Grooving Giving Gift Shop uses a perpetual inventory system Journalize the following transactions for Grooving Giving Gift Shop. Explanations are not required. (Record debits firs 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) Feb. 3 Purchased $3,700 of merchandise inventory on account under terms 3/10, n/EOM and FOB shipping point from Savvy's Garden Date Feb 3 More info Accounts A Debit Credit Feb. 7 Feb. 3 Purchased $3,700 of merchandise inventory on account under terms 3/10 EOM and FOB shipping point from Savvy's Garden Returned $300 of defective marchandise purchased on February 3 Feb. 9 Paid freight bill of $500 on February 3 purchase Feb. 10 Sold merchandise inventory on account for $4,000 to Tinsle Town Payment terms were 2/15 000 These goods cost the company $2.400 ext pages Feb. 12 Paid aniount owed on credit purchase of February 3, less the reum and the discount Feb. 28 Received cash from Tiris Town in ful settlement of their deb X Clear all Check answer