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Journalize the following transactions for the buyer, Campbell Company, using the net method to account for purchase discounts. Assume a perpetual inventory system. May 5

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Journalize the following transactions for the buyer, Campbell Company, using the net method to account for purchase discounts. Assume a perpetual inventory system. May 5 Purchased goods from Gibert Company on account, $14,000, terms 4/10, 1/30. May 11 Returned defective merchandise to Gilbert Company that was previously purchased on account, $2,100. May 16 Paid the amount due to Gilbert Company Date Account Tri Debi Crede

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