4. Gadget Palace is a retailer selling unique hardware. Gadget Palace uses a perpetual inventory system Journalize the following transactions: July 5 Gadget Palace purchases inventory for sale from Turbo Tools for $11.400 with terms 2/10, n/30 6 Gadget Palace pays Fast Truck Transport $75 for freight on the July 5 order. 8 Gadget Palace receives a credit memo from Turbo Tools for $215 for damaged mer- chandise 15 Gadget Palace pays Turbo Tools the balance due. Journal Date Account Debit Credit