Problem 2 - Prepare journal entries Green Plants & Things, Inc. buys merchandise from Palm Tree. LLC. Both companies use perpetual inventory systems. Here are the details related to the transactions between the two companies: Green Plants & Things, Inc. buys merchandise from Palm Tree. LLC paying $6,080 for the goods. The cost of the goods for Palm Tree. LLC is $4.930. Purpose The purpose of this problem is to demonstrate an understanding of analyzing merchandising transactions and preparing journal entries. Instructions After analyzing the transactions, prepare the journal entries for both companies indicate which journal entry/entries are for which company in your responses). Guidance For formatting guidance, see the journal entry examples that are provided in Chapter 5 of the textbook. Your Answers