The Jewel Box purchases jewellery from around the world and sells to local retailers in Canada Consider the following perpetual system merchandising transactions of The Jewel Box. Use a separate account for each receivable and poyoble; for example, recard the purchose on August 1 in Accounts Payoble-Luu Compony. Aug, 1 Purchased necklaces from liu Conpany for 35, eve under credit terns of 3/10,13/30, F0B dest hnation. 4 At tuu Compary's request, paid $450 fon freight charges on the August 1 purchose, reducing the anount owed to lut. 5 Sold rings to Green fuby for $4,400 under credit terws of 2/10, n/60, fob destination. The rerchandse had cost 52,972 , 5. Purchssed bracelets froe Jane Co, for 56,200 under credit teras of 1/10, a/45, fol shipping polint. 9 Pade 5425 inipping charges related to the Augast 5 sale to Green iluby. 10. Green Ruby returned the nlngs purchased froe the August 5 sale that had cost 5540 end been sold for 5900 . The nerchandise was restored to invehtory. 12 After negotiations with Jane Co concerhinit eroblens with the ecrchandise purchased on ALgust 8 , Pecelved a credit meeo from Iane itranting a price reduction of 5389 . 15. Received balance due frod Green Ruby for the Auzast 5 sale, 17. Purchased of ilce tqulpent from Westco on credit, 37,000,N/4. 16 Pald the anount due Jane Co, for the Aughist if purchese. S1, 990, 22 Chic Jevellery requeited a price reduction on the August 19 iale because the werchandise did cot neet specitications. Sent Chic Jevellery a credt meno for 5250 to reiolve the issue, 20 Rectived chlc Jewellery"s payment of the bount aet from the Aecust 19 purchese. 39 iald tud coepacy the arount due fron the hugust 1 purchase. Prepare General Journal enties to recoro ine above transoctions