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 Aup. 1 Purchased necklaces from Lu Company for $3,900 under credit terms of 2/10, 1/30, FOB destination 4 At Luu Company's request, paid $340 for freight charges on the August 1 purchase, reducing the amount owd to tuu. 5 Sold rings to Green Ruby for $3,740 under credit terns of 2/10, 1/60, FOB destination. The merchandise had cost $2,420. B. Purchased bracelets from Jane Co. for 55,100 under credit terits of 2/10, 1/45, TOB shipping point. 9 Pald $315 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 $430 and been sold for $790. The merchandise was restored to inventory. 12 After negotiations with Jane Co. concerning problems with the merchandise purchased on August 8, received a credit meno from Jane wanting price reduction of $500 15 Received balance due from Green Ruby for the August 5 sale. 17 Purchased office equipment from West Coon credit, 55,900, 1/45. 18 Paid the amount due Jane Co. for the August 7 purchase. 19 Gold earrings to Chic Jewellery for $2,350 under credit terms of 2/19, n/30, FOB shipping point. The merchandise had cost $1,100. 22 Chic Jewellery requested a price reduction on the August 19 sale because the merchandise did not meet specifications. Sent Chic Jewellery a credit nema for $200 to resolve the issue 29 Received Chic Jewellery's payment of the amount due from the August purchase 10 Pald Lou Company the mount due from the August 1 purchase Prepare General Journal entries to record the above transactions View transaction in Journal entry worksheet 1 *** 17 Record the purchased goods: terms 2/10, 1/30, FOB destination