use 5-1A queeton for solving 5-9A

"Problem 5-9A Journal entries for merchandising activities-periodic LO7 Using the information provided in Part 1 of Problem 5-1A, journalize each of the transactions assuming a periodic inventory system. I Problem 5-1A. Journal entries for merchandising activities-perpetual LO3 CHECK FIGURE: 2$5,960 Part 1 Prepare general journal entries to record the following perpetual system merchandising transactions of Belion Company. Use a separate account for each recelwable and payable; for example, reonl the sale on fame 1 in Accounts Recelvable-Avery \&. Whest. June 1 Sold merchandise to Avery a Wiest for $9,500; terms 2/5, n/15, FOB destination (cost of sales $6,650). 2 Purchased $4,900 of merchandise from Angolac Suppliers, tems 1/10, n/20, FOS shipping point. 4 Purchased merchandise inventory from Bastille 5a1es for $11,400, terms 1/15, n/45. FOB Bastiile 5ales. 5 Sold merchandise to Gelgar for $11,000, terms 2/5, n/15, FO8 destination (cost of saies $7,700 ). 6 Collected the amount owing from Avery 8 Wiest regarding the June 1 anle. 12 Paid Angolac Suppliers for the June 2 purchase. 20 Collected the amount owing from Gelgar regarding the June 5 sale. 30 Paid Bastlle Sales for the June 4 purchase. Part 2 Based on the information provided above, calculate (a) net sales, (b) cost of goods sold, and (c) gross profit for the month ended June 30,2020 . "Problem 5-9A Journal entries for merchandising activities-periodic LO7 Using the information provided in Part 1 of Problem 5-1A, journalize each of the transactions assuming a periodic inventory system