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Exercise 5-2 Recording journal entries for merchandise purchase transactions-perpetual Log Journalize each of the following transactions assuming a perpetual inventory system. Feb. 1 5 6 9 10 Purchased $17,000 of merchandise inventory: terms 1/10, n/30. Purchased for cash $8,200 of merchandise inventory. Purchased $22,000 of merchandise inventory: terms 2/15, n/45. Purchased $1,900 of office supplies; terms n/15. Contacted a major supplier to place an order for $200,000 of merchandise in exchange for a 30% trade discount to be shipped on April 1 FOB destination. Paid for the merchandise purchased on February 1. Paid for the office supplies purchased on February 9. Paid for the February 6 purchase. 11 24 23 Mar