perpetual inventory system and that Warmco did not offer a purchase discount. Required: 1. Prepare a journal entry to record the purchase of the bags of insulation. If an amount box does not require an entry, leave it blank. 2. Prepare the entry to record the payment for shipping. If an amount box does not require an entry, leave it blank. 3. Prepare the entry for the return of the defective bags. If an amount box does not require an entry, leave it blank. Round to the nearest cent