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 $3,700 under credit terms of 3/10, n/30, To destination. 4 At Luu Company's request, paid $320 for freight charges on the August 1 purchase, reducing the mounted to tuu. 5 Sold rings to Green Ruby for $3,620 under credit terms of 2/10, 1/60, FOB destination. The merchandise had cost $2,320. 8 Purchased bracelets from Jane Co. for $4,900 under credit terws of 1/10, 1/45, FOB shipping point. 9 Paid $295 shipping charges related to the August 5 sale to Green Ruby. 1e Green Ruby returned the rings purchased from the August 5 sale that had cost $410 and been sold for $770. The merchandise was restored to inventory. 12 After negotiations with Jane Co. concerning problems with the merchandise purchased on August 8, received a credit from Jane granting a price reduction of $400. 15 Received balance due from Green Ruby for the August 5 sale. 27 Purchased office equipment from Westco on credit, 55,700, W45. 18 Paid the amount due Jane Co. for the August 8 purchase. 19 Sold earrings to Chic Jewellery for $2,458 under credit terms of 1/10, 1/30, FB shipping point. The merchandise bad cost $1,120. 22 Chic Jewellery requested a price reduction on the August 19 sale because the merchandise did not set specifications. Sent chic Jewellery o credit neno for $250 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