HAR I System Announcements RCES Brief Exercise 191 Prepare the necessary journal entries on the books of Magic Carpet Company to record the following transactions, assuming a perpetual inventory systurn: (a) Magic purchased $49,000 of merchandise on account, terms 2/10, 1/30. (b) Returned $4,000 of damaged merchandise for credit. (c) Paid for the merchandise purchased within 10 days. (Credit account tities are automatically indented when the amount is entered. Do not indent manually.) Transactions Account Titles and Explanation Debit Credit (a) (6) co Question Attempt of I used try Study scer