journa Record the following transactions and events of Bulldog Company in general journal form. If the item does not require a journal entry, write "no entry." Bulldog Company uses the perpetual inventory method and records purchases at the gross amount. (2 points each) a. Purchased inventory for $700,000. All purchases were made on account. b. Made a $150,000 payment on the account balance recorded above. c. Sold merchandise for $600,000. Of this amount, 50% of the sales were made on account; the remainder was cash sales. Cost of the merchandise sold was $420,000 d. Collected $30,000 cash from customers on account. e. Wrote off $4,000 of accounts receivable from Griffin as uncollectible. f. Paid cash to employees of $13,000. These salaries and wages had previously been accrued at the end of the prior month. 8 On December 1, paid $12,000 for 12 months of insurance premiums. h. Purchased land and building for $50,000 cash and a $350,000 mortgage. The land was recently appraised at $60,000 and the building at $340,000. i. Borrowed $50,000 from the bank, to be repaid in two years. j. Placed $7,600 of merchandise on consignment at Joe's Store. af Raumond Corp. at December 31, 2020 based on