Journalize the following transactions that occurred in February 2018 for Oceanic, assuming the perpetual inventory system is being used. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor or customer name.

Oceanic estimates sales returns at the end of each month

Journaliza the following transactions that occurred in February 2018 for Oceanic, assuming the perpetual inventory system is baing used. No axplanations are naeded Idantify each accounts payable and accounts receivable with tha vandor or customer name. Oceanic estimates sales returns at the end of each month. (Record debits first, then credits. Exclude axplanations from jourmal entries. Assume the company records sales at the nat amount.) (Click the icon to view the transactions) Feb. 3 Purchased merchandise inventory on account from Sitan Wholesalers, $5,200. Terms 2/15, n/EOM, FOB shipping point.More Info Date Feb. 3 Fab. 3 Purchased merchandise inventory on account from Silton Wholesalers, $5,200 Terms 2/15, n/EOM, FOB shipping point Paid freight bill of S70 on February 3 purchase. 4 Purchasa merchandise inventory for cash of $1,500 6 Returned 5900 of inventory from February 3 purchase 8 Sold merchandise inventory to Herenda Company S5,600, on account. Terms Feb. 4: Paid freight bill of $70 on February 3 purchase. 315, n/35. Cost of goods, $2,352. Terms 1/10, ni30, FOB destination. return and discount 9 Purchasad merchandise inventory on account from Teddy Wholesalers, $7,000 Feb. 4 10 Made payment to Siltan Wholesalers for goods purchased on February 3, less 12 Received payment from Herenda Company, less discount. 13 After negotiations, recetvad a 500om Teddy Wholesalers 15 Seld merchandse inventory to Jordon Company, $3,400, on account. Terms Feb. 4: Purchase merchandise inventory for cash of $1,500 22 Made payment, less allowance, to Teddy Wholesalers for goods purchased on 23 Jordon Company returned $1,000 of the merchandise sold on February 15. Cost 25 Sold merchandsa inventory to Smith for $1,700 on account that cost $663 NEOM Cast af goods, $1,496 February 9. of goods, S440 Terms of 2010, n/30 were offered, FOB shipping point. As a courtesy to Smith Date Credit Feb. 4 370 of fraight was added to the invoice for which cash was paid by Oceanic. 29 Received payment from Smith, less discount 30 Recelved payment from Jordon Company, less return Fab. 6: Returned $900 of inventory from Fabruary 3 purchase