Calming Creations Gift Shop uses a perpetual inventory system Journalize the following transactions for Calming Creations Gift Shop Explanations are not required. (Record debits first, then credits Exclude explanations from journal entries. Assume the company records sales at the net amount. Round all numbers to the nearest whole dollar) (Click the icon to view the transactions) Feb. 3. Purchased $3,500 of merchandise inventory on account under terms 3/10, 1/EOM and FOB shipping point Date Accounts Debit Credit Fob 3 More Info - X Feb 3 Purchased $3,500 of merchandise inventory on account under terms 3/10, n/EOM and FOB shipping point 7 Returned $800 of defective merchandise purchased on February 3. 9 Paid freight bill of $300 on February 3 purchase 10 Sold merchandise inventory on account for $4,200. Payment terms were 3/15, n/30. These goods cost the company $2,100 12 Paid amount owed on credit purchase of February 3, less the return and the discount 28 Received cash from February 10 customer in full settlement of their debt Print Done