Journalize each of the following transactions assuming a perpetual inventory system. Feb. 1 Sold merchandise with a cost of $1,800 for $2,700; terms 2/10, n/30, FOB destination. 2 Paid $255 to ship the merchandise sold on February 1. 3 The customer of February 1 returned half of the amount purchased because it was the incorrect product; It was returned to inventory, 4 Sold merchandise to a customer for 54,400 (cost of sales $2,880); terms 2/10, n/30, FOB destination. 11 Collected the amount owing from the customer of February 1. 23 Sold merchandise to a customer for cash of $1,260 (cost of sales 5780). 28. The customer of February 4 paid the amount owing. View transaction list Journal entry worksheet 3 4 5 1 2 6 7 8 11 Record sale of merchandise for $2,700; terms 2/10, 1/30, FOB destination er det before crest General Journal Debit Credit Date Fubor 3 The customer of February 1 returned half of the amount purchased beca inventory. 4 Sold merchandise to a customer for $4,400 (cost of sales $2,880); term 11 Collected the amount owing from the customer of February 1. 23 sold merchandise to a customer for cash of $1,260 (cost of sales $780) 28 The customer of February 4 paid the amount owing. View transaction list View journal entry worksheet X: 1 Record sale of merchandise for $2,700; terms 2/10, n/30, FOB destination. 2 Record cost of sale $1,800 of merchandise sold on February 1. 3 Record delivery expenses for goods sold $255. 4 Record return of merchandise. 5 Record the return merchandise to inventory. 6 Record sale of merchandise for $4,400; terms 2/10 n/30, FOB destination. 5 Record the return merchandise to inventory. 6 Record sale of merchandise for $4,400; terms 2/10, n/30, FOB destination. 7 Record cost of sales $2,880 of merchandise sold on February 4. 8 Record the collection of amount owed by the customer for sale made on February 1. 9 Record sale of merchandise for $1,260 for cash. 10 Record cost of sales of $780 for merchandise sold on February 23 3 The customer of February 1 returned half of the amount purchased because it was th inventory. 4 Sold merchandise to a customer for $4,400 (cost of sales $2,880); terms 2/10, n/30 11 Collected the amount owing from the customer of February 1. 23 Sold merchandise to a customer for cash of $1,260 (cost of sales $780). 28 The customer of February 4 paid the amount owing. View transaction list View journal entry worksheet EX: Debit n/30, FOB destination. 7 Record cost of sales $2,880 of merchandise sold on February 4. 8 Record the collection of amount owed by the customer for sale made on February 1. 9 Record sale of merchandise for $1,260 for cash. 10 Record cost of sales of $780 for merchandise sold on February 23 11 Record the collection of amount owed by the customer for sale made on February 4