Prepare the journal entries to record the following purchase transactions in Ivanhoe Company's books. Ivanhoe uses a perpetual inventory system. Jan. 2 4 6 Feb. 1 Ivanhoe purchased $20,800 of merchandise from Feng Company, terms n/30, FOB shipping point. The correct company paid freight costs of $265. Ivanhoe returned $2,200 of the merchandise purchased on January 2 because it was not needed." Ivanhoe paid the balance owing to Feng. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation (To record purchase on account.) Debit Credit