John's Specialty Store uses a perpetual Inventory system. The following are some inventory transactions for the month of May: 1. John's purchased merchandise on account for $6,200. Freight charges of $900 were paid in cash. 2. John's returned some of the merchandise purchased in (1). The cost of the merchandise was $1.200 and John's account was credited by the supplier 3. Merchandise costing $3,400 was sold for $6,400 in cash. Check my work 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 Journal entry worksheet 1 2 3 4 5 ces Record the merchandise purchased on account for $6,200. Note: Enter debits before credits Transaction 1a General Journal Debit Credit