Exercise 5-2 Recording journal entries for merchandise purchase transactions-perpetual L03 Journalize each of the following transactions assuming a perpetual inventory system. Feb. 1 Purchased $17,000 of merchandise inventory: terms 1/10, n/30. 5 Purchased for cash $8.200 of merchandise inventory. 6 Purchased $22,000 of merchandise inventory; terms 2/15, n/45 9 10 10 11 Purchased $1.900 of office supplies; terms n/15 Contacted a major supplier to place an order for $200,000 of merchandise in exchange for a 30% trade discount to be shipped on April 1 FOB destination. Paid for the merchandise purchased on February 1. Paid for the office supplies purchased on February 9. Paid for the February 6 purchase. 24 Mar 23