GHI Company uses periodic inventory system. Journalize the following transactions of GHI Company: Jan. 3 Purchased merchandise on account from Fine Co., $9,800, terms FOB shipping point, 2/10, n/60. The appropriate party paid transportation costs of $250. Jan. 6 Sold merchandise on account to Soviet Co., $8,000, terms 3/10, n/30. Jan. 7 Returned $900 of merchandise purchased on January 3. Jan. 13 Paid Fine Co. in full. Jan. 16 Received cash from Soviet Co