Journalize the following transactions for Richardson Company using the gross method of accounting for purchase discounts. Assume a perpetual Inventory system July 6 Purchased goods from Johnson Company on account, $5,000, terms 2/10, 1/30. July 12 Returned merchandise to Johnson Company that was previously purchased on account, $1,250. July 16 Paid the amount due to Johnson Company. Date Account Title Debit Credit