Exercise 5-2 Recording journal entries for merchandise purchase transactions-perpetual Journalize each of the following transactions assuming a perpetual inventory system, (If no entry is required for o t) select "No journel entry required" in the first account field.) Feb. 1 Purchased $17,800 of merchandise inventory; terns 3/10,n/30. 5 purchased for cash $9, eee of merchandise inventory. 6 Purchased $22,860 of merchandise inventory; terns 1/15,n/45. 9 purchased $2,3e0 of office supplies; terms n/1s. 10 contacted a major supplier to place an order for $280,000 of merchandise in exchange for a 2as trade disco on Apri1 1 Foe destination. 11 Paid for the merchandise purchased on February 1. 24 pald for the office supplies purchased on february 9. Mar. 23 paid for the February 6 purchase. Answer is complete but not entirely correct. Exercise 5-2 Recording journal entries for merchandise purchase transactions-perpetual Journalize each of the following transactions assuming a perpetual inventory system, (If no entry is required for o t) select "No journel entry required" in the first account field.) Feb. 1 Purchased $17,800 of merchandise inventory; terns 3/10,n/30. 5 purchased for cash $9, eee of merchandise inventory. 6 Purchased $22,860 of merchandise inventory; terns 1/15,n/45. 9 purchased $2,3e0 of office supplies; terms n/1s. 10 contacted a major supplier to place an order for $280,000 of merchandise in exchange for a 2as trade disco on Apri1 1 Foe destination. 11 Paid for the merchandise purchased on February 1. 24 pald for the office supplies purchased on february 9. Mar. 23 paid for the February 6 purchase. Answer is complete but not entirely correct