Question 3. (30 marks) The following transactions were completed by McGill Company during August. McGill uses the perpetual inventory method. August Purchased $3,500 of merchandise from Hot Air Inc. on account. In addition, we paid 5 shipping costs of $230 for a total of $3,730. Terms 3/15, n/30. No discount available on shipping costs. 9 Returned $700 of merchandise to Hot Air for credit. 12 Sold $1,400 of merchandise to Crazy Parties on account, terms 2/10, n/30. Our cost was $800. 15 Crazy Parties returned $200 of merchandise from the August 12 purchase. The merchandise was the wrong colour, so is not defective. Our cost was $120. 17 Dalhousie Company purchased $4,000 of merchandise on account, terms 2/10, n/30. Our cost was $2,800. 18 Paid Hot Air the amount owed. (you figure out the amount) 20 Received payment in full from Crazy Parties. (you figure out the amount) 22 Purchased $900 of supplies on account from Columbia Company. 26 Dalhousie Company returned $700 of merchandise that was damaged during delivery. It cannot be resold. 30 Received payment from Dalhousie Company. Instructions: Journalize the above transactions