The Jewel Box purchases jewellery from around the world and sells to local retalers in Canada. Consider the following perpetual system merchandising transactions of The Jewel Box. Use a separate account for each receivable and payable; for example, record the purchase on August 1 in Accounts Payable-Luu Company. Aush. 1 Furchased necklaces from Lue Coegany for 34,800 under credit taras of 2/10,n/30, fob destination. 4 At tou Company's request, paid \$330 fon freight charges on the Auguat 1 purchase, reduc ing the arount loued to toul. 5 Sold rings to Green lluby for $4,280 under credit termi of 2/10,n/60, foll destination. The merchandise had cost 52 , tre. Burchased bracelets from Jane Co. for 36 , 00e under credit teres of 1/10, n/45, Fon thippine point. 9. Paid M0S shisping charees related to the Mugust 5 sale to fireen Muby. 10 Green Miby returned the rings purchased from the August 5 sale that had cost $520 and been woid for state. the archandise was restored to inventory. 12 After negotiations with Jane Co. concerning probleas with the Arichandise purchased an August B, received a crealit majifro 3ane granting a price reduction of $s.00. 15 focelved talance due fram Green muby for the August 5 iale-. 17 Purcilased office equipeent fron Westco on credit, \$6, 30e, n/45. 18 Paid the anount diwe Jane Co. for the August II purchase. 19 5old earrings to Chic Jewellery for $2,200 under credit teres of 1/10,m/33, foe shipping point. The archandise had cost \$1, e7e. 22 Chic Jesellery requested a price reduction on the August 19 sale because the mechundise did not aeet specifications. Sent Chic Jenellery a credit mee for $200 to resolve the Issue. 29. Hecelved Chic Jesellery's paynent of the anount due froe the Mugust 19 purchase. 30 Baid tue conpany the aeount due from the August 1 purchase. Prepare General Jaurnal entries to record the above tranisactions