Journalize the following selected transactions for Spartan's Pet Shop. Assume Spartan's uses a perpetual inventory system. Date Transaction Aug. 1. Purchased $8,000 of merchandise on account, terms 2/10, n/30. 3. Returned $2,00 of merchandise purchased on August 1 due to defects. 7. Recorded cash sales for the first week of August, $10,000. The cost of the merchandise sold was $4,300. 10. Sold merchandise on account to a local breeder for $1,000, terms n/30. The cost of the merchandise sold was $450. 11. Paid for the purchase of August 1, less the return. 20. Received payment on account for the sale of August 10.