Grooving Giving Gift Shop uses a perpetual inventory system. Joumalize 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.) A (Click the icon to view the transactions.) Feb. 3: Purchased $3,000 of merchandise inventory on account under terms 3/10, n/EOM and FOB shipping point. Date Accounts Debit Credit i More Info Feb. 3 Feb. Fob. 7: Returned $800 of defective merchandise purchased on February 3. Date Accounts Dobit Credit 3 Purchased $3,000 of merchandise inventory on account under terms 3/10, VEOM and FOB shipping point. 7 Returned $800 of defective merchandise purchased on February 3. 9 Paid freight bill of $300 on February 3 purchase. 10 Sold merchandise inventory on account for $4,900. Payment terms were 3/15, n/30. These goods cost the company $2,450. 12 Paid amount owed on credit purchase of February 3, less the return and the discount. 28 Received cash from February 10 customer in full settlement of their debt. Feb. 7 Feb. 9: Paid freight bill of $300 on February 3 purchase. Print Done Date Accounts Debit Credit Feb. 9