Homework: Chapter 5 Save Score: 0 of 5 pts 1 2 of 5 (3 complete)V > HW Score: 44%, 11 of 25 pts E5B-31 (book/static) EQuestion Help Journalize the following transactions ur Master Bicycles using the periodic inventory syslerri. Explanalions are not required. (Record details first, then credils. Exdude explanations rorru journal entries. Assume line corripariy uses the nel aliourillo record sales.) (Click the icon to view the transactions.) More Info Nov. 2. Purchased $3,400 of merchandise inventory on account under terms 2/10, n'EOM and FOB shipping point. Date Accounts Debit Credit Nov. 2 3,400 3,400 Accounts Payable Accounts Receivable Cash Cost of Goods Sold Delivery Expense Frcight In Merchandise Inventory Purchase Discounts Purchase Retums and Allowances Purchases Sales Revenue 2 Purchased 53 400 of merchandise inventory on account under terms 2/10, WEOM and FOD sihipping poiril. 6 Returned $800 of defective merchandise purchased on November 2. BPaid freight bill of $100 on November 2 purchase 10 sold merchandise inventary an account for Sti, 100. Payment terms wee V15, n/45 11 Paid amount owed on credit purchase of November 2, less the return and the discount. 22 Received cash from November 10 customer in full settlement of their debt, less the discount Print Done