ns sota do xito Ford nt pel Journalize the following transactions during the month of August. 1.Purchases inventory for $20,000 with terms 2/10, 1/30 FOB shipping point. 2. Pays the balance due within discount period 3. Purchases inventory for $50,000 with terms 1/10, 1/30 FOB shipping point. 4. Returns $10,000 of the merchandise because it was the wrong color. 5. Pays amount due within the discount period