Aug. 1 Purchased merchandise from Abilene Company for $7,400 under credit terms of 1/10, n/30, FOB destination, invoice dated August 1 4 At Abilene's request, Stone paid $500 cash for freight charges on the August 1 purchase, reducing the amount owed to Abilene 5 Sold merchandise to Lux Corp. for $5,180 under credit terms of 2/10, n/60, FOB destination, invoice dated August 5. The merchandise had cost $3,699 8 Purchased merchandise from Welch Corporation for $6,700 under credit terms of 1/10, n/45, FOB shipping point, invoice dated August 8. The invoice showed that at Stone's request, Welch paid the S240 shipping charges and added that amount to the bill (Hint. Discounts are not applied to freight and shipping charges.) 9 Paid $130 cash for shipping charges related to the August 5 sale to Lux Corp 10 Lux returned merchandise from the August 5 sale that had cost Stone S616 and been sold for $863. The 9 merchandise was restored to inventory 12 After negotiations with Welch Corporation concerning problems with the merchandise purchased on August 8, Stone received a credit memorandum from Welch granting a price reduction of $1,012 15 Received balance due from Lux Corp. for the August 5 sale less the return on August 10 18 Paid the amount due to Welch Corporation for the August 8 purchase less the price reduction granted 19 Sold merchandise to Trax Co. for $4,440 under credit terms of 1/10, n/30, FOB shipping point, invoice 4 dated August 19. The merchandise had cost $3,081 22 Trax requested a price reduction on the August 19 sale because the merchandise did not mee specifications. Stone sent Trax a $740 credit memorandum to resolve the issue 29 Received Trax's cash payment for the amount due from the August 19 sale 30 Paid Abilene Company the amount due from the August 1 purchase. Prepare journal entries to record the above merchandising transactions of Stone Company, which applies the perpetual inventory system. (Identify each receivable and payable, for example, record the purchase on August 1 in Accounts Payable-Abilene.) (Round your answer to nearest dollar amount. Omit the "$" sign in your response.) 0