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Problem II - Purchase Transactions (4pts each - 16 pts) Coulibaly Company purchased merchandise on account from a supplier for $10,700, terms 3/10, net 30 . Under a perpetual inventory system, journalize the entries required for these transactions in the cases below: a. Coulibaly Company paid for the merchandise within the discount period. Journalize the 2 entries required for the purchase and the payment within the discount period. Purchase Dr 10,700 Accounts Payable Cr10,700 b. Coulibaly Company did not pay for the merchandise within the discount period. Journalize the 2 entries required for the purchase and the payment outside of the discount period. Accounts payable: Dr 10,700 Inventory : (10,7003%)Cr321 Cash: Cr10,379 Problem II - Purchase Transactions (4pts each - 16 pts) Coulibaly Company purchased merchandise on account from a supplier for $10,700, terms 3/10, net 30 . Under a perpetual inventory system, journalize the entries required for these transactions in the cases below: a. Coulibaly Company paid for the merchandise within the discount period. Journalize the 2 entries required for the purchase and the payment within the discount period. Purchase Dr 10,700 Accounts Payable Cr10,700 b. Coulibaly Company did not pay for the merchandise within the discount period. Journalize the 2 entries required for the purchase and the payment outside of the discount period. Accounts payable: Dr 10,700 Inventory : (10,7003%)Cr321 Cash: Cr10,379