Prepare the journal entries to record the following merchandising transactions of Karta Company, which applies the perpetual inventory system Feb 1 Purchased merchandise from Water's Company for $3,750 under credit terms of 1/10, 130, FOB shipping point, Invoice dated Feb 1 3 Returned $250 in merchandise to Water's Company from the Feb 1 purchase 4 Sold merchandise that cost $2.225 for 54.350 cash. 5 Pald 5125 cash for freight charges on the merchandise inventory purchase from Water's Company on Feb 1, Sold merchandise to kyle Co. for 54.300 under credit terms of 2/10, 1/60. FOB shipping point, invoice dated Febs. The merchandise originally cost 52.900 9 9 Paid the balance due to Water's Company within the discount period fess the return on Feb 3 19 Received the balance due from Kyle Co for the invoice dated Feb 9, net of discount, Dale General Journal Debit Credit Feb 1 Date General Journal Debit Credit Feb 1 3 4