journalize the transactions using the perpetual inventory system 654893

July 2

Purchased merchandise on account from Brighton Supply Co. for RM5,100 CIF, terms n/30.

4

Sold merchandise on account for RM6,000 CIF, terms n/30. This merchandise had cost Sunrise

Distributing RM4,500.

5

Paid RM220 freight on July 4 sale.

6

Received credit from Brighton Supply Co. for merchandise returned, RM350.

14

Purchased merchandise for cash, RM4,300.

15

Received refund from supplier on cash purchase of July 14, RM300.

18

Purchased merchandise from Cameo Distributors for RM4,300, FOB Cameo”s warehouse,

terms n/30.

19

Paid freight on July 18 purchase, RM120.

23

Sold merchandise for cash, RM5,900. The cost of this merchandise was RM4,425.

26

Purchased merchandise for cash, RM2,400.

27

Paid Brighton Supply Co. the amount due.

28

Received collections in full from customers billed on July 4.

29

Made refunds to cash customers for defective merchandise, RM100, the cost is RM80.

30

Sold merchandise on account for RM3,900 FOB Sunrise”s warehouse, terms n/30. Sunrise”s cost for this merchandise was RM2,925.