February 3: Purchased $3,100 of inventory on account under terms 3/10,n/EOM and FOB shipping poin February 7: Returned $500 of defective merchandise purchased on February 3. February 9: Paid freight bill of $450 on February 3 purchase. February 12: Paid amount owed on credit purchase of February 3, less the return and the discount. February 28: Received cash from February 10 from the customer in full payment of their account. February 10: Sold inventory on account for $4,200. Payment terms were 1/15,n/30. These goods cost the company $2,100. Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step. Grooving Giving Gift Shop uses a perpetual inventory system. Journalize the following transactions for Grooving Giving Gift Shop. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company records sales at the net amount. Round all numbers to the nearest whole dollar.) (Click the icon to view the transactions.) Transactions February 9: Paid freight bill of $450 on February 3 purchase. February 10: Sold inventory on account for $4,200. Payment terms were 1/15,n/30. These goods cost the company $2,100. Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step