1. The Marlin Company fishing tackle wholesaler/retailer that purchases rods and reels and sells is a them to customers. Marlin uses a PERPETUAL system for inventory. The following transactions the occurred during the Month of August at Marlin. Using the PERPETUAL inventory system journalize entries for the following selected transactions for Marlin. 10 points. Date Transaction Barracuda Co., SI0,000 with terms 1/10, nieom There are no Aug 3 Purchased reels on account from Aug 4 freight costs for this transaction. s6,000 for terms 2/10, nVeom. The cost of the Sold reels on accou nt to Dolphin Company for goods sold was S4,100. There are no freight costs for this transaction. ug 10 Returned some reels to Barracuda Company which totaled S2,000 ug 11 Do hin Company aid off its account less the discount P g 12 Paid what was owed to Barracuda Company less the returned items and less the discount