Print Find a Record each as a Journal Entry Warsen Windows uses a perpetual inventory system. Record each of the following transactions related to Warsen's purchasing and selling of merchandise. Oct. 1 Purchased merchandise from Davis Company for $40,000 with terms 3/10 n/30 5 Paid $800 for freight on the October 1st purchase. 7 Returned merchandise costing $6,800 for full credit 10 Paid Davis for the merchandise purchased on October 1st 12 Sold merchandise to Randall Designs at a selling price of $28,000; terms 2/10 n/30. The goods cost Warsen $16,800. Received a return of $4,000 of the merchandise Randall purchased on the 12th, The returned items had cost Warsen $2,400 Collected Randall's account balance in full. 15 20