Journalize each of the following transactions assuming a perpetual inventory system Feb. 1 Sold merchandise with a cost of $2,500 for $4,100; terms 2/10, n/30, FOB destination 2 Paid $325 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 $2,500 (cost of sales $1,280); 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 $1,100 (cost of sales $620). 28 The customer of February 4 paid the amount owing. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 11 Record sale of merchandise for $4,100; terms 2/10, n/30, FOB destination