TJ's Toy Store purchased $8,500 of merchandise on June 30. Terms of the purchase were 2/10, n/30. The invoice was paid in full on July 5. TJ's Toy Store uses the perpetual inventory system 6. Prepare the journal entries to record these merchandise transactions (a.) Junc 30 when the merchandisc is purchased and (b.) July 5 when TJ's Toy Store paid for the merchandise