3. Journalize the following transactions that occurred during February for Soul Art Gift Shop. Feb. 3 Purchased $2,700 of inventory on account under terms 4/10, n/EOM.and FOB shipping point. 7 Returned $400 of defective merchandise purchased on February 3 9Paid freight bill of $110 on February 3 purchase. 0 Sold inventory on account for $4,350.Payment terms were 2/15, n/30. These goods cost the company $2,300 12 Paid amount owed from February 3 purchase, 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