Journalize the following selected transactions for Sparky's Pet Shop. Assume Sparky's uses a perpetual inventory system. Omit entry explanations. Date Transaction Aug. 1. Purchased $6,000 of merchandise on account, terms 2/10, n/30. 3. Returned $1,500 of merchandise purchased on August 1 due to defects. 7. Recorded cash sales for the first week of August, $9,750. The cost of the merchandise sold was $4,000. 10. Sold merchandise on account to a local breeder for $500, terms n/30. The cost of the merchandise sold was $200. 11. Paid for the purchase of August 1, less the return. 20. Received payment on account for the sale of August 10