Journalize the following transactions for the buyer, Bell Company, using the gross method to account for purchase discounts. Assume a perpetual inventory system. December 1 Purchased merchandise from Ross Company on account, $7,000, terms 4/10, n/30. The goods are December 7 Returned to Ross Company merchandise previously purchased on account, $600. shipped FOB shipping point, freight prepaid by seller, $270 December 12 Paid the amount due to Ross Company Date Account Title Debit Credit Clear Undo Help