The Belton Companys records display the following transactions for the month of July. July July 1 Purchased merchandise from Jones Company for $14,800 under credit terms of 1/15, n/30, FOB factory. July 2 Sold merchandise to Terra Co. for $2,600 under credit terms of 2/10, n/60, FOB shipping point. The merchandise had cost $1,950. July 3 Paid $450 for freight charges on the purchase of July 1. July 8 Sold merchandise that cost $3,825 for $5.100 cash. July 9 Purchased merchandise from Keene Co. for $9,100 under credit terms of 2/15, n/60, FOB destination. July 12 Received a $1,500 credit memo acknowledging the return of merchandise purchased on July 9. July 12 Received the balance due from Terra Co. for the credit sale dated July 2. July 13 Purchased office supplies from EastCo on credit, $960, n/30. July 16 Paid the balance due to Jones Company. July 19 Sold merchandise that cost $2,850 to Urban Co. for $3,800 under credit terms of 2/15, n/60, FOB shipping point. July 21 Issued a $300 credit memo to Urban Co. for an allowance on goods sold on July 19. July 22 a debit memo from Urban Co. for an error that overstated the total invoice by $200. July 29 Paid Keene Co. the balance due. July 30 Received the balance due from Urban Co. for the credit sale dated July 19. July 31 Sold merchandise that cost $7,500 to Terra Co. for $10,000 under credit terms of 2/10, n/60, FOB shipping point. Job to do: Prepare general journal entries to record the following perpetual system merchandising transactions of Belton Company. Use a separate account for each receivable and payable; for example, record the purchase July 1 in Accounts PayableJones Company