7. Gina's Gowns uses the Perpetual Inventory System 7-1: Purchased a gown from Dior for $130,000 on account, FOB shipping point. The payment terms are 2/10/N/30 7-1: Paid the delivery costs of $1,000 in cash. 7-18: GG paid the Dior bill in cash 7-14: Beyonce Knowles Carter purchased the gown for $180,000 on account 7-15: Beyonce Knowles Carter returned the gown for a full refund. Prepare the appropriate journal entries and post them to the ledger