Prepare general journal entries for the following transactions of York's, a retailing company that uses the perpetual inventory system. March 2 Purchased $12,000 of inventory from Family Fashions on account, terms 1/10, 1/30. 3 Made a sale on account to Davis Co. for $7,000, terms 2/10, n/30. York's cost was $4,000. 4 Davis Co. returned $800 of its purchase from May 5. York's cost of the items was $500 5 York's returned $300 of the merchandise purchased from Family Fashions. 8 York's paid the appropriate amount for the merchandise purchased March 1.(remember the return) 25 York's collected the appropriate amount from Davis Co. (remember the return)