October 7: Purchased 700 units of merchandise inventory at $6 per unit. The seller offered a cash discount of 3/10,n/30. October 9: Returned 35 defective units and received full credit. October 11: Paid the amount in full, less the returned items. Instructions: 1. Use the Worksheet provided. 2. Insert your Name and ID 3. Use Tab 2 to complete/apply your Answer for the question below 4. Prepare journal entries for each of the following transactions. Assume a perpetual merchandise inventory system