explanations from joumal entres Assume the compary rocords sates at the net amount found all numburs to the nearest whole dolar ) (2) (Click tine koon to vew the transactions ) Feb 3 Purchased $3,500 of mechandse inventcry on account under bems 310, NEM and FOB shppno Feb. 7 Potuened $000 of defective merthandise puichased on February 3 More info F.b.3 Purchashed 53,500 of mecthandise meentory on account under terms 310, n/EM and FOE shipping pont from Sayah's Foly Feb, 7 Feturhed 3000 of delective merchandse purchursed on f ebruaty 3 Feb, 9 Pad troight bel of 5500 on February 7 purchase Feb. to Sold fmethandrue imventory on account for 54200 so Thyme Table Parmend leims were 1/5, N30 Those goods cost the compare 32,100 Fib. 12 Pad armount owed on credt purchate of Februay 3 , less the retirn and the discount Feb, 20 Kecewed cash from I Impme Jabet in full settiement of their iebe Teo 0. Paid fiegtt bat of 5500 on February 3 purchase