Pearl Corporation uses a periodic inventory system and the gross method of accounting for purchase discounts. (a) On July 1, (1) Pearl purchased $88,000 of inventory, terms 3/10,n/30. FOB shipping point. (2) Pearl paid freight costs of $1,256. (b) On July 3, Pearl retumed damaged goods and received credit of $8,800. (c) On July 10, Pearl paid for the goods. Prepare all necessary loumal entries for Pearl. (If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. Credit occount titles are outomaticolly indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) No. Date Account Titles and Explanation Debit Credit (a) (1) (a) (2) (b) (c)