Journalize the following transactions for Clark Company using the gross method of accounting for purchase discounts. Assume a perpetual inventory system. January 4 Purchased goods from James Company on account, $12,000, terms 2/10, n/30. January 10 Returned merchandise to James Company that was previously purchased on account, $1,200. January 15 Paid the amount due to James Company. Date Account Title Debit Credit (Choose one) Accounts Payable Accounts Receivable Cash Cost of Goods Sold Purchase Discounts Lost Freight Out Merchandise Inventory Prepaid Rent Rent Expense Sales Sales Discounts Sales Returns and Allowances Supplies Supplies Expense