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The Jewel Box purchases jewellery from around the world and sells to local retailers in Canada. Consider the following perpetuoi system merchandising transoctions of The

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The Jewel Box purchases jewellery from around the world and sells to local retailers in Canada. Consider the following perpetuoi system merchandising transoctions of The Jewel Box. Use a separate occount for eoch receivable and payable, for example, recotd the purchase on August 1 in Accounts Payable-Luu Company Aug. I Purchased necklaces from Luu Coepany for 34,300 unden creilit terns of 2/20, n/30, fon destination. 4. At tua Coepany's request, paid \$430 for freight charges on the August i purchase, reducine the anount oned to tus. If Purchased bracelets froe Jane co. for 36,000 under credit teres of 1/10, n/45, Foe thipeing peint. 9 Paid sqes shipping charges related to the August 5 sale to Creen huby. 10 Creen Ruby returned the rines purchased fron the August 5 sale that had cost $520 and been with for sase. The auritardise was restored to inventory. 12 After negotiations with Jane Co, concerning problews with the aerchanifise purchased on August as, received a credit wewirno Tane granting a price reduction of $500. 15 Received balance dise from tireen Ruby for the August 5 sale. 17 Purchased office equipeent from Westco on credit, 36,300, n/45. 18 Paid the amount due Jane Co. for the August 8 purchase. 19 Sold earrings to Chic Jevellery for $2,200 unden crodit terns of 1/10,n/30, foe shipeing point, Ne merchandise had cost $1,070. 22 Chle Jesellery requested a price reduction on the Augast 19 sale because the merchandise did not weot wecifications. Sent Chic Jevellery a credit neeo for $200 to resolve the issue. 29 Received Chic Jewellery's payment of the anount due fron the August 19 purchase, 30 Paid Liai Coopany the amount due from the August 1 purchase. Prepare General Journal entries to record the above transactions

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