1 More Info Feb. 3 Purchased $2.900 of merchandise inventory on account under terms 3/10. n/EOM and FOB shipping point. 7 Returned $700 of defective merchandise purchased on February 3. 9 Paid freight bill of $300 on February 3 purchase. 10 Sold merchandise inventory on account for $4.100. Payment terms were 2/15, n/30. These goods cost the company $2.050. 12 Paid amount owed on credit purchase of February 3, less the return and the discount 28 Received cash from February 10 customer in full settlement of their debt Print Done Question Help Peaceful Place Gin Shop uses a perpetual inventory system. Journalize the following transactions for Peaceful Place Gill Shop Explanations are not required. (Recordsbits first, the credits Exclude explanations from journal entries. Assume the company records sales at the net amount Round all numbers to the nearest whole dollar) (Click the icon to view the transactions.)