Joumalize the following transactions that occurred in February 2018 for Oceanic, assuming the perpetual inventory system is being used. No explanations are needed. dentify each accounts payable and accounts receivable with the vendor or customer name. Oceanic estimates sales returns at the end of each month. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company records sales at the net amount.) Click the icon to view the transactions.) Feb. 3: Purchased merchandise inventory on account from saon wholesalers, S5.200. Terms 2/15 nEOM, FOB shipping point. Accounts Debit Credit Date Feb. 3 Choose from any list or enter any number in the input fields and then click Check Answer remaining Clear All Check