Make the journal entries to record the transactions in the following problems. Make sure to date the entries: Your company purchases merchandise on account with a contract price of $7,500 and shipping costs of $200. The contract specifies F.O.B. shipping point. The purchase was made on Sept 1, 2022, the goods were shipped on Sept. 2, 2022 and arrived at your location on Sept. 5, 2022. Your company uses the perpetual method of accounting for inventory Record the journal entries for the following transactions using the perpetual method of accounting for inventory: One May 3.2022 ABC Company buys $3,000 of merchandise on account F.O.B. destination. The shipping costs were $500. Goods were shipped on May 5, 2022 and arrived on May 8, 2022 . On May 10thABC Company is granted a $500 cost allowance for some damaged goods. On May 15 th ABC Company pays the invoice. On June 30 , 2022ABC sells all of this merchandise for $ 25,000