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As the beginning of Jure 2024. Pina Colada Distributing Conpam's ledger showed Cash $17.000. Merchandise inventory 54,960 , and D. Pina Colada, Cabital 521 . 900 . Durine the inonth of kone the coricaip had the following selected transactions: None 1 Purchased $8.800 of merchandise imventary from Sun Supply Co, terms 1/15,n/30. FOB iestination, 2. The correct camparr paid 5220 cash for freight charges on the June 1 purchase. Sold merchandive irvertery to Moose Jaw Retailes for $12.000. The cost of the merchandive was $7.700 and the terms were 2/10, n/30, FOB destination. Lisued a 5800 credit for merchandise returned by Moose Jaw Retaikrs. The merchandive origndily cost $513 and was retumed to inventory The correct compary paid $290 treight en the dune 5 sale. 7 Purchamed 1700 of supplies for cahh. 10. Purchased 54,750 of merchandise inventory from Fey Wholkeders, terms 2/10,n/30 F o0 shigeine point. 10 The correct conpany paid 5120 freight costs on the purchas trom fey Wholecalers. 12 Pexcened a 5250 credit from fey Wholesalers for returned merchandise. 14 Paid Sun 5upply Ca the amount due. 15 Collected the bahcke owing from Moose Jaw Retallers. 19 Sold merehandise foe $7,500cash The cost of this merchandise was $4,500 20 Paid fry Whalesakers the balance owing from the June 10 parchase. 25 Made a 5530 cashrefund to a cashicusiomer for merchandise returned. The returned merchandise had a cost of $318. The merchandive was damuged and could not be resold 30 Sold merchandise to fiever \& Comparry for $4,500, terms w30, FOe shipeine point. Pina Colada's cost for this merchandive was $2.600. Record the transactions assuming Pina Colada uses a perpetual inventory system and the earnings approach. (Credit account tities are autematically indented when the emount is entered. Do not indent manually. If no entry is requitred, select "No Entry" for the account titles and enter of for the amounts. Recard journal entries in the oniler prearnted in the problem. List all debit entries before credit entries)

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