Porceful Palace Gi Shop uses a perpetual Inventory system. Joumalize the following transactions for Peaceful Palace Gin Shop. Explanations are not required. (R sales at the net amount. Round All numbers to the nearest whole dollar.) (Click the icon to view the transactions.) Feb. 3: Purchased $2,800 of merchandise inventory on account under terma 2/10, NEOM and FOB shipping point from Sw's Shoppa. Date Accounts Debit Credit Fab, 3 Feb. 7: Returned $700 of defective merchandise purchased on February 3, Date Accounts Debit Credit Feb. 7 Feb. 9: Pald freight bill of $450 on February 3 purchase Date Accounts Debit Credit Feb. not the many 2.0 Peaceful Palace Gin Shop uses a perpetual inventory system. Journalize the following transactions for Peaceful Palace Gin Shop. Explanations are not requlra sales at the net amount. Round all numbers to the nearest whole dollar.) (Click the icon to view the transactions.) Feb. 10: Sold merchandise Inventory on account for $4,600 to Tinsle Town. Payment forma were 1/15, V30. These goods cost the company $2,300. Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step. Date Accounts Debit Credit Feb. 10 Now Joumalize the expense related to the February 10 sale-Cost of goods, $2,300. Date Accounts Debit Credit Feb. 10 Feb. 12: Pald amount owed on credit purchase of February 3, less the return and the discount. Accounts Debit Date Credit Feb. 12 Feb. 28: Received cash from Tinsle Town in full settlement of their debt Debit Credit Dato Accounts Feb. 25 Choose from any list or enter any number in the input fields and then continue to the next question OM and FOB shipping point from Sue's Shoppe. Credit * More Info - X Feb. 3 Purchased $2,800 of merchandise inventory on account under terms 2/10, n/EOM and FOB shipping point from Sue's Shoppe. Feb. 7 Returned $700 of defective merchandise purchased on February 3. Feb. 9 Paid freight bill of $450 on February 3 purchase. Feb. 10 Sold merchandise inventory on account for $4,600 to Tinsle Town. Payment terms were 1/15, n/30. These goods cost the company $2,300. Feb. 12 Paid amount owed on credit purchase of February 3, less the return and the discount. Feb. 28 Received cash from Tinsle Town in full settlement of their debt. Print Done Ent terms were 1/15, n/30. These goods cost the company $2.300. trecord the expense related to the sale. We will do that in the following step. Credit