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, 2020, the goods were shipped on Sept. 2, 2018 and arrived at your location on Sept. 5, 2020. Your company uses the perpetual method of accounting for inventory