Prepare journal entries for October, 2023 to record the following transactions for Benson Inc. Assume a perpetual inventory system. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/ Jan). a. October 3: Benson Inc. purchased merchandise on credit from Callaho Inc., terms 2/10, n/60, $5,300, FOB destination. b. October 17: Benson Inc. purchased supplies by paying $500. c. October 19: Benson Inc. purchased merchandise from Bentley Inc. for $5,000 under credit terms of 2/15,n/60, FOB destination. d. October 21: After negotiations with Callaho Inc. concerning problems with the merchandise purchased on October 3 , received a credit memorandum granting a price reduction of $1,200. e. October 29: Paid Callaho Inc. the amount due from the October 3 purchase. f. October 31: Paid the balance due to Bentley Inc
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