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P5-39B Journalizing purchase and sale transactions payable and 1,2,3 Amusements. No explanations are needed. Identify each accounts accounts receivable with the vendor or customer name. Jart 4 $11.520. Terms 3/10, VEOM, FOB shipping point. Paid freight bill of 5140 on January 4 purchase. 6 8 Journalize the following transactions that occurred in January 2015 for Trishas purchased merchandise inventory on account from Villanueva Company Returned half the inventory purchased on January 4 from Villanueva Company 10 Sold merchandise inventory for cash, 51,440. Cost of goods, $840. FOB destination 11 Sold merchandise inventory to Gillespie Corporation, $12,300, on account, terms of 1/10, 1/EOM. Cost of goods, S6,600. FOB shipping point. 12 Paid freight bill of $50 on January 10 sale. 13 Sold merchandise inventory to Calhoun Company, 511,800, on account, terms of 2/15, 1/45. Cost of goods, S6,360. FOB shipping point. 14 Paid the amount owed on account from January 4, less return and discount. 16 After negotiations, granted a $300 allowance to Gillespie Corporation on January 11 sale. 17 Received defective inventory as a sales return from the January 13 sale, 5720. Cost of goods, 5540 18 Purchased inventory of 54,920 on account from Rocha Corporation. Payment terms were 2/10, 1/30, FOB destination. 20 Received cash from Gillespie Corporation, less allowance and discount. 26 Paid amount owed on account from January 18, less discount. 28 Received cash from Calhoun Company, less return and discount. 29 Purchased inventory from Sexton Corporation for cash, S14,400, FOB shipping point. Freight in paid to shipping company, $240

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