Doreen Woods owns a small variety store. The following transactions took place during March of the current year Required: Joumalize the transactions in a general joumal using the perpetual inventory method a small variety store. The following transactions took place during March of the current year. Purchased merchandise on account from Corner Galleria, \$3,500. Paid freight charge on merchandise purchased, $200. Sold merchandise on account to Sonya Specialties, $4,250. The cost of the merchandise was $2,550. Received a credit memo from Corner Galleria for merchandise returned, $900. 2 Issued a credit memo to Sonya Specialties for merchandise returned, $500. The cost of the merchandise was $300. the transactions in a general journal using the perpetual inventory method. CHART OF ACCOUNTS Woods Variety General Ledger ASSETS REVENUE 101 Cash 401 Sales 122 Accounts Receivable 401.1 Sales Returns and Allowances 131 Merchandise Inventory 401.2 Sales Discounts 141 Supplies 181 Office Equipment EXPENSES 501 Purchases LIABILITIES 501.1 Purchases Returns and Allowances 202 Accounts Payable 501.2 Purchases Discounts 219 Wages Payable 502 Freight-In 505 Cost of Goods Sold EQUITY 511 Wages Expense 311 Doreen Woods, Capital 512 Advertising Expense 312 Doreen Woods, Drawing 513 Bank Credit Card Expense 514 Store Supplies Expense 515 Travel and Entertainment Expense 54Q Miefallananie Fxnanga Journalize the transactions in a general journal using the perpetual inventory method. General Journal Instructions