) Please journalize the following transactions for Soul Art Gift Shop using the perpetual inventory system. (15 points) Feb 3 Purchased $3,300 of merchandise inventory on account under terms 3/10, n/EOM and FOB shipping point. 7 Returned $900 of defective merchandise purchased on February 3. 9 Paid freight bill of $400 on February 3 purchase. 10 Sold merchandise inventory on account for $4,700. Payment terms were 2/15, n/30. These goods cost the company $2,350. 10 Soul Art Gift Shop paid $370 on freight out. 12 Paid amount owed on credit purchase of February 3, less the return and the discount. 28 Received cash from February 10 customer in full settlement of their debt. Fill in journal entries and explanations. Date Accounts and Explanation Debit Credit Feb 3 Feb 7 Feb 9 Feb 10 Feb 10 Feb 12 Feb 28.