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The following events pertain to Muscat Corporation for June 2017. Purchased $20,000 of merchandise inventory under terms 2/11, n/45. The goods that were purchased in

  1. The following events pertain to Muscat Corporation for June 2017.
    1. Purchased $20,000 of merchandise inventory under terms 2/11, n/45.
    2. The goods that were purchased in Event a were purchased FOB Shipping. The freight costs of $450 were paid in cash by the responsible party.
    3. Returned $2,500 of the merchandise purchased in Event a.
    4. Paid the amount duo on its account payable within the discount period.
    5. Sold merchandise for $35,000 to a customer on account which had a cost of $15,000.
    6. Customer in Event e returned $3,500 worth of goods that had a cost of $1,950.
    7. Paid selling and administrative expenses for $500 cash.

Required:

Prepare general journal for the above transactions. [10 Marks]

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