Problem 2 - Franken's Fine Goods uses a perpetual inventory system, and gross method, and makes the following transactions in February 2019. Journalize each event for the Franken Company, the buyer. February 1 - Franken purchases 1000 units for $2000 on account from the Mereck Company with terms 3/10, net 30 . February 1 - Shipping is $50 and paid cash. The shipping terms are FOB shipping point. February 5 - Franken returns half the goods to Mereck. February 10 - Franken pays Mereck for the goods purchased on February 1