Paste IU-- SA- Merge Center - Clipboard Fant Alignment Number E81 - x 138700 C D 76 b. The total economic resources were 178700 78 C. The total amount owed was 40400 (178700-138300) 80 d. The amount of owner's equity 81 at the end of the year was: 138700 83 Problem 2 84 Consider the following transactions that occurred in February, 2019 for Diamonds, Inc. Feb 3 Purchased inventory on terms 1/15, nle.o.m. $3.000 Feb. 4 Purchased inventory for cash of $1,500 Feb. 6 Returned $300 of inventory from Feb. 4 purchase Feb. 8 Sold goods on teme Sold goods on terms of 2/15, 1/35 of $5,000 that cost $2,400 90 Feb. 10 Paid for goods purchased on Feb. 3 91 Feb. 12 Received goods from Feb. 8 sale of $1,000 that cost $450 92 Feb. 23 Received payment from Feb. 8 customer 93 Feb25 Sold goods to Bares for $900 that cost $350. Terms of n/30 were offered. As a courtesy to Bames, 5150 of freight was added to the invoice for which cash was 95 paid directly to UPS by Diamonds, Inc. 96 Feb 29 Received payment from Barnes 97 Problem 2 98 Requirement 99 1. Journalize February transactions for Diamonds, Inc. No explanations are required. 100 Record the February 3 purchase Journal Entry 102 Date Accounts Debit Credit 103 February 03 Invetory 104 Accounts Payable 3 000 105 106 Record the February 4 purchase 107 Journal Entry Accounts Debit Credit February 04 inventory 1500 110 Cash 1500 3000 Log 109 C'Start ala c