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 payable; for example, record the purchase on August 1 in Accounts Payable-Luu Company, Aug. 1 Purchased necklaces from Luu Company for $3,300 under credit terms of 2/10, n/30, ron destination. 4 At Luu Company's request, paid $280 for freight charges on the August 1 purchase, reducing the amount owed to Lau. 5 Sold rings to Green Ruby for $3,380 under credit terms of 2/10, n/60, FOB destination. The merchandise had cost $2,120. 8 Purchased bracelets from Jane Co. for $4,500 under credit terms of 2/10, n/45, FOB shipping point. 9 Paid $255 shipping charges related to the August 5 sale to Green Ruby. 10 Green Ruby returned the rings purchased from the August 5 sale that had cost $370 and been sold for $730. The merchandise was restored to inventory. 12 After negotiations with Jane Co. concerning problems with the merchandise purchased on August 8, received a credit memo from Jane granting a price reduction of $500. 15 Received balance due from Green Ruby for the August 5 sale. 17 Purchased office equipment from WestCo on credit, $5,300, n/45. 18 Paid the amount due Jane Co. for the August 8 purchase. 19 Sold earrings to Chic Jewellery for $2,650 under credit terms of 2/10, n/30, FOB shipping point. The merchandise had cost $1,160. 22 Chic Jewellery requested a price reduction on the August 19 sale because the merchandise did not meet specifications. Sent Chic Jewellery a credit memo for $200 to resolve the issue. 29 Received Chic Jewellery's payment of the amount due from the August 19 purchase. 30 Paid Luu Company the amount due from the August 1 purchase. Prepare General Journal entries to record the above transactions. View transaction list Prepare General Journal entries to record the above transactions. View transaction list Journal entry worksheet 2 3 4 5 6 7 8 17 > Record the purchased goods; terms 2/10, n/30, FOB destination. Note: Enter debits before credits. Date Aug 01 General Journal Debit Credit Record entry Clear entry View general journal Prepare General Journal entries to record the above transactions. View transaction list Journal entry worksheet Record the paid freight for Luu Company. Note: Enter debits before credits. Date Aug 04 7 8 17 General Journal Debit Credit View general journal Record entry Clear entry View transaction list Journal entry worksheet 2 3 4 5 6 7 8 Record the sold goods; 2/10, n/60, FOB destination. Note: Enter debits before credits. Date Aug 05 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 2 3 Record the cost of the August 5 sale. Note: Enter debits before credits. Date Aug 05 5 6 7 8 17 General Journal Debit Credit View general journal Record entry Clear entry Prepare General Journal entries to record the above transactions. View transaction list Journal entry worksheet < 1 2 3 4 5 Record the purchased goods; 2/10, n/45, FOB shipping point. Note: Enter debits before credits. Date Aug 08 General Journal Debit Credit 17 View general journal Record entry Clear entry Prepare General Journal entries to record the above transactions. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8. 17 Record the shipping charges paid on August 5 sale. Note: Enter debits before credits. Date Aug 09 General Journal Debit Credit View general journal Record entry Clear entry View transaction list Journal entry worksheet 3 4 5 6 7 8 17 Record the sales returned by customer. Note: Enter debits before credits. Date Aug 10 General Journal Debit Credit View general journal Record entry Clear entry View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 17 Record the goods returned to inventory. Note: Enter debits before credits. Date Aug 10 General Journal Debit Credit View general journal Record entry Clear entry View transaction list Journal entry worksheet < 1 4 5 6 7 8 9 17 Record the receipt of credit memo for August 8 purchase. Note: Enter debits before credits. Date Aug 12 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 5 6 7 B 9 10 17 Record the receivable collected for Green Ruby. Note: Enter debits before credits. Date Aug 15 General Journal Debit Credit View general journal Record entry Clear entry View transaction list Journal entry worksheet 1 6 7 8 9 10 11 17 Record the purchased office equipment. Note: Enter debits before credits. Date Aug 17 General Journal Debit Credit View general journal Record entry Clear entry View transaction list Journal entry worksheet 1 7 8 9 10 11 Record the payment for Jane Co. Note: Enter debits before credits. Date Aug 18 12 12 17 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 1 8 9 10 11 12 13 17 Record the sold goods; terms 2/10, n/30, FOB shipping point. Note: Enter debits before credits. Date Aug 19 General Journal Debit Credit View general journal Record entry Clear entry View transaction list Journal entry worksheet < 1 9 10 11 12 13 14 17 Record the cost of the August 19 sale. Note: Enter debits before credits. Date Aug 19 General Journal Debit Credit View general journal Record entry Clear entry View transaction list Journal entry worksheet < 1 9 10 11 12 13 14 17 Record the cost of the August 19 sale. Note: Enter debits before credits. Date Aug 19 General Journal Debit Credit View general journal Record entry Clear entry View transaction list Journal entry worksheet 1 10 11 12 13 33 14 15 17 Record the transaction for the issue of credit memo. Note: Enter debits before credits. Date Aug 22 General Journal Debit Credit View general journal Record entry Clear entry View transaction list Journal entry worksheet < 1 10 11 12 13 14 15 15 Record the receivable collected within the discount period. Note: Enter debits before credits. Date Aug 29 16 17 General Journal Debit Credit View general journal Record entry Clear entry View transaction list Journal entry worksheet < 1 10 11 12 13 14 15 Record the payment to vendor for credit transaction. 16 16 17 General Journal Debit Credit Note: Enter debits before credits. Date Aug 30 View general journal Record entry Clear entry