Journal entries - 18 minutes Blitzen Company sells winter sporting equipment, such as skis, snowboards and snowshoes. During the month of December 2020, the following transactions occurred: 1) December 2: Paid accounts payable of $2,450 from the previous month. 2) December 4: Purchased $3,000 of inventory on account from supplier. Terms were 2/10, n/30. 3) December 9: Received and paid a telephone bill of $350. 4) December 12: Paid for inventory purchased on December 4. 5) December 15: Inventory was returned by a customer. The inventory was not broken, just the wrong item. A credit of $150 was applied to the customer's account. The cost of the returned inventory was $60. 6) December 19: A warranty claim came in that cost the company $200 cash. 7) December 22: Sold a piece of equipment for $2,000 cash. The original cost of the equipment was $4,000 and the accumulated depreciation at the time of sale was $1,800. Required: Record the journal entries for the above transactions