The following is list of accounts each represented by letter(s). Example of Answer: Where each box represents a journal entry line. In first box, G denotes Cash account, 3000 is the amount, D stands for debit. in second box: B denotes Accounts Receivable account, 2000 is the amount. D stands for debit. And in third box: GG denotes Service Revenues, 5000 is the amount, and C stands for credit. The letters are in capital. Don't use dollar sign, decimal point, comma, or space in any place. If in an entry requires more than one debit or credit accounts, first enter debit accounts (in order of dollar amount - large amount to small amount), then the credit accounts (in order of dollar amount - large amount to small amount). Question: JP Company had purchased 2500 units of a merchandise (called XOM) for sale at a cost of $12 per unit from Reynolds Company on account. Sales taxes was 8% which was not included in the price. JP Company was charged $200 for shipping and handling. Terms were 2/10,n/30. JP paid Revnold Company in full within discount period. Provide journal entry for JP for this payment to Reynolds Company. JP is using Perpetual Inventory System. The following is list of accounts each represented by letter(s). Example of Answer: Where each box represents a journal entry line. In first box, G denotes Cash account, 3000 is the amount, D stands for debit. in second box: B denotes Accounts Receivable account, 2000 is the amount. D stands for debit. And in third box: GG denotes Service Revenues, 5000 is the amount, and C stands for credit. The letters are in capital. Don't use dollar sign, decimal point, comma, or space in any place. If in an entry requires more than one debit or credit accounts, first enter debit accounts (in order of dollar amount - large amount to small amount), then the credit accounts (in order of dollar amount - large amount to small amount). Question: JP Company had purchased 2500 units of a merchandise (called XOM) for sale at a cost of $12 per unit from Reynolds Company on account. Sales taxes was 8% which was not included in the price. JP Company was charged $200 for shipping and handling. Terms were 2/10,n/30. JP paid Revnold Company in full within discount period. Provide journal entry for JP for this payment to Reynolds Company. JP is using Perpetual Inventory System