INSTRUCTIONS: Complete the following journal entries for pur transactions under the perpetual Inventory system r purchase Purchase $5,000 of merchandise on January Sth, plus $150 in freight charges. Terms are 2/10, n/30. General Journal (partial) Description Debit eont Credit Return $600 of merchandise from the January 5th purchase on January 9th General Journal (partial) Description Debit Credit Issue a check to pay the balance due from the tronsaction above on January 11th. General Journal (partial) Credit Debit Description What is the balance of the Inventory account after the above transactions have been recorded? 3