Ly Quiz 1 - Lyryx Learning Inc - Google Chrome lifal.lyryx.com/quiz-servlets/QuizServlet?ccid=11209 Question 3 [20 points] Prepare journal entries for September, 2014 to record the following transactions for Global Filter Corp. Assume a perpetual inventory system. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/Jan). a. September 2: Global Filter Corp. purchased merchandise on credit from ABC Inc., terms 2/15, n/60, $8,800, FOB destination. b. September 19: Paid the balance due to ABC Inc. c. September 23: Global Filter Corp. purchased merchandise on credit from Stake Technology Inc., terms 2/10, n/60, $8,600, FOB destination. d. September 27: Global Filter Corp. purchased equipment by paying $7,200. e. September 28: Received a credit memorandum in the amount of $500 acknowledging the return of merchandise purchased from Stake Technology Inc. on September 23. f. September 30: Paid Stake Technology Inc. the balance due. Please use the '+" and "- buttons to change the number of accounts (if necessary) for each journal entry. General Journal Page GJ8 Date Account/Explanation F Debit Credit