The following are perpetual system merchandising transactions for Avengers Corp.

Sep 1	Purchased merchandise from Loki Inc. for $12,500; terms 2/5, n/15, FOB destination
Sep 4	At Loki Inc.s request, paid $780 for freight charges on the September 1 purchase, reducing the amount owed to Loki Inc.
Sep 5	Sold merchandise to Thor Ltd. for $14,700; terms 2/5, n/15, FOB destination. The merchandise cost $11,250)
Sep 8	Purchased $6,800 of merchandise from Marvel Suppliers; terms 1/10, n/20, FOB shipping point
Sep 9	Paid $415 shipping charges related to the Sep 5 sale to Thor Ltd.
Sep 10	Thor Ltd returned the merchandise purchased from the September 5 sale that had cost $960 and been sold for $1,300. The merchandise was restored to inventory.
Sep 12	After negotiations with Marvel Suppliers concerning problems with the merchandise purchased on September 8, received a credit memo from Marvel granting a price reduction of $500
Sep 15	Collected the amount owing from Thor Ltd. regarding the June 5 sale
Sep 17	Purchased office equipment from Wakanda for $10,100; terms n/60
Sep 18	Paid Marvel Suppliers for the September 8 purchase
Sep 19	Sold merchandise to Stark Enterprises for $4,300 under credit terms 3/10, n/30, FOB shipping point. The merchandise cost $2,200.
Sep 22	Stark Enterprises requested a price reduction on the September 19 sale because the merchandise did not meet specifications. Sent Stark a credit memo for $600 to resolve the issue.
Sep 29	Collected the amount owing from Stark Enterprises for the Sep 19 purchase.
Sep 30	Paid Loki Inc. the amount due from the August 1 purchase.

Required using the worksheets provided

1. Prepare general journal entries to record the above transactions. Use a separate account for each receivable and payable.