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 records sales at the net amount. Round all numbers to the nearest whole dollar.) (Click the icon to view the transactions.) Feb. 10: Sold merchandise inventory on account for $4,100 to Triton Wellness. Payment terms were 3/15, n/30. These goods cost the company $2,050. 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. Date Accounts Debit Credit Feb. 10 - x More info Now journalize the expense related to the February 10 sale-Cost of goods, $2,050. Date Accounts Debit Credit Feb. 3 Purchased $2,900 of merchandise inventory on account under terms 1/10, n/EOM and FOB shipping point from Sascha's Nest. Feb. 7 Returned $400 of defective merchandise purchased on February 3. Feb. 9 Paid freight bill of $200 on February 3 purchase. Feb. 10 Sold merchandise inventory on account for $4,100 to Triton Wellness Payment terms were 3/15, n/30. These goods cost the company $2,050. Feb. 12 Paid amount owed on credit purchase of February 3, less the return and the discount. Feb. 28 Received cash from Triton Wellness in full settlement of their debt. Feb. 10 Feb. 12: Paid amount owed on credit purchase of February 3, less the return and the discount Date Accounts Debit Credit Feb. 12 Print Done