Journalize the following transactions for Mildred Bicycles using the periodic inventory system. Explanations are not required. $($Record debits first, then credits. Exclude explanations from journal

entries. Assume the company uses the net amount to record sales.$)$

$($Click the icon to view the transactions.$)$

Nov. $2$: Purchased $$3,200$ of merchandise inventory on account under terms $\frac{3}{10},\frac{n}{?}$ EOM and FOB shipping point.