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. lemison 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. 30 Paid rent, $1,500. Additional Information: (No Journal Entries Necessary Please use these Beginning Balances for Jun 1, 2019 Cash Capital 40,000 40.000 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. S. Calculate Gross Profit : **ALL FINANCIAL STATEMENTS MUST BE COMPLETE WITH PROPER 3-LINE HEADING- **COMPLETE ENTIRE PACKET NEATLY USING PENCIL, NO INK