Journalize the following transactions for Dukes of Hazzzzzzard, Inc. They are a boot retailer. They use...

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Journalize the following transactions for Dukes of Hazzzzzzard, Inc. They are a boot retailer. They use PERPETUAL inventory. 9.5.14 9.10.14 9.15.14 Purchased $40,000 of boots on account from Laizy Daizy, Inc. Terms were 5/10 n/30. Inventory Accounts Payable Returned $3,000 of boots to Laizy Daizy, Inc. Accounts Payable 40000 Inventory 3000 40000 3000 Received a freight bill from Billy Bob for $700. Invoice related to the shipment of boots received from Laizy Daizy, Inc. on 9.5.14. Terms were FOB Destination. No journal entry, Buyer does not pay shipping, the seller pays 9.17.14 Sold $6,000 of boots to Boss Hawg on account. Terms were 3/10 n/30. The boots cost to Dukes of Hazzzzzzzard, Inc. was $3,000. 9.20.14 Boss Hawg returned $1,000 of the boots sold on 9.17.14. 10.2.14 Boss Hawg paid the full amount due. 10.5.14 Paid Laizy Daizy the amount due. QUESTIONS 1. How much does Boss Hawg owe at the end of September 2014? 2. What is the balance in the Sales Discount account at the end of September 2014? 3. What is the balance in the Purchases account at the end of September 2014? 4. How much does Dukes of Hazzzzzzard, Inc. owe Laizy Daizy at the end of September 2014? 5. What is the balance in the Inventory account at the end of September 2014? Journalize the following transactions for Dukes of Hazzzzzzard, Inc. They are a boot retailer. They use PERPETUAL inventory. 9.5.14 9.10.14 9.15.14 Purchased $40,000 of boots on account from Laizy Daizy, Inc. Terms were 5/10 n/30. Inventory Accounts Payable Returned $3,000 of boots to Laizy Daizy, Inc. Accounts Payable 40000 Inventory 3000 40000 3000 Received a freight bill from Billy Bob for $700. Invoice related to the shipment of boots received from Laizy Daizy, Inc. on 9.5.14. Terms were FOB Destination. No journal entry, Buyer does not pay shipping, the seller pays 9.17.14 Sold $6,000 of boots to Boss Hawg on account. Terms were 3/10 n/30. The boots cost to Dukes of Hazzzzzzzard, Inc. was $3,000. 9.20.14 Boss Hawg returned $1,000 of the boots sold on 9.17.14. 10.2.14 Boss Hawg paid the full amount due. 10.5.14 Paid Laizy Daizy the amount due. QUESTIONS 1. How much does Boss Hawg owe at the end of September 2014? 2. What is the balance in the Sales Discount account at the end of September 2014? 3. What is the balance in the Purchases account at the end of September 2014? 4. How much does Dukes of Hazzzzzzard, Inc. owe Laizy Daizy at the end of September 2014? 5. What is the balance in the Inventory account at the end of September 2014?