Problem 1: Mick Co. uses the following accounts and numbers. Record the following transactions in the journal provided. Use the corresponding account number in the account column NOT the account name. July 1: Purchased merchandise on account from Mick Co. $50,000, FOB shipping point, terms 2/10,n/30. July 4: Received $10,000 credit for merchandise returned on July 1 purchase. July 8: Paid Mick Co. in full