7. Enter the following transactions into the journal (10 points): a) Record the purchase of $50,000 inventory on account with terms 5/15, n/30 for a merchandising company. b) Pay for purchase transaction a) 20 days later. c) A company returns inventory worth $200. previously purchased on account, d) A company receives a $100 shipping bill from the freight company for the transportation of inventory previously purchased, which is payed cash. e) A merchandising company has sales of $20,000 on account the cost of goods sold is $15,000. Cash payment for transaction e) is received. g) A customer returns goods for $10.000 sold on account the returned goods had cost us $7.500 h) A customer is granted a $500 allowance for damaged goods, previously sold on account