John's Specialty Store uses a periodic inventory system. The following are some inventory transactions for the month of May 2018 1. John's purchased merchandise on account for $6.000. Freight charges of $800 were paid in cash, 2. John's returned some of the merchandise purchased in (1) The cost of the merchandise was $1100 and John's account was credited by the supplier 3. Merchandise costing $3,300 was sold for $6,200 in cash. ON Required: Prepare the necessary journal entries to record these transactions (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list inces Journal entry worksheet Record the merchandise purchased on account for $6,000. Note: Enter debits before credits General Journal Debit Credit Transaction 01 Record entry Clear entry View general journal