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Ivanhoe Mercantile, a home dcor shop, completed the following merchandising transactions in the month of August. Aug. 1 6 9 20 21 25 30 Purchased pillows and other inventory from Goodman and Co. $2,400 (including freight), terms 2/10, n/30. Received $100 credit for pillows returned to Goodman and Co. Paid Goodman and Co. in full. Purchased towels from Savon Company $800, terms 1/15, n/30, FOB shipping point. Paid freight $200 for inventory purchased from Savon Company Received an allowance of $200 for towels that were the incorrect color. Paid Savon Company in full. Journalize the transactions using a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

IVanhoe Mercantile, a home dcor shop, completed the following merchandising transactions in the month of August. Aug. 1 Purchased pillows and other inventory from Goodman and C0.$2,400 (including freight), terms 2/10,n/30. 6 Received $100 credit for pillows returned to Goodman and C0. 9 Paid Goodman and Co. in full. 20 Purchased towels from Savon Company $800, terms 1/15,n/30, FOB shipping point. 21 Paid freight $200 for inventory purchased from Savon Company 25 Received an allowance of $200 for towels that were the incorrect color. 30 Paid Savon Company in full. Journalize the transactions using a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

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