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The Jewel Box purchases jewellery from around the workd and sels lo local retailers in Canada. Consider the following perpetual system merchandising transactions of The

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The Jewel Box purchases jewellery from around the workd and sels lo local retailers in Canada. Consider the following perpetual system merchandising transactions of The Jeas Box. Use a separabe account for each receivable arid paryable; for exrsitiple, record the purchase on Aspust 1 in Accounts Payablo-Liv Company 4 At Lu Company/e repunst paid $450 for freight cheges on the August 1 parchase, reducing the smourt owed to Lias. 6. Putchased tracelets frem Jave Co, for 50.200 under creditests of 1/10, n/45, FCe shipping point O. Pais 5425 shipping charges related to the August 5 sin to Green Ruty. inventary. price reduction of 5300 . 15. Recelved balance due from Grieen Putyy for the Auguti 5 sale 17 Purchased oflice equipment from WestCo on cedt 57,000 , n/45. merno tor 5280 to rescive the istue. 27 Pecelved Chic Jerwellery's payment of the amourt due from the August 19 purchase. 30 Pald Lou Comparyy the amcunt due from the August 1 purchase Propare General Journal entries to recotd the above transactions Virw vingantioe liat

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