EXERCISE 2 On September 1, XBM had an inventory of 15 bags at a cost of $40 each. The company uses a perpetual inventory system. During Septemiber, the tooirg transactions and events occurred. Sept. 4 Purchased 70 bags at $40 each from HTR, terms 2/10.n3 Sept. 6 Received credit of $240 for the return of 6 bags purchased on Sept. 4 that were defective. Sept. 9 Sold 40 bags for $60 each to OBS, terms 2/10, n/30. Sept. 13 Sold 15 bags for $60 each to HOS, terms n/30. Sept. 14 Paid HTR in full, less discount. Instructions Journalize the September transactions for XBM Answer: Credit DebitCr