Peaceful Palace Gift Shop uses a perpetual inventory system. Journalize the following transactions for records sales at the net amount. Round all numbers to the nearest whole dollar) Click the icon to view the transactions.) Feb. 3. Purchased $2,900 of merchandise inventory on account under terms 3/10, n/EOM and FOB ship Date Debit Credit Feb 3 Accounts Purchases Merchandise Inventory 2900 2900 leb. 7. Returned $400 of defective merchandise purchased on February 3 Date Accounts Debit Credit eb. 7 1.9 Paid freight bill of $500 on February 3 purchase Date Accounts Debit 1.9 Credit ping point from Sascha's Nest More info Feb. 3 Purchased $2,900 of merchandise inventory on account under forms 3:10. VEOM and FOB shipping point from Sascha's Nest Feb. 7 Returned $400 of defective merchandise purchased on February 3 Feb. 9 Paid freight bill of $500 on February 3 purchase Feb. 10 Sold merchandise inventory on account for 54,400 to Teak Meadow Payment forms were 3/15,0/30 These goods cost the company $2,200 Feb. 12 Paid amount owed on credit purchase of February 3. less the return and the discount Feb. 28 Received cash from Teak Meadow in full sottoment of their debt Print Done Home End ETO 9 Peaceful Palace Gift Shop uses a perpetual inventory system. Journalize the following transa records sales at the net amount. Round all numbers to the nearest whole dollar) (Click the icon to view the transactions) Feb 9. Paid freight bill of $500 on February 3 purchase. Date Accounts Debit Cre Feb. 9 Feb 10 Sold merchandise inventory on account for $4,400 to Teak Meadow Payment terms Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the Date Accounts Debit Cred Feb. 10 Now journalize the expense related to the February 10 sale-Cost of goods, $2,200 Date Accounts Debit Credit Feb 10 Peaceful Palace Gift Shop uses a per records sales at the net amount. Round all numbers to the nearest whole dollar. (Click the icon to view the transactions.) Now journalize the expense related to the February 10 sale-Cost of goods, $2,200 Debit Credit Date Accounts Feb 10 Feb 12 Paid amount owed on credit purchase of February 3, less the return and the discount Date Credit Accounts Debit Feb 12 Feb. 28. Received cash from Teak Meadow in full settlement of their debt. Date Accounts Debit Credit Feb 28