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On November 1st, the Custom Ski Shop had an inventory of 3 competition downhill snow skis at a cost of $585 each. During the month of November, the following transactions occurred. Assume Custom Ski Shop uses a "perpetual" inventory system. Nov. 2 5 6 Purchased 26 competition downhill snow skis at a cost of $600 each from the K22 Company, terms 3/10, n/30. Paid freight of $280 on the November 2nd purchase. Sold 6 competition downhill snow skis to the Diablo Valley Ski Club for $1,250 each, terms 2/10, n/30. Received credit from the K22 Company for the return of one defective competition downhill snow ski purchased November 2nd. Issued a credit memo to Diablo Valley Ski Club for the return of 2 competition downhill snow skis sold on November 6th. Paid K22 Company in full. 7 13 14 Instructions Prepare the journal entries to record the transactions assuming the company uses a "perpetual" inventory system. Suggestions: 1. Before preparing the journal entries, once again, do a review of the Introduction Module covering "perpetual inventory". 2. Pay close attention to the dates of each transaction