Ex2: Bahrain Company completed the following selected transactions during February. Feb 1 Purchased merchandise from Saudi Company for $30,000, terms 2/10,n/30, FOB shipping point. 3 Paid $500 for shipping the merchandise purchased on Feb.1 above. 4 Returned to Saudi Company unacceptable merchandise that had an invoice price of $100. 9 Paid for the merchandise purchased on Feb.1 above. Required: Prepare the necessary journal entries that Bahrain, Company records for these transactions. Assume Bahrain Company uses a perpetual inventory system