> Problems Group B For all problems, assume the perpetual inventory system is used unless stated otherwise. Round all numbers to the nearest whole dollar unless stated otherwite P5-41B Journalizing purchase and sale transactions Journalize the following transactions that occurred in February 2018 for Occanic No explanations are needed. Identify each accounts payable and accounts receivable with the vendor or customer name. Occanic estimates sales returns at the end of ad month Feb. 3 Purchased merchandise Inventory on account from Silton Wholesalers $5,200. Terms 2/15, 1/EOM, FOB shipping point 4 Paid freight bill of $70 on February 3 purchase. 4 Purchased merchandise inventory for cash of $1,500. 6 Returned $900 of inventory from February 3 purchase. 8 Sold merchandise inventory to Herenda Company, 55,600, on account Terms 3/15, 1/35. Cost of goods. 52.352 9 Purchased merchandise inventory on account from Teddy Wholesalers $7,000. Terms 1/10, 1/30, FOB destination 10 Made payment to Silton Wholesalers for goods purchased on February , less return and discount. 12 Received payment from Herenda Company, less discount. 13 After negotiations, received a $500 allowance from Teddy Wholesalers 15 Sold merchandise inventory to lordon Company. 53,400, on account Terms n/EOM. Cost of goods, $1,496 22 Made payment, less allowance, to Teddy Wholesalers for goods purchased on February 9. 23 Jordon Company returned $1,000 of the merchandise sold on February 15. Cost of goods. 5440 25 Sold merchandise inventory to Smith for $1,700 on account that cost $663. Terms of 2/10, 1/30 were offered, FOB shipping point. As a courte to Smith, $70 of freight was added to the invoice for which cash was pel by Oceanic 27 Received payment from Smith, less discount. 28 Received payment from Jordon Company, less return