Journalize the following transactions for Park Gift Shop. Explanations are not required. Park uses a perpetual inventory system, Mar. 5: Purchased $4,400 of merchandise inventory on account, 3/10, n/EOM and FOB shipping point. Mar. 9: Returned $700 of defective merchandise purchased on March 5. Mar. 11: Paid the freight bill of $500 on the March 5 purchase. Mar. 12: Sold merchandise inventory on account for $5.200. 2/15, n/30. These goods cost the company $3,700 Mar. 14: Paid amount owed on credit purchase of March 5, less the return and the discount. Mar. 30: Received cash from the March 12 customer in full settlement of the debt. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) B I US Paragraph X Q B Arial 14px x x Y Ex Ax I IT T + r