Calming Creations Gift Shop uses a perpetual inventory system. Journalize the following transactions for Calming Creations Gift Shop. Explanations are not required all numbers to the nearest whole dollar.) (Click the icon to view the transactions.) Feb. 3: Purchased $2,700 of merchandise inventory on account under terms 2/10, n/EOM and FOB shipping point from Shivon's Jewels. Date Accounts Debit Credit Feb. 3 Feb. 7: Returned $800 of defective merchandise purchased on February 3. Date Accounts Debit Credit Feb. 7 Feb. 9: Paid freight bill of $300 on February 3 purchase. Date Accounts Debit Credit Feb. 9 Feb. 10: Sold merchandise inventory on account for $4,000 to Teak Meadow. Payment terms were 1/15, n/30. These goods cost the company $2,000. Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step. Date Accounts Debit Credit Feb. 10 ** Now journalize the expense related to the February 10 saleCost of goods, $2,000. Date Accounts Debit Credit Feb. 10 Feb. 12: Paid amount owed on credit purchase of February 3, less the return and the discount. Date Accounts Debit Credit Feb. 12 Feb. 28: Received cash from Teak Meadow in full settlement of their debt. Date Accounts Debit Credit Feb. 28