The Jewel Box purchases jewellery from around the world and sells to local retaliers in Canada. Consider the following perpetual system merchandising transactions of The Jewel Box. Use a separate account for each recelvable and payable; for example, record the purchase on August 1 in Accounts Payable-Luu Company. Aug. 1 Purchased necklaces fron Lvu Conpany for \$44,5ee under credit terms of 2/10, nyas, roe destination. At Luu Company's request, paid 14ae for freight eharges on the August 1 purchase, reducing the anount oved to Luy. 5. Sold rinas to Green Ruby for 34, 180 under credit terms of 2/10, n/60, roe destination. The nerchandise had cost $2,720. 8 Purchased bratelets from Jane Co. for $5, 7ee under credit teras of 1/10,9/45, roo shipping point. 9 Paid 5375 shipping charges retated to the August 5 sale to Green Ruty. 10. Green fuby returned the rings purchased fron the Auputt 5 sate that had cost suse and been sold for 1ase. The merchandise was restored to inventory. 12 After negotiations with Jase Co. concerning problens with the merchandise purchased an August o, received a credit nene from Jane granting a price reduction of ssee. 15 Meceived balance due fron Green nuby for the August 5 sale. 17 Purchased office equipent from Westco on credit, 16, Sele, n/45. in Paid the anount due Jane Co. for the August in purchase. 29 Sold tarrings to Chic levellery for \$2, ese under credit terns of 2/10, of3e, foe shipeing point. The lerchandise Had cost 11, e4e. 22 Chic Jevellery requested a price reduction on the August is sale because the nerchandise did not neet specifications. Sent chic jeweltery a credit nene for 320 a to resolve the isscin. 29 Necelved Chic Jeenellery's payment of the aneunt due fron the posust 19 purchase. 30. Paid tuy Conpany the anount due fran the Augost i purchase. Prepare General Journal entries to record the above tramsoctions