value .25.00 points July 1 Purchased merchandise from Black Company for $6,200 under credit terms of 2/15, n/30, FOB shipping point, invoice dated July 1 2 Sold merchandise to Coke Co. for $900 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 2. The merchandise had cost $517 3 Paid $110 cash for freight charges on the purchase of July 1 8 Sold merchandise that had cost $1,500 for $1,900 cash. 9 Purchased merchandise from Lane Co. for $2,300 under credit terms of 2/15, n/60, FOB destination, 11Received a $300 credit memorandum from Lane Co. for the return of part of the merchandise purchased 12 16 19Sold merchandise that cost $1,000 to AKP Co. for $1,500 under credit terms of 2/15, n/60, FOB shipping 21 24 30 31Sold merchandise that cost $5,000 to Coke Co. for $7,000 under credit terms of 2/10, n/60, FOB shipping invoice dated July 9 on July 9 Received the balance due from Coke Co. for the invoice dated July 2, net of the discount. Paid the balance due to Black Company within the discount period point, invoice dated July 19 Issued a $250 credit memorandum to AKP Co. for an allowance on goods sold on July 19. Paid Lane Co. the balance due after deducting the discount. Received the balance due from AKP Co. for the invoice dated July 19, net of discount. point, invoice dated July 31 Prepare journal entries to record the above merchandising transactions of Bask Company, which applies the perpetual inventory system. (ldentify each receivable and payable; for example, record the purchase on July 1 in Accounts Payable-Black.) (Round your answers to nearest dollar amount. Omit the "$" sign in your response