Journalize the following transactions for the buyer, Edwards Company, using the net method to account for purchase discounts. Assume a perpetual inventory system. October 7 Purchased goods from Gounod Company on account, $5,000, terms 4/10, n/30. October 13 Returned defective merchandise to Gounod Company that was previously purchased on account, $650. October 17 Paid the amount due to Gounod Company. Date Account Title Debit Credit