Complete this assignment using the Excel workbook provided, and submit your work by the end of Week 3, 115pm To get you started in your new role, Mr. Jones has asked you to prepare the necessary journal entries JEs) for the following transactions, which cccurred in the month just ended. Use a perpetual inventory system. Your debits and credits should equal and the entries should have proper impact on the accounts that are being used. Northridge LLC operates with monthly accounting periods. All of the company's accounting work is completed throogh the end of April, and its ledgers show April 30 balances. Terms for all credit sales are 2/10, n/30, unless otherwise stated. Ma 1 Issued Check No. 3410 to Q&R Management Co. in payment of the May rent 53,710. (Use two lines to record the transaction. aarge 80% of the rent to Rent Expense-Selling Space and the balance to Rent Expense-Office Space.) 2 Sold merchandise on credit to Cole Company, Invoice No. 8785, for $6,100 (cost 2 Issued a S175 credit memorandum to Mercer Co. for defective is S1,100) merchandise sold on April 28 and returned for credit. The total selling price (gross) was $4,725. Received a S798 credit memorandum from Preston Products for the return of merchandise purchased on April 29. 3 Purchased the following on credit from Davis Supply Co.: merchandise, 5 8 4 537,072; store supplies, $574; and office supplies, $83. Invoice dated May 4, terms n/10 EOM Received payment from Mercer Co. for the balance from the April 28 sale less the May 2 return and the discount. Issued Check No. 3411 to Preston Products to pay for the S7098 of merchandise purchased on April 29 less the May 3 return and a 2% discount