Calming Creations C Shop uses a perpetual eventory system Joumalize the blowing transaction for Caning Creations G Shop Expla anal ebles Assume the company records sales at the net amunt Round all minbers to the nearest whole data) (Click the loan to view the transactions) Feb. 3. Purchased $2.700 of merchandise inventory on account under terms 210. EOM and FOB shipping point om Sarah's Folly Date Fah 3 Accounts Feb 7 Returned $800 of defective merchandise purchased on February 3 Date Feb 7 Accounts Debil Credit Debit Credit Choose from any list or ender any number is the input fields and then continue to the next question Caling Creations Gat Shop uses a perpetual inventory system Joumalize the following transactions for Calming Creations Gift Shop Explanations not required (Records first, then credits Exclude explanations from journal entries. Assume the company records sales at the net amount Road all members to the nearest whole dollar) (Click the icon to view the transactions) Fob 9 Paid freight bill of $200 on February 3 purchase Date Accounts Feb 9 Debit Credit Feb 10 Sold merchandise inventory on account for $4,500 to Teak Meadow. Payment terms were 1/15, n/30 These goods cost the company $2.250 Begin by preparing the entry to joumalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following shep Date Feb 10 Accounts Debit Credit Choose from any list or enter any number in the input felds and then continue to the next question Calming Creations Gift Shop uses a perpetual inventory system Joumalize the following bansactions for Calming Cation Gift Shop Explanations are noted (Record debit fest, then credits Exclud journal entries Aume the company records sales at the net amount Round all numbers to the nearest whole dollar) (Click the icon to view the transactions) Now journalize the expense related to the February 10 sale-Cost of goods, $2,250 Date Fob 10 Accounts Debit Credit Feb 12 Paid amount owed on credit purchase of February 3, less the retum and the discount Date Fak Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Calming Creations Cat Shop uses a perpetual inventory system. Joumalize the following tramactions for Calming Creations Gift Shop Explanation are not thecond des first, then credits Exclude explanation from journal entries. Assume the company records sales at the not amount Round all numbers to the nearest whole dollar) (Click the icon to view the transactions) Feb 12 Paid amount owed on credit purchase of February 3, less the return and the discount Dati Feb 12 Accounts Feb 28 Received cash from Teak Meadow in full settlement of their debt Date Feb 28 Accounts Debit Credit Debit Credit Choose from any list or enter any number in the input Seids and then continue to the next question $45 PM etual inventory system. Journalize the following transactions for Calming Creations Gift Shop. Explanations are not required. (Record debits first, th ords sales at the net amount. Round all numbers to the nearest whole dollar.) s.) chase of February 3, less th i More Info ccounts Bow in full settlement of their ccounts Feb. 3 Purchased $2,700 of merchandise inventory on account under terms 2/10, n/EOM and FOB shipping point from Sarah's Folly. Feb. 71 Returned $800 of defective merchandise purchased on February 3. Paid freight bill of $200 on February 3 purchase. - X Feb. 9. Sold merchandise inventory on account for $4,500 to Teak Meadow. Feb. 10 Payment terms were 1/15, n/30. These goods cost the company $2,250. Paid amount owed on credit purchase of February 3, less the return and Feb. 12 the discount. Feb. 28 Received cash from Teak Meadow in full settlement of their debt. mber in the input fields and then continue to the next question. Print Done