Record the Following Transactions for Sparky's Pet Shop Using the General

Essay

Record the following transactions for Sparky's Pet Shop using the general journal form provided below.Assume Sparky's uses a perpetual inventory system.Omit transaction descriptions from entries:
$\begin{array}{|r|l|}\hline \text { Date }&\text { Transaction } \\\hline \text {August 1 }&\text { Purchased \$ 6,000 of merchandise on account, terms 2/10, n/ 30 . }\\\hline 3&\text { Returned \$ 1,500 of merchandise purchased on August 1 due to defects. }\\\hline 7&\text { Recorded cash sales for the first week of August, \$ 9,750 ; cost of the }\\&\text { merchandise was \$ 4,000 . }\\\hline 10&\text { Made sale on account to a local breeder for \$ 500 , terms 1 / 10 net 30 ; cost of the }\\&\text { merchandise was \$ 200 }\\\hline 11&\text { Paid for the merchandise purchased on August 1, less return }\\\hline 20 &\text { Received payment from sale of August 10. }\\\hline \end{array}$