E5-2 As the proprietor of Willow Auto Service, you receive the invoice below from a supplier (GST has been ignored): LORDY AUTO PARTS WHOLESALE DISTRIBUTORS 2600 Victoria Avenue Saskatoon, Saskatchewan S4P 183 Invoice date: May 14, 2020 Payment terms: 1/10,n/30 Sold to: Willow Auto Service 4219 Cumberland Avenue Prince Albert, SK S7M 1X3 Quantity Quantity Ordered Description Shipped Price Amount 6 P135-X4 Radials 6 $ 90.00 $ 540.00 8 L912 Belted-bias 8 100.00 800.00 14 R39 Truck tires 14 120.00 1,680.00 Total $3,020,00 Due date: Amount: May 24, 2020 $2,989.80 May 25 through June 13, 2020 $3,020.00 Paid: Required Journalize the following three transactions. No explanations are required. Willow Auto Services uses the perpetual inventory system. 1. On May 14, 2020, received the above invoice. 2. The L912 Belted-bias tires were ordered by mistake and therefore were returned to Lordy on May 19, 2020. 3. Payment was made May 22, 2020, to Lordy Auto Parts. 2 Journalizing transactions from a purchase invoice under the perpetual inventory system 3. Net cash paid, $2,197.80