Journalize the following transactions for the buyer, Wilson Company, using the net method to account for purchase discounts. Assume a perpetual inventory System. August 5 Purchased goods from Goldmark Company on account, $7,600, terms 5/10, n/30. August 11 Returned defective merchandise to Goldmark Company that was previously purchased on account, $1,900. August 16 Paid the amount due to Goldmark Company. Date Account Title Debit Credit