Journalize, without explanations, the following transactions of Soul Art Gift Shop during the month of February: Feb.

Journalize, without explanations, the following transactions of Soul Art Gift Shop during the month of February: 

Transcribed Image Text:

Feb. 3 Purchased $2,000 of inventory on account under terms of 2/10, n/eom (end of month) and FOB shipping point. 7 Returned $300 of defective merchandise purchased on February 3. 9 Paid freight bill of $50 on February 3 purchase. 10 Sold inventory on account for $3,100. Payment terms were 3/15 n/30. These goods cost Soul Art $1,700. 12 Paid amount owed on credit purchase of February 3, less the return and the discount. 16 Granted a sales allowance of $500 on the February 10 sale. 23 Received cash from February 10 customer in full settlement of her debt, less the allowance and the discount.