0 Problems! home un t shit ene 1. The following transactions relate to Warren Company. Terms of sale are 2/10,n/30. The company uses the perpetual inventory system. Jan 1 Purchased merchandise on account from Jones Company for $7,500. Terms 2/10, n/30, freight prepaid and added to the invoice, $100. 2 Sold merchandise on account from King Company, $500. The cost of the merchandise was $350. igree 3 Bought merchandise on account from Mary Company, $600, terms 1/10,n/30; freight prepaid and added to the invoice, $20. 10 Sold merchandise to Craig, Inc. $3,000. The cost of the merchandise was $2000. 13 Bought merchandise on account from Paul & Sons, $2500; terms 2/10, n/30. Freight cost $110 (FOB shipping point). 18 Sold merchandise on account to Rossum Store, $900. The merchandise cost $800. 20 Issued a credit memo to Rossum Store for merchandise returned, $100. The cost of the merchandise is 675. To 26 Bought merchandise on account from Victor Stores for $2450, terms 2/10. n/30. Freight charges of $90 was prepaid and added to the invoice. 28 Received a credit memo for the merchandise returned to Victor Stores for $150. 30 Paid Victor Stores the amount due. Required: Record the transactions in the general journal. Credit JOURNAL Date Account Title Jan 1 Purchases freigt-IN Accounts Payable van 2 cash Debit 2,500 100 7.600