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.) July 1 Parehased merchandis e Bodes Company for $6,00 rode ter of 2/15, /39. Os shipping point La voice dated July 1. 2 Bold merchandise to Creek Co. for $1.000 de credit tar of 2/10, 1/6, TOB shipping point, invoice dated July 2. The merchandise had cost $533. 3 Paid $105 cash for freight charges on the purchase of July 1. Solderchandise that had coat 51,700 for $2.100 cash. 9 Purebased merchandise from Light Color 02,90 under reditems of 2/15, /60, on destination, invelee dated July 9. 11 Received a $900 credit and Light Co. for the return of part of the land is purchased on July 9. 12 Received the balance de fr Creek o or the vole dately 3. net of the discount 16 Paid the balance due to Bodes Company within the discount period. 19 Sald a ndise that cost $1.000 A ce for $1,500 of 2/15 /60, TOB shipping plat, invoice dated July 19. 21 Towed 5210 credit and to Art O for allowance on odaald on July 19 24 Paid Leight Cohe haland , net of discount 30 Received the balance due from Art Co. for the Lavice dated July 19 t of discount 31 Bold merchandise that coat 85,200 torekce for $7.200 under e t ter of 2/10, 1/60, OB whipping paint Invoice dated July 31