Journalize the following transactions for the buyer, Morgan Company, using the net method to account for purchase discounts. Assume a perpetual inventory system. April 6 Purchased goods from Gilbert Company on account, $5,400, terms 5/10, n/30. April 12 Returned defective merchandise to Gilbert Company that was previously purchased on account, $540. April 16 Paid the amount due to Gilbert Company. Date Account Title Debit Credit