Assuming the perpetual inventory system is utilized; prepare the journal entries to record the following transaction for Jemison Jewelers. June 2 Jemison received an invoice for $20,000 from one of its merchandise suppliers. Terms were 2/10,n/30 FOB shipping point. Jemison paid transportation cost on the June 2nd purchase, $1,200. Jemison returned $3,400 of the merchandise billed on June 2nd because it was defective. Jemison sold merchandise on account to Charles Chapman Jewelers for $9.000. Terms were 3/15, n/30 FOB destination Jemison's cost for this merchandise was $3,000. Jemison paid transportation cost on the June 5th sale, $500. Jemison paid the invoice dated June 2nd, less the return and the discount. Charles Chapman Jewelers returned $3,000 of the merchandise from the June 5th sale. Jemison's cost for this merchandise was $1,000. Jemison received payment on the remaining amount due from Charles Chapman Jewelers, less the return and the discount Paid part-time salesperson wages, $1,200. Paid rent, $1,500. Additional Information: (No Journal Entries Necessary) Please use these Beginning Balances for Jun 1, 2019 40,000 40,000 Cash Capital Requirements: 1. Journalize Jemison Jewelers' June transactions. 2. Post Jemison Jewelers's June transactions to T-Accounts. 3. Prepare Jemison Jewelers's Trial Balance as of June 30, 2019. 4. Prepare Jemison Jewelers's Multi-Step Income Statement for the month ended June 30, 2019. 5. Calculate Gross Profit %