Journalize the following transactions for the buyer, Sanders Company, using the net method to account for purchase discounts. Assume a perpetual inventory System. A October 5 Purchased goods from Gilbert Company on account, $15,000, terms 2/10, 1/30. October 11 Returned defective merchandise to Gilbert Company that was previously purchased on account, $1,200. October 16 Paid the amount due to Gilbert Company Date Account Debt Oct 5 15.000 Merchandise Inventary Accounts Payable 15 Oct 11 Accounts Payable Merchandietro 1,200 Oct 13.00 16 Accounts Payati Cash 13.00 AM