Please prepare the entries for the transactions below and indicate what Journal it is 1)1-Aug Purchased Inventory from John's company for $24,000, terms: 2/15, n/30 FOB

2)2-Aug Business sold merchandise inventory to MicroUniverse Co. for $4,800, terms: 3/10, n/60 FOB. The merchandise had cost $3,000

3)3-Aug Paid $200 for freight charges on the purchase of Aug1, 2020 4)9-Aug Purchased inventory from Khan Co. For $9,200, terms: 3/15, n/60

5)12-Aug Received a $1,200 credit memo acknowledging the return of merchandise purchased on Aug9.

6)12-Aug Received balance due from MicroUniverse Co. for the credit sales dated Aug2.

7)16-Aug Paid the balance due to John's company.

8)19-Aug Sold merchandise that cost $3,600 to UltraCity Co. for $5,000 under the credit terms of 3/15, n/60, FOB

9)21-Aug Issued a $600 credit memo to UltraCity Co. for an allowance on goods sold on Aug19, 2020

10)22-Aug Received a debit memo from UltraCity Co. for an error that overstated the total invoice by $200 11)24-Aug Paid Khan Co. the balance due

12)30-Aug Received the balance due from UltraCity for the credit sales dated on Aug19.