On May 11, 2020, Wilson Purchasing purchased $22,500 of merchandise from Happy Sales; terms 3/10,n/90, FOB Happy Sales. The ost of the goods to Happy was $17.500. Wilson paid $1,250 to Express Shipping Service for the delivery charges on the merchandise en May 11. On May 12, Wilson returned $3,500 of goods to Happy Sales, which restored them to inventory. The returned goods had cost Happy $2,700. On May 20, Wilson mailed a cheque to Happy for the amount owed on that date. Happy received and recorded the cheque on May 21 Required: Present the journal entries that Wilson Purchasing should record for these transactions. Assume that Wilson uses a perpetual nventory system View transaction list Journal entry worksheet > 2 2 3 4 Record the purchase of merchandise on credit; terms 3/10, 1/90. Note: Enter debits before credits General Journal Debit Credit Date May 11, 2020 b. Present the journal entries that Happy Sales should record for these transactions. Assume that Happy uses a perpetual inventor system View transaction list Journal entry worksheet Record the entry for receipt of balance within the discount period. Note: Enter debits before credits General Journal Debit Credit Date May 21, 2020 Record entry Clear entry View general Journal