Problem 4 - Merchandising Business (Weight of Score: 20% Marvelous Co. is a merchandising company. It held the following transactions during March 2020: March 7 Selling goods on account to Wonderful Co. for $6,320 with the credit term of 2/10, n/30. The cost of goods sold is $5,276. March 8 Receiving goods returned by Wonderful Co. from the transaction held on March 7, 2020 for $1,250. The cost of goods returned is $1,025. March 15 Receiving cash from Wonderful Co. for the transaction held on March 7, 2020. March 18 Purchasing goods on account from Excellent Co., $4,630, FOB Shipping Point, the credit term is 3/10, n/30 and paying transportation cost for $350 by cash. March 28 Doing payment to Excellent Co. for the goods purchased on March 18, 2020. Prepare the Journal Entries of those transactions using Perpetual System