For the following purchasing and sales transactions, prepare the appropriate journal entry assuming a perpetual inventory system is in place 1. On January 1, Cougar Corp purchased inventory from a supplier for $12,000. The credit terms on the transaction are 2/15, net 30. 2. On January 2, Cougar Corp. paid a shipping company $175 for freight associated with the January 1 purchase. 3. On January 5, Cougar Corp sold inventory with a cost of $3,900 for $6,700. The credit terms on the transaction are 2/10, net 30. 4. On January 6, Cougar Corp. returned $1,100 of the inventory purchased on January 1. 5. On January 7, Cougar Corp. paid $295 to ship the goods sold on January 5. 6. On January 9, Cougar Corp. paid for the purchase on January 1 (Don't forget to consider the purchase return on January 6). 7. On January 10, Cougar Corp. received payment for the sale made on January 5. For the toolhar nrer