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Check my work GL04-01 - Based on Problem 4-1A Cabela's Company LO P1, P2 5 points Prepare journal entries to record the following merchandising transactions of Cabela's, which uses the perpetual inventory system and the gross method. (Hint: It will help to identify each receivable and payable; for example, record the purchase on July 1 in Accounts Payable-Boden.) Ask Jul. 1 Purchased merchandise from Boden Company for $6,080 under credit terms of 1/15, n/30, FOB shipping point, invoice dated July 1 Print Jul. 2 Sold merchandise to Creek Co. for $900 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 2. The merchandise had cost $500 ul. 3 Paid $125 cash for freight charges on the purchase of July 1 Jul. 8 Sold merchandise that had cost $1,300 for $1,700 cash ul 9 Purchased merchandise from Leight Co. for $2,200 under credit terms of 2/15, n/60, FOB destination, invoice dated July 9 ul. 11 Received a $200 credit memorandum from Leight Co. for the return of part of the merchandise purchased on July9 Jul. 12 Received the balance due from Creek Co. for the invoice dated July 2, net of the discount. ul. 16 Paid the balance due to Boden Company within the discount period ul. 19 Sold merchandise that cost $800 to Art Co. for $1,200 under credit terms of 2/15, n/60, FOB shipping point, invoice dated July 19 ul. 21 Issued a $100 credit memorandum to Art Co. for an allowance on goods sold on July 19 Jul. 24 Paid Leight Co. the balance due, net of discount Jul. 30 Received the balance due from Art Co. for the invoice dated July 19, net of discount ul. 31 Sold merchandise that cost $4,800 to Creek Co. for $7,ee0 under credit terms of 2/10, n/60, FOB shipping point, invoice 5 dated July 31 General Requirement Journal General Ledger Schedule of Schedule of Receivables Payables Income Statement Impact on Income Trial Balance

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