The following are merchandising transactions of Stone Company, which applies to the periodic inventory system. July 1 Purchased merchandise from Abilene Company for $6,000 under credit terms of 1/10,n/30, FOB destination. July 4 At Abilene's request, Stone paid $. 100 cash for freight charges on the luly 1 purchase, reducing the amount owed to Abilene. July 5 Sold merchandise to Lux Corp. For$ 4,200 under credit terms of 2/10, n/60, FOB destination. The merchandise had cost $. 3,000. July 8 Purchased merchandise from Welch Corporation for $. 5,300 under credit terms of 1/10, n/45, FOB shipping point. The invoice showed that at Stone's request, Welch paid the $. 240 shipping charges and added that amount to the bill. (Hint: Discounts are not applied to freight and shipping charges). July 2 Paid $. 120 cash for shipping charges related to the luly 5 sale to Lux Corp. Lux returned merchandise from the July 5 sale that had cost Stone $. 500 and been sold for $. 700. The merchandise was restored to inventory. July 10 July 12 After negotiations with Welch Corporation concerning problems with the merchandise purchased on July 8, Stone received a credit memorandum from Welch granting a price reduction of $. 800. July 15 Received balance due from Lux Corp. for the July 5 sale. July 18 Paid the amount due Welch Corporation for the July 8 purchase. July 19 Sold merchandise to Rax Co. for $. 3,600 under credit terms of 1/10, n/30, FOB shipping point. The merchandise had cost$ 2,500. July 22 Rax requested a price reduction on the July 19 sale because the merchandise did not meet specifications. Stone sent Rax a$ 600 credit memorandum to resolve the issue. July 29 Received Rax's cash payment for the amount due from the July 19 sale. July 30 Paid Abilene Company the amount due from the July 1 purchase. a) Prepare the subsidiary ledger, receivables ledger only. B)Prepare the general ledger (account payable control account is not required