Question 1 18 pts Garrett Book Store entered into the transactions listed below. In the journal provided, prepare Garrett's necessary entries, assuming use of the perpetual inventory system. UPLOAD YOUR ANSWER AS A PDF FILE. Purchase $2,500 of merchandise on credit, terms n/45. Returned $300 of the items purchased on July 6. Paid freight charges of $100 on the items purchased on July 6. Sold merchandise on credit for $3,500, terms 1/10, n/30. The merchandise had an inventory cost of $1.100. 7/6 7/8 7/9 7/19 7/22 7/24 7/25 7/27 Purchased $5,200 of merchandise on credit, terms 2/10, n/30. 7/31 Paid for the merchandise purchased on July 27. Of the merchandise sold on July 19. $600 of it was returned. the item had cost the store $150. Received payment in full from the customer of July 19. Paid for the merchandise purchased on July 6. Upload Choose a File