Exercise 5-2 Recording journal entries for merchandise purchase transactions-perpetual LO3 Journalize each of the following transactions assuming a perpetual inventory system. Feb. 1 Purchased $17,100 of merchandise inventory; terms 2/10. n/30. 5 Purchased for cash $8,300 of merchandise inventory. Mar. 6 Purchased $22,100 of merchandise inventory; terms 3/15, n/45. 9 Purchased $1,950 of office supplies; terms n/15. 10 Contacted a major supplier to place an order for $210,000 of merchandise in exchange for a 25% trade discount to be shipped on April 1 FOB destination. 11 Paid for the merchandise purchased on February 1. 24 Paid for the office supplies purchased on February 9. 23 Paid for the February 6 purchase.