Question 1 Hutchinson Hotel received a shipment of souvenir robes on February 7, 2021. The value of the robes was $7,000. The supplier provided Hutchinson the following credit terms 2/10, net 30. Required For this test question no explanation of the transaction is required for the journal entries Please do no use S and commas when entering dollar values a) The robes were shipped FOB shipping point, and freight charges came to $260. Prepare the journal entry to record the receipt of goods by Hutchinson Hotel, assuming the payment will be made in March, using the periodic inventory system. Date Account Title and Explanation 2021 7 Feb Debit Credit