Business, 12.03.2021 15:00 maddyclark19

July 1. Purchased merchandise from Boden Company for $6,100 under credit terms of 2/15, n/30, FOB shipping point, invoice dated July 1.
2. Sold merchandise to Creek Co. for $950 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 2. The merchandise had cost $508.
3. Paid $120 cash for freight charges on the purchase of July 1. 8 Sold merchandise that had cost $1,400 for $1,800 cash.
9. Purchased merchandise from Leight Co. for $2,700 under credit terms of 2/15, n/60, FOB destination, invoice dated July 9.
11. Returned $700 of merchandise purchased on July 9 from Leight Co. and debited its account payable for that amount.
12. Received the balance due from Creek Co. for the invoice dated July 2, net of the discount.
16. Paid the balance due to Boden Company within the discount period.
19. Sold merchandise that cost $1,000 to Art Co. for $1,500 under credit terms of 2/15, n/60, FOB shipping point, invoice dated July 19.
21. Gave a price reduction (allowance) of $250 to Art Co. for merchandise sold on July 19 and credited Art's accounts receivable for that amount.
24. Paid Leight Co. the balance due, net of discount.
30. Received the balance due from Art Co. for the invoice dated July 19, net of discount.
31. Sold merchandise that cost $4,900 to Creek Co. for $7,100 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 31.

Required:
Prepare journal entries to record.

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July 1. Purchased merchandise from Boden Company for $6,100 under credit terms of 2/15, n/30, FOB s...

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