Date Rebar Corp. uses the perpetualinventory system. Its transactions during July 2018 are as follows: July 6 Purchased $600 of merchandise on account from Hobson Corporation for terms 1/10, net 30 9 Returned $200 of defective merchandise 15 Paid the amount owing to Hobson. Required: Prepare journal entries to record the above transactions Account Titles & Explanation Ref. Debits Credits