use perpetual inventary formula

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 1Purchased necklaces from the Company for $4,200 under credit terms of 2/10, on destination 4 At Luu Company's request, paid $370 for freight charges on the August 1 purchase doing them to Sold rings to Green Huy for $3,920 under credit terms of 1/10, 1/60Fos destination. The merchandise. Purchased bracelets from Jane ce for 55.000 under Credit terms of 3/10, 1/45, shipping point 9 Paid $345 shipping charges related to the August 5 sale to Green Buy 10 Green Ruby returned the rings purchased from the August state that had cost 1460 and been sold for the chaise was restored to inventory 12 After negotiations with Jane Coi concerning problems with the archandise purchased on received a credits Pane rating a price reduction of $500. 15 Received balance due from Green Ruby for the Augusta 17 Purchased office equipment from westcoon credit, 56,200, 1/45 13 Paid the mount due ateco for the August purchases 19 Sold carring to Chie Sewellery for $1.200 under credit terus of 1/10, 1/30, Pod shipping point. The seconds and cost $1,010 22 Chillery requested price reduction on the August 19 sole because the merchandise did not specification Sant Chle ellery credit nemo for $200 to resolve the issue. 29. Received chic Tewellery payment of the amount due from the Rogust 15 purchase 30 Paid Luu Company the amount due from the August 1 purchase Prepare General Journal entries to record the above transactions Chapter Graded homework #5 View transaction 11 Journal entry worksheet 17 > Record the purchased youdai; terms 20, 20, e destination CH 200 Aug 01 Merchandise inwentary Accounts payable Company Per 11 12 Noxt > ME