2. Journalize the following transactions for Ma Tollowing transactions for Marlin Bicycles using the periodic inventory system. Explanations are quirea (Record debits first, then credits. Exclude explanations from journal entries. Assume the company uses the net amount to record sales.) -(Click the icon to view the transactions.) NOV. 2: Purchased $2.800 of merchandise inventory on account under terms 3/10, n/EOM and FOB shipping point. Date Accounts Debit Nov. 2 Nov. 6: Returned $500 of defective merchandise purchased on November 2 Date Accounts Debit Credit Nov. 6 Nov. 8: Paid freight bill of $120 on November 2 purchase. Date Accounts Debit Credit Nov. 8 (11) (12) Nov. 10: Sold merchandise inventory on account for $6,500. Payment terms were 2/15. n/45 Date Accounts Debit Credit Nov. 10 NOV. 11: Paid amount owed on credit purchase of November 2. less the return and the discount Date Accounts Debit Credit Nov. 11 (18) (19) (20) Nov. 22: Received cash from November 10 customer in full settlement of their debt, less the discount Date Accounts Debit Credit Nov. 22 (21 (24) 2: More Info Nov. 2 Purchased $2,800 of merchandise inventory on account under terms 3/10, NEOM and FOB shipping point 6 Returned $500 of defective merchandise purchased on November 2. 8 Paid freight bill of $120 on November 2 purchase 10 Sold merchandise inventory on account for $6,500. Payment terms were 2/15, n/45. 11 Paid amount owed on credit purchase of November 2, less the return and the discount. 22 Received cash from November 10 customer in full settlement of their debt, less the discount. (1) O O Accounts Payable Accounts Receivable O Cash O Cost of Goods Sold O Delivery Expense O Freight in Merchandise Inventory Purchase Discounts O Purchase Returns and Allowances Purchases Sales Revenue O Accounts Payable O Accounts Receivable Cash O Cost of Goods Sold Delivery Expense Freight In Merchandise Inventory Purchase Discounts Purchase Returns and Allowances O Purchases Sales Revenue